New Energy System Group Extends First Quarter Earnings Date to May 19, 2011

SHENZHEN, China, May 12, 2011 /PRNewswire-Asia-FirstCall/ -- New Energy Systems Group (NYSE Amex: NEWN) ("New Energy" or the "Company"), a vertically-integrated original design manufacturer and distributor of lithium ion batteries and consumer branded backup power systems, today announced that it will file Form 12b-25 with the Securities and Exchange Commission on May 12, 2011 to extend the filing of the Company's Form 10-Q for the quarter ended March 31, 2011 for up to an additional five calendar days. The Company has encountered a delay in assembling the information, in particular, its financial statements for the quarter ended March 31, 2011, required to be included in its March 31, 2011 Form 10-Q Quarterly Report. The Company plans to release its first quarter 2011 earnings on May 19, after market, and host a earnings conference call the following day, May 20, at 9:00am ET to discuss financial results for the quarter ended March 31, 2011.

Conference Call

At the conclusion of the call, the management team will host a question and answer session with the Company's Chairman, Mr. Weihe "Jack" Wu, Mr. Junfeng "Joge" Chen and Mr. Ken Lin, VP of Investor relations.

To attend the call, please use the dial-in information below. When prompted, ask for the "New Energy Call" and/or be prepared to provide the conference ID

Please dial in at least 10 minutes before the call to ensure timely participation. A playback will be available through May 27, 2011. To listen, please call 1-877-870-5176 within the United States or 1-858-384-5517 if calling internationally. Utilize the pass code 4440646 for the replay.

This call is being webcast by ViaVid Broadcasting and can be accessed by clicking on this link: http://viavid.net/dce.aspx?sid=00008669, or at ViaVid's website at http://www.viavid.net.

About New Energy Systems Group

New Energy Systems Group is a vertically integrated original design manufacturer and distributor of lithium ion batteries and backup power systems for leading manufacturers of mobile phones, laptops, digital cameras, MP3s and a variety of other portable electronics. The Company's end-user consumer products are sold under the Anytone® brand in China while it's commercial and OEM batteries and battery components are sold under New Power and E'Jenie. The fast pace of new mobile device introductions in China combined with a growing middle class make it fertile ground for New Energy's end-user consumer products, as well as its high powered, light weight lithium ion batteries. In addition to historically strong organic growth, New Energy is expected to benefit from economies of scale, broader distribution and higher profit margins in 2011. Additional information about the company is available at: www.newenergysystemsgroup.com.

Forward Looking Statements

This release contains certain "forward-looking statements" relating to the business of the company and its subsidiary and affiliated companies. These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors 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 the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the company or to 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:

SOURCE New Energy Systems Group

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