Ener1 Selects Edelman Public Relations Worldwide To Promote Company and Its Battery, Energy and Interactive TV Products

Business Wire, April 30, 2002

Business Editors/Hi-Tech Writers

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--April 30, 2002

Ener1 Holdings, Inc., the parent company of EnerNow (OTCBB:INPM) and other innovative technology companies, has selected Edelman Public Relations Worldwide as its public relations agency of record.

Ener1 tapped Edelman's technology/B2B offices in Miami and Melbourne, Fla., to help the company establish its brand and promote its broad range of technology products and services. The Ener1 group is developing and providing a line of advanced lithium batteries, electromagnetic protection technology and digital interactive TV software, hardware and engineering services. EnerNow is the trade name for the former Inprimis, Inc., in Boca Raton.

"Edelman's broad range of technology expertise, combined with its extensive track record of helping grow companies similar to Ener1, made it the perfect match for our family of businesses and products," said Mike Zoi, president of Ener1 Holdings. "The selection of a global, world-class firm that ranks among the largest tech PR practices demonstrates our commitment to rapidly turning our portfolio of patents into products that change markets."

"We are excited to partner with Ener1 to help bring attention to the innovative products and services they are developing based on their ground-breaking technologies," said Jim Burke, senior vice president and head of Edelman's technology/B2B practice in Florida. "The overarching goal will be to promote these new products to targeted corporate, military and consumer audiences, while repositioning the company more effectively in its current customer base."

About Ener1 Holdings

Ener1 Holdings, Inc. is a privately held holding company based in Fort Lauderdale, Fla. Its companies develop and market mobile power, electromagnetic protection technology, and interactive TV-based systems and services. For more information on the Ener1 group of companies, please visit http://www.ener1.com and http://www.enernow.com.

About Edelman Public Relations Worldwide

A leader in public relations for 50 years, Edelman PR Worldwide is a global communications firm with capabilities in all facets of public relations. With offices throughout North America, Europe, Latin America and Asia-Pacific, and annual revenues of $225 million, Edelman is the largest independent public relations agency in the world and the sixth largest overall. The firm maintains a significant presence in Florida with offices in Miami and Melbourne. For additional information on Edelman, please visit the firm online at http://www.edelman.com.

Safe Harbor Statement

This release contains forward-looking statements within the meaning of the Federal Private Securities Litigation Reform Act of 1995. These forward looking statements involve risks and uncertainties, including, but not necessarily limited to, the change in control of EnerNow and dilution to existing shareholders of EnerNow caused by Ener1's investment, the history of operating losses incurred by EnerNow and its need for additional capital, the receipt of revenue from new contracts, the rate of development of the information appliance market, the successful development and market acceptance of new products and services, the degree of competition in the market for such products and services, competitive pricing practices, dependencies upon key personnel, and low barriers of entry into the software development and services markets. Further, a significant portion of the company's sales is derived from a limited number of customers, the loss of one or more of which could adversely impact operating results. Some of these and other risks are detailed in EnerNow's annual report on Form 10-K for the year ended December 31, 2001, as well as in the company's other filings with the Securities and Exchange Commission. Such risks and uncertainties could cause actual results or performance to differ materially from any future results or performance expressed or implied in the forward-looking statements included in this release.