SOURCE: Friendly Auto Dealers, Inc.

August 18, 2009 14:40 ET

Friendly Auto Dealers, Inc. Chairman of the Board Reports on His Recent Emissary Trip to the People's Republic of China and Details His Efforts on Behalf of the Company

LAS VEGAS, NV--(Marketwire - August 18, 2009) - Friendly Auto Dealers (OTCBB: FYAD) detailed recent efforts on behalf of the Company by its Chief Executive Officer, Tony H. Lam, in the People's Republic of China.

Beginning on June 29, 2009, Mr. Lam traveled to the People's Republic of China, including the Province of Guangzhou, where he attended the Shanghai Auto Show and met with several Chinese automobile companies and various Chinese Automobile Industry Officials, including Mr. Hung Wang, the owner of several automobile dealerships in the Guangzhou Province. Mr. Wang's dealerships feature the sale of domestically manufactured Chinese automobiles as well as those of the Korean manufacturer Kia and the French maker Citroën.

Mr. Lam indicated that his previous relationship with Mr. Wang, along with his extensive recent meetings in China, has led to a developing business synergy between Mr. Wang's dealerships and Friendly Auto Dealers, Inc. Specifically, the pair discussed possible partnerships or joint ventures between the Wang Dealerships and Friendly Auto Dealers, Inc. culminating in the possible expansion of Friendly Auto Dealers, Inc.'s business within China. Additionally, Mr. Wang pledged that Friendly Auto Dealers, Inc. would be his exclusive partner in formulating and executing this expansion.

It should be noted that no formal agreement was reached between the Wang Dealerships and Friendly Auto Dealers, Inc. during Mr. Lam's visit. However, Mr. Lam is of the opinion that his visit continued to lay the proper groundwork for positive business development in China, and is consistent with his stated desire to discern and develop new opportunities for the Company that will enhance and provide value to its shareholders.

About Friendly Auto Dealers

Friendly Auto Dealers is a start-up company incorporated on August 6, 2007, under the laws of the State of Nevada. The principal offices are located at 4132 South Rainbow Boulevard, Suite 514, Las Vegas, Nevada. The telephone number is (702) 321-6876. The fax number is (702) 939-0655. Friendly Auto Dealers is a developer and seller of customized apparel and consumer products with logos in China.

Safe Harbor Statement

To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.

Contact Information

  • For more information please contact:

    A.S. Austin & Co.
    Investor Relations
    702-609-7559