China Digital Animation Development, Inc. (fka CHDA)

[Fishing at Surfside]

ABAT news -

Advanced Battery Technologies Completes Acquisition of Wuxi Angell


NEW YORK and HARBIN, China, Apr 30, 2009 (GlobeNewswire via COMTEX) -- Advanced
Battery Technologies, Inc. (Nasdaq:ABAT) ("the Company"), a leading developer,
manufacturer and distributor of rechargeable Polymer Lithium-Ion (PLI)
batteries, today announced that it has completed the acquisition of Wuxi Angell
Autocycle Co. Ltd. ("Wuxi Angell"). The Company acquired a 100% interest in Wuxi
Angell in exchange for a cash payment of RMB 70 million, US$ 3.64 million and
3.0 million shares of ABAT's common stock.