SOURCE: China Auto Logistics Inc.

China Auto Logistics Inc.

November 11, 2010 09:00 ET

China Auto Logistics Management Team Further Strengthened With Addition of "Goodcar" CEO Yuan Guohua

Experienced Media Exec Expected to Help Foster Significant E-Commerce Growth

TIANJIN, CHINA--(Marketwire - November 11, 2010) -  China Auto Logistics Inc. (the "Company" or "CALI") (NASDAQ: CALI), owner and operator of one of China's leading automotive portals for car dealers and consumers of vehicle services and products, which recently completed the acquisition of the popular consumer automotive site www.goodcar.cn ("Goodcar"), today announced a significant new addition to its senior management team with the retention of Mr. Yuan Guohua, who has served as the CEO of "Goodcar" since June 2009.

Mr. Tong Shiping, CEO and Chairman of CALI, stated, "Mr. Yuan has a wealth of experience in successfully building and managing major media and e-commerce platforms. As a key new addition to our senior management team, he will be a guiding force in the continuing elevation of CALI and Goodcar to premier positions in the rapidly growing automotive space on China's Internet."

Mr. Yuan, a graduate of Tsinghua University, began his career as a journalist at Beijing Morning News. He left to found his first venture, www.158china.cn. He then joined www.sohu.com as a senior financial editor before being promoted to chief strategist of this major Chinese site. Immediately prior to joining Goodcar in June, 2009, Mr. Yuan was deputy chief editor of www.qq.com. At www.qq.com, Mr. Yuan developed five successful channels including finance, technology, autos, education and online games and helped grow the site to more than 100 million internet users as of March, 2010. 

About China Auto Logistics Inc. (CALI)

With 2009 sales of approximately $215 million, China Auto Logistics Inc. operates www.cali.com.cn, which rapidly has become one of the leading automobile portals for car dealers and consumers of vehicles and auto-related services throughout China. The Company also 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. Recently initiating auto-related services for dealers and purchasers of domestic autos, it is China's leading "one stop" provider of logistical services and financing to imported car dealers nationwide and manager of the large imported auto mall in Tianjin. Its subscription and advertising based www.at188.com is the number one site for imported car dealers and consumers. Its www.at160.com site, focused on the domestic auto market, has climbed rapidly to become one of the top domestic auto websites and ranks among the top 125 most visited sites in China. Recently, the Company completed the acquisition of www.goodcar.cn, a highly popular internet destination for auto drivers attracted by the discount cards offered on the site for a variety of automotive products and services including 5% discounts on gas purchases. The Company believes the integration of these wide ranging sites and services in a single portal serving a broad spectrum of China's "auto living" public, as well as the addition of new web-based auto-related services for businesses and consumers, will drive future growth. For additional information visit 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.

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