New Energy Systems Group to Present at the Rodman & Renshaw Annual China Investment Conference in Beijing

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March 2, 2010
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New Energy Systems Group to Present at the Rodman & Renshaw Annual China Investment Conference in Beijing

NEW YORK and SHENZHEN, China, March 2 -- New Energy Systems Group  (BULLETIN BOARD: NEWN) , a vertically integrated original design manufacturer and distributor of lithium ion batteries and backup power systems, today announced that it will be a presenter at the Rodman & Renshaw Annual China Investment Conference taking place in Beijing on March 7 - 9, 2010. Weihe Yu, Chairman of New Energy Systems Group, and other members of the management team will be in attendance. The company is scheduled to present on Monday, March 8th at 11:55 a.m. Beijing Time (10:55 p.m. Eastern Standard Time on Sunday, March 7th).

The presentation will be broadcast live via the internet. The broadcast will include slides and an audio webcast, which can be accessed from the investor relations section of the company's website: http://www.newenergysystemsgroup.com/ . The replay will be available within one hour of the live presentation and will remain available for 90 days following the conference.

About Rodman & Renshaw

Rodman & Renshaw is a full-service investment bank dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. Rodman also provides research and sales and trading services to institutional investors. Rodman is the leader in the PIPE (private investment in public equity) and RD (registered direct offering) transaction markets. According to Sagient Research Systems, Rodman has been ranked the #1 Placement Agent in terms of the aggregate number of PIPE and RD financing transactions completed every year since 2005.  For more information please visit:  http://www.rodm.com/ .

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 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, and the company has begun expanding its international sales efforts. 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, greater production capacity and higher profit margins in 2010.  Additional information about the company is available at: http://www.newenergysystemsgroup.com/ .

Forward Looking Statements

Except for the historical information, the matters discussed in this news release may contain forward-looking statements, including, but not limited to, factors relating to future results. These forward-looking statements may involve a number of risks and uncertainties. Actual results may differ materially based on a number of factors, including, but not limited to, uncertainties in product demand, risks related to doing business in China, the impact of competitive products and pricing, changing economic conditions around the world, release and sales of new products and other risk factors detailed in the Company's most recent annual report and other filings with the Securities and Exchange Commission.

  For more information, please contact:

   Crescendo Communications, LLC
   David Waldman or Klea Theoharis
   Tel:   +1-212-671-1020
   Email: newn@crescendo-ir.com

Source: New Energy Systems Group
   

CONTACT: David Waldman or Klea Theoharis, +1-212-671-1020,
newn@crescendo-ir.com, both of Crescendo Communications, LLC, for New Energy
Systems Group

Web site: http://www.newenergysystemsgroup.com/
http://www.rodm.com/

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