Global Electric Vehicle andBattery Technology Leader CT&T United to
Establish Multiple Facilities in Southeast and West Coast Regions to
Manufacture Affordable Line of EVs by 2010

SEOUL, South Korea, July 1 /PRNewswire/--CT&T Company, Ltd., a global
leader in Electric Vehicle (EV) technology, announced plans today for
e-Zone and c-Zone electric vehicle production in the United States with
plans to employ 2,600, including production workers and managers, over
the next five years.

CT&T United, the U.S. subsidiary of CT&T Korea, Ltd. is investing
significantly to maintain its global position in the move towards
consumer use of electric vehicles by establishing its North American
headquarters, a research and development center and several
manufacturing facilities to produce and market an entire product line
of EVs and batteries. Company officials are considering potential sites
in South Carolina, Georgia, North Carolina, Alabama and California.

In making the announcement, CT&T President and CEO Young Gi Lee said,
"While we are reviewing a number of locations for our operations, we
are committed to having a major presence in the Southeastern and West
Coast regions."

CT&T United will produce and market City Drive Electrical Vehicles
(EVs), Mid-speed Electric Vehicles, High-speed Electric Vehicles,
Utility Electric Vehicles, as well as batteries in the Lead Acid,
Advanced Lead Acid, Lithium Polymer and Lithium Ion categories for
domestic and export markets.

"We are accelerating our plans to become a major investor in zero
emissions vehicle technologies in the U.S.," said Lee. "CT&T has become
a category leader because of our advanced technology, plus we offer a
solution to the primary barrier to consumer adoption of electric
vehicles by offering EVs at affordable prices."

By the fourth quarter of 2009, the company expects to begin selling
c-Zone utility EVs for commercial and government applications as well
the e-Zone City Drive EVs. Vehicles will range in price from $8,000 US
dollars to $16,000 fully equipped.

CT&T United recently submitted proposals to work with the Department of
Energy to accelerate the implementation of battery, electric motor
drive and electric vehicle technologies. DOE is expected to announce
their plans regarding these proposals later this summer.

CT&T works in four battery platforms by co-operatively manufacturing
with Korean partners SK Energy, Sebang, EIG Corporation, LG Chemical
Corporation, FCP, and Samsung. Specifically, the company works in Lead
Acid, Lithium Polymer, Fuel Cell (FCP) and Lithium-ion battery systems.

The company has also announced a joint venture with PUES Corporation of
Tokyo Japan for the development and production of inverters and new
technology In-Wheel Motors.

"We have an aggressive market development plan, and our innovative
Regional Assembly and Sales (RAS) system will enable us to reach our
employment predictions of more than 10,000 people in the U.S. by 2014,"
said Lee. The RAS system is characterized by a network of regional
joint ventures that will facilitate manufacturing, assembly and sales
activities in specific geographic market areas throughout the U.S.

In addition to its manufacturing and distribution initiatives, CT&T
United will partner with Research and Development teams in the U.S. to
supplement and expand upon the company's activities in Korea.
Currently, CT&T Korea, Ltd. works closely with Korea's leading
technology research universities - Korea Advanced Institute of Science
and Technology (KAIST), Korea Polytechnic University, Ajou Motor
College, and Soongsil to develop new cost and energy efficient Battery
Platform, Drivetrain System, and Electric Vehicle technologies.

About CT&T:

CT&T is an acknowledged global leader in Electric Vehicles and EV
technologies with manufacturing facilities currently inSouth
KoreaandChinawith severalU.S.facilities targeted to begin production by
the end of 2009. One of the few fully integrated vehicle, motor and
battery producers in the world, the Company produces and marketsCity
Drive, Mid-speed, High-speed, and Utility electric vehicles under the
CT&T brand. Young Gi Lee, a former executive of Hyundai Motor
Corporation, founded the CT&T in 2002 with a vision of bringing zero
emissions transportation options to companies and individuals.

SOURCE CT&T United