BEIJING - (Business Wire) AutoChina International Limited (“AutoChina” or the “Company”) (NASDAQ: AUTC, AUTCW, AUTCU), a leading one-stop commercial vehicle sales and leasing company in China offering its customers affordable lease-to-own options, today announced the Company’s shares are now quoted on the Frankfurt Stock Exchange Open Market (http://deutsche-boerse.com) under the symbol “6IA”. Mr. Yong Hui Li, Chairman and CEO of AutoChina stated, “Our quoting on the Frankfurt Stock Exchange potentially enables a wider array of European institutional and individual shareholders to become shareholders in AutoChina. We look forward to the opportunity to broaden our Company’s investor base.”
About the Frankfurt Stock Exchange
The Frankfurt Stock Exchange (FSE) is owned and operated by Deutsche Börse, which also owns the European futures exchange Eurex and clearing company Clearstream. The Open Market of the FSE is regulated by the FSE itself and is gaining increasing importance as a listing platform for small and medium-sized companies seeking an alternative method of entry to the stock market.
About AutoChina International Limited:
AutoChina International Limited is a leading one-stop commercial auto financing and sales company in China. AutoChina’s operating subsidiary was founded in 2005 by nationally recognized Chairman and CEO, Yong Hui Li.
Safe Harbor Statement:
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about the Company. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, based upon the current beliefs and expectations of the Company's management, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The following factors, among others, could cause actual results to meaningfully differ from those set forth in the forward-looking statements:
- Continued compliance with government regulations;
- Changing legislation or regulatory environments;
- Requirements or changes affecting the businesses in which the Company is engaged;
- Industry trends, including factors affecting supply and demand;
- Labor and personnel relations;
- Credit risks affecting the Company's revenue and profitability;
- Changes in the automobile industry;
- The Company’s ability to effectively manage its growth, including implementing effective controls and procedures and attracting and retaining key management and personnel;
- Changing interpretations of generally accepted accounting principles;
- Whether the transaction to sell the automobile dealership business is consummated;
- General economic conditions; and
- Other relevant risks detailed in the Company’s filings with the Securities and Exchange Commission.
The information set forth herein should be read in light of such risks. The Company does not assume any obligation to update the information contained in this press release.
AutoChina International Limited
Jason Wang, (+86) (311) 8569-6386
Chief Financial Officer
jcwang@autochinaintl.com
or
Investor Relations:
The Equity Group Inc.
Adam Prior, 212-836-9606
Vice President
aprior@equityny.com
