SOURCE: China Auto Logistics, Inc.

China Auto Logistics, Inc.

September 28, 2009 09:00 ET

China Auto Logistics Inc. Featured on Fox Business Network

TIANJIN CITY, CHINA--(Marketwire - September 28, 2009) - China Auto Logistics Inc. (NASDAQ: CALI) (the "Company"), one of China's leading importers of luxury automobiles, a top provider of one-stop automobile logistics services and dealer financing and operator of leading automobile-related websites in China, said today that Mr. Ken Donenfeld, its U.S. investor relations spokesperson, appeared on FOX Business Network (FBN) to comment on the major growth being experienced by the auto market in China. Mr. Donenfeld noted that China Auto's new services and website growth strategy is benefiting from China's economic growth drive and booming car sales.

The full interview is available through the following link:

http://video.foxbusiness.com/?category_id=1292d14d0e3afdcf0b31500afefb92724c08f046#/10013191/booming-luxury-car-market-in-china/?category_id=1292d14d0e3afdcf0b31500afefb92724c08f046

About Fox Business Network

FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. FBN is headquartered in New York, the business capital of the world. Launched in October 2007, the Network is available in more than 35 million homes in major markets across the United States. Owned by News Corp., the Network has bureaus in Chicago, Los Angeles, Silicon Valley, Washington, DC and London (www.foxbusiness.com).

About China Auto Logistics, Inc.

With 2008 sales of approximately $190 million, China Auto Logistics Inc. (NASDAQ: CALI) is one of China's top sellers of luxury imported cars as well as one of the country's leading developers of websites for buyers and sellers of imported and domestic automobiles. It is also China's leading "one stop" provider of logistical services and financing to imported car dealers nationwide. The Company has made the strategic decision to de-emphasize imported auto unit sales in favor of expanding its new, highly profitable domestic auto websites which are accessible through its national website, www.at160.com, launched in May, 2009. Its subscription and advertising based www.at188.com is the number one site for imported car dealers and consumers. Already contributing significantly to profits, the Company believes further expansion of its websites, including the addition of new web-based auto-related services, will drive future growth. For additional information: www.chinaautologisticsinc.com.

Information Regarding Forward-Looking Statements

Except for historical information contained herein, the statements in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product demand, market competition, and risks inherent in our operations. These and other risks are described in our filings with the U.S. Securities and Exchange Commission.

Contact Information

  • Contacts:

    US Investors

    Focus Asia Partners
    Robert Agriogianis
    Tel: 973-845-6642
    Fax: 973-845-6649

    Press

    Ken Donenfeld
    donfgroup@aol.com
    212-425-5700
    646-381-9727