FOR IMMEDIATE RELEASE

Electro-Mariner Corp. Takes Major Step in Developing
High Performance All-Electric Smart Boats™

Mission Bay SAN DIEGO (January 31, 2009) – To the distant eye, the 25 foot monohull cruising along Mission bay, looked very similar to the many other recreational powerboats out for a day on the water.

But on closer inspection, it's abundantly clear that this powerboat, aptly named ‘Charge It’ is not your average boat.

Instead of being propelled through the water by gas or diesel fuel guzzling internal combustion engines, ‘Charge It’ is the first prototype of a groundbreaking project, seeking to create high performance all-electric Smart Boats™ designed to travel for extended distances and or at high speeds in both ocean water and fresh water venues.

"Launching 'Charge It' today was a significant step forward after several years of hard work by a group of passionate engineers, boaters and environmentalists who want to significantly reduce the cost of operating personal and commercial watercraft while at the same time, eliminating pollution of all types and lessening our country’s dependence on foreign fossil fuels," said David Ferran, CEO of Electro-Mariner, the company behind the project.

Electro-Mariner Corp., based in San Diego, is working toward achieving a breakthrough in all electric propulsion technology that will enable the company to conquer the many barriers that have stood in the way of widespread adoption of electric watercraft to date. In addition to developing proprietary high performance electric motors, the company is hard at work developing an energy storage technique that is powerful enough, portable enough and safe enough for marine use.

"More than 10 million fossil-fuel burning marine engines are currently in operation in the U.S. today. The technology Electro-Mariner is working on to develop and commercialize, will provide a safe and clean alternative power source that will sharply reduce operating costs, while eliminating greenhouse gas emissions, boater exposure to noxious fumes and the discharge of pollutants into our oceans, lakes and inland waterways" said Ferran.

"In the coming quarters, Electro-Mariner will be developing a second generation prototype which will combine a customized hull design with leading edge advanced energy storage technology to achieve both greater speed and range, putting Electro-Mariner one step closer to our goal of an all-electric propulsion system to power oceangoing watercraft of all types."