Ener1, Inc. Announces Change in Independent Registered Public Accounting Firms

Sep 23, 2005, 01:00 ET from Ener1, Inc.

    FORT LAUDERDALE, Fla., Sept. 23 /PRNewswire-FirstCall/ -- Ener1, Inc.
 (OTC Bulletin Board:   ENEI) today announced that it has retained Eisner LLP as
 its independent registered public accounting firm, effective immediately.
 Eisner LLP replaces Kaufman, Rossin & Co. who resigned on August 16, 2005.
     The decision to appoint the new independent registered public accounting
 firm was made by the company's Audit Committee of the Board of Directors.
     The reports of Kaufman on Ener1's consolidated financial statements for
 the fiscal years that ended December 31, 2004 and 2003 did not contain an
 adverse opinion or disclaimer of opinion and were not qualified or modified as
 to uncertainty, audit scope or accounting principles.
     During the fiscal years that ended December 31, 2004 and 2003 and the
 subsequent interim period from January 1, 2005 through August 16, 2005,
 (i) there were no disagreements between Ener1 and Kaufman on any matter of
 accounting principles or practices, financial statement disclosure or auditing
 scope or procedure, which disagreements, if not resolved to the satisfaction
 of Kaufman, would have caused Kaufman to make reference to the subject matter
 of the disagreement(s) in connection with its report on the consolidated
 financial statements for such periods, and (ii) there were no "reportable
 events" as such term is defined in Item 304(a)(1)(v) of Regulation S-K.
     Prior to the engagement of Eisner LLP, Ener1 had not consulted with Eisner
 LLP during its two most recent fiscal years and through the date of this
 report in any matter regarding either: a) the application of accounting
 principles to a specified transaction, either completed or proposed, or the
 type of audit opinion that might be rendered on its financial statements, and
 neither was a written report provided to Ener1 nor was oral advice provided
 that Eisner LLP concluded was an important factor, or b) the subject of either
 a disagreement or a reportable event described in Item 304(a)(1)(v) of
 Regulation S-K.
     About Ener1, Inc.
     Ener1, Inc (OTC Bulletin Board:   ENEI) is an energy technology company.
 The company's interests include: 80.5% of EnerDel (www.enerdel.com), a lithium
 battery company in which Delphi Corp. owns 19.5%; 49% of Enerstruct, a
 Japanese lithium battery technology company in which Ener1's strategic
 investor ITOCHU owns 51%; wholly owned subsidiary EnerFuel, a fuel cell
 testing and component company (www.enerfuel.com); and wholly owned subsidiary
 NanoEner, which develops nanotechnology-based materials and manufacturing
 processes for batteries and other applications (www.nanoener.com).  For more
 information, visit http://www.ener1.com.
     Safe Harbor Statement (ENER1, Inc.)
     This release contains forward-looking statements within the meaning of the
 Federal Private Securities Litigation Reform Act of 1995 conveying
 management's expectations as to the future based on plans, estimates and
 projections at the time the statements are made. The forward-looking
 statements contained in this press release involve risks and uncertainties,
 including, but not necessarily limited to, the ability of Ener1 to complete
 the proposed spin-off of its equity interests in EnerDel, Inc., NanoEner, Inc.
 and EnerFuel, Inc., including securing financing to adequately capitalize each
 company and obtaining required regulatory and third-party approvals;
 successfully develop and market proposed lithium battery, fuel cell and
 nanotechnology-based products and services; Ener1's plans to reduce costs and
 gain a competitive advantage by consolidating manufacturing operations and
 implementing automated production processes; charges Ener1 will incur in
 connection with consolidating manufacturing operations; the degree of
 competition in the markets for lithium battery, fuel cell and nanotechnology-
 based products and services, Ener1's history of operating losses, the lack of
 operating history for the development stage Ener1 businesses, the need for
 additional capital, the dependency upon key personnel and other risks detailed
 in Ener1's annual report on Form 10-KSB for the year ended December 31, 2004,
 as well as in its other filings from time to time with the Securities and
 Exchange Commission.  These 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.  Ener1 undertakes no obligation to publicly update or revise any
 forward-looking statements, whether as a result of new information, future
 events, or otherwise.
      Contact:  Michael Mason (investors)              Alys Daly
                Allen & Caron Inc                      Ener1, Inc.
                212 691 8087                           954 556 4020
                michaelm@allencaron.com                adaly@ener1.com

SOURCE Ener1, Inc.