SOURCE: China Auto Logistics, Inc.

China Auto Logistics, Inc.

October 01, 2009 09:38 ET

China Auto Logistics, Inc. to Ring NASDAQ Opening Bell on Monday, October 5th

TIANJIN CITY, CHINA--(Marketwire - October 1, 2009) - China Auto Logistics, Inc. ("CALI") (NASDAQ: CALI), one of China's leading importers of luxury automobiles, and a rapidly growing provider of auto-related web-based services through its expanding network of websites for domestic and imported auto dealers and consumers, announced today that CEO and President, Mr. Tong Shiping, joined by other senior executives of the Company, will ring the NASDAQ opening bell on Monday, October 5th. The bell ringing celebrates CALI's listing on NASDAQ earlier this year on June 30, 2009.

"We are extremely pleased to have been able to meet the rigorous requirements to achieve a listing on NASDAQ," Mr. Tong said, "and fully appreciate the greatly heightened visibility the listing affords our Company with investors around the world."

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.

About NASDAQ

The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, and with over 3,900 companies, it is number one in worldwide listings among major markets. NASDAQ OMX Group offers multiple capital raising solutions to companies around the globe, including its U.S. listings market; the OMX Nordic Exchange, including First North; and the 144A PORTAL Market. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and ETFs. NASDAQ OMX Group technology supports the operations of over 60 exchanges, clearing organizations and central securities depositories in more than 50 countries. OMX Nordic Exchange is not a legal entity but describes the common offering from NASDAQ OMX Group exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit www.nasdaqomx.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