LAS VEGAS, April 23, 2010 (GLOBE NEWSWIRE) -- Li-ion Motors Corp. (OTCBB:LMCO) www.Li-ionMotors.com">www.Li-ionMotors.com, 21st Century Design & Engineering of emission-free automotive propulsion systems using the latest lithium battery technology, is pleased to announce that at a meeting of the Company's Board of Directors held on April 20, 2010, the directors of Li-ion Motors Corp. approved a 20% restricted stock dividend on our Common Stock, payable to stockholders of record May 28, 2010. We are mailing on April 27, 2010 to our stockholders our Information Statement regarding the increase in our authorized common stock to 100,000,000 shares, which will take effect 20 days after we mail the Information Statement.
FORWARD LOOKING STATEMENT:
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ.