Do you remember a small company that I wrote about in this column several months ago? The company is called Advanced Battery Technologies, Inc. (AMEX/GBT) and the stock recently graduated to the American Stock Exchange. Its previous stock symbol was OTCBB/ABAT and it was listed on the Over-The- Counter Bulletin Board.

I first mentioned this company in this column in June, but did a more detailed write-up on it late in September.

This small company manufactures and distributes rechargeable Polymer Lithium-Ion (PLI) batteries for electric automobiles, motorcycles, mine-use lamps, notebook computers, walkie-talkies and other electronic devices. The company has a New York office, but maintains its executive offices and manufacturing facilities in China.

Recently, the company reported excellent financial growth. Its revenues for the third quarter of 2007 grew 112% to $8.6 million, up significantly from revenues of $4.1 million generated in the third quarter 2006.

Net income in the latest quarter grew a whopping 260% to $3.6 million, or $0.07 per fully diluted share, up from net income of $1.0 million, or $0.02 per fully diluted share, generated in the third quarter of 2006.

For the first nine months of 2007, the company's revenues grew 137% to almost twenty-two million dollars. Net income for this period grew an amazing 344% to $8.2 million, or $0.16 per fully diluted share, way up from net income of $1.8 million, or $0.04 per fully diluted share, in the same period in 2006.

It's really exciting discovering fast-growing, small companies. Advanced Battery Technologies fits the model for a successful micro-cap company. From September, this stock doubled in value, and has since pulled back to its current level around $6.00 per share. There's a lot of volatility inherent in dealing with super- small companies, but that's all part of the excitement.