China Ritar Power Corp. Joins China Overseas Listed Corporations Association

SHENZHEN, China, March 19 /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 Company has joined the China Overseas Listed Corporations Association (COLCA). COLCA is a non-profit organization established on March 7, 2010, with the goal of providing Chinese companies a platform to enhance their knowledge on global capital markets.

"We are extremely excited to join COLCA and believe that with the use of its in-depth resources on global capital markets we will be able to maximize our success as an international listed company," China Ritar's Chairman and CEO, Mr. Jiada Hu stated. "The organization was established to increase Chinese companies' access to information on international capital markets and enhance their competitiveness. Through its unique platform, Chinese companies can now readily acquire and exchange information on issues such as raising capital, reducing operating costs, increasing business development opportunities in China and overseas as well as maximizing shareholder value."

About China Overseas Listed Corporations Association (COLCA)

COLCA is a non-profit organization for internationally publicly traded Chinese corporations or corporations intending to list on international exchanges such as the NASDAQ, AMEX, NYSE, HKSE, or AIM. The organization is committed to comply with laws and regulations of the People's Republic of China and laws and regulations of the listing countries and regions, promote business co-operations between members and exchanges, strengthen communications with relevant institutions and organizations, reduce financing costs and expenses, enhance investors confidence, provide special service programs to members, voice member's suggestions to government authorities, protect member's reasonable and legal interests in overseas stock markets, improve power of discourse of Chinese corporations listed overseas, assist Chinese corporations continuous development in overseas stock markets, and contribute to the overseas investment activities of Chinese corporations. Additional information on COLCA can be found at http://www.colca.org.cn .

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.

    For more information, please contact:

    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 Corp.