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,, launched in May, 2009. Its subscription and advertising based 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:


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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

    Ken Donenfeld