Carthew Bay Technologies (fka CWBYF)

[steeledge]

Carthew Bay Technologies Announces Next Annual and General Shareholder's Meeting


TORONTO, March 15, 2010 (GLOBE NEWSWIRE) -- Carthew Bay Technologies Inc. (OTCBB:CWBYF - News) (the "Company" or "CBT"), formerly Astris Energi Inc., announced today that it will hold its next Annual Shareholder's Meeting ("ASM"), at which will be presented the financial statements covering the periods up to December 31, 2009, by latest June 15, 2010. The financial statements for the 2007 and 2008 financial periods have been public for some time.

"Given the limited resources of the Company, the numerous changes made to the proposed Colorep transaction over the past 2 years, and the lack of other material activity in CBT during this period, the Company has delayed the holding of an ASM," said Michael Liik, CEO of CBT. Mr. Liik went on to say that "Even though negotiations with Colorep regarding our convertible debenture investment continue to advance, we did not want to delay further the holding of an annual shareholders meeting."

About Colorep and Transprint USA

About Colorep, Inc.

Colorep, Inc. (www.colorep.com) is a leader in subsurface printing and fabric dyeing technologies, providing products and services to the promotion, apparel, commercial furnishings and home decor markets. Colorep provides these services to companies through its wholly-owned subsidiary, BetaColor LLC, its printing applications division and through the licensing of its technology to manufacturers in these addressable markets. Colorep's technology encompass a range of advances in the coloration and decoration of fabrics, vinyl, plastics, and coated metals. Its AirDye(TM) technology introduces coloration of fabric without negative environmental impacts.

About Transprint USA, Inc.

Transprint USA, Inc., a wholly-owned subsidiary of Colorep ("Transprint") (www.transprintusa.com), is a leading supplier of transfer-printing paper for decorating polyester, polyester rich substrates and certain other synthetic materials. With a design library of over 12,000 designs, Transprint is a leader in design choice and innovation. Transprint's products include Transwide(TM), a patented, exclusive product providing transfer-printing paper up to 126" (320cms) and Transeeze(TM), a release paper product for the printing of vinyl and other plastics. Transprint supplies its worldwide customer base through a direct sales force and agents located in a number of foreign countries.