China Ritar Power Announces Delay in Its Order with China Mobile

SHENZHEN, China, March 16 /PRNewswire-Asia-FirstCall/ -- China Ritar Power Corp. (Nasdaq: CRTP) ("China Ritar" or the "Company"), a leading Chinese manufacturer of lead acid batteries, today announced that the delivery of its order from China Mobile Limited in the aggregate amount of $15 million originally planned for 2009 has been delayed until 2010. The delay is a result of a later than expected 3G network rollout by China Mobile Limited.

China Ritar's Chairman and CEO, Mr. Jiada Hu stated, "This delay resulted in lower revenue for 2009 than we originally projected. However, we remain confident that the order with China Mobile Limited will be delivered during 2010."

About China Ritar Corp.

China Ritar designs, develops, manufactures, and markets environmentally friendly lead acid batteries with a wide range of capacities and applications, including telecommunications, uninterruptible power supply (UPS) devices, light electrical vehicles (LEV), and renewable energy systems (solar and wind power). China Ritar sells, markets, and services six series and 197 models of Ritar-branded, cadmium-free, valve-regulated lead-acid (VRLA) batteries. Products are sold worldwide with sales in 81 countries including China, India, and numerous markets in Europe and the Americas. Additional information can be found at the Company's website http://www.ritarpower.com .

Safe Harbor Statement

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Certain statements in this press release and oral statements made by China Ritar on its conference call in relation to this release, constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included herein are forward-looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with and available from the Securities and Exchange Commission. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

    Elite IR
     John Marco, Partner
     Tel:   +1-310-819-2948
     Email: [email protected]

    Elite IR
     Leslie J. Richardson, Partner
     Tel:   +852-3183-0283
     Email: [email protected]

SOURCE China Ritar Power Corp.

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