SOURCE: China Auto Logistics Inc.

China Auto Logistics Inc.

July 13, 2010 08:00 ET

China Auto Logistics Reports Popularity of Its Domestic Automobile Website Continues to Grow

TIANJIN, CHINA--(Marketwire - July 13, 2010) - China Auto Logistics Inc. (the "Company" or "CALI") (NASDAQ: CALI), which owns and operates one of the leading automobile portals in China for auto dealers and consumers of vehicle services and products, and other automobile related websites, reported today that the latest figures for its website, which is aimed at domestic automobile purchasers and dealers, show a continued upward climb in the number of daily visitors attracted to the site.

According to -- China's leading site for ranking website growth and popularity -- is now achieving an average of 6.5 million unique hits per day and as many as 8 million daily viewers, which is up from just under 2 million unique hits per day at the start of the year.

Additionally, based on the number of visitors, the site is now ranked number 125 out of the more than 3 million websites in China, with an average monthly ranking of 139th place during the past three months. The site also now ranks as the third most popular site specializing in coverage of the Chinese automobile industry.

Mr. Tong Shiping, CEO and Chairman of the Company, attributed the growth in popularity of the site to the continuing strong growth in China's domestic auto sales, and the launch in April of the portal, which provides access on a single site to broad spectrum coverage of the Chinese auto industry, including He also cited the expanded coverage of the site, which has grown from providing detailed auto buying information in 15 cities in China at the start of the year to 20 cities presently.

According to Mr. Tong, "Each new day our websites are becoming more formidable entities in the Chinese auto market. With our plans to expand further our domestic coverage to 35 cities by year end -- and to 60 cities by the end of 2011 -- we are confident that the growth in readership and popularity of our domestic site will continue to climb. Further," Mr. Tong said, "we believe that advertising revenue will continue to grow as the reach and penetration of our sites in the automobile marketplace provide an increasingly compelling value proposition for advertisers/manufacturers/etc."

Description of China Auto Logistics Inc. (CALI)

With 2009 sales of approximately $215 million, China Auto Logistics Inc. operates, which rapidly is becoming one of the most popular automobile portals for car dealers and consumers of vehicles and auto-related services throughout China. CALI 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 is the number one site for imported car dealers and consumers. Its site, focused on the domestic auto market, has climbed rapidly to become one of the top domestic auto websites. 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

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

    Ken Donenfeld
    Tel: 212-425-5700
    Fax: 646-381-9727