AutoMart-China Signs LOI, Moves to Offer Mandatory Safety/Exhaust Inspections

BEIJING & FORT MYERS, Fla.--AutoMart-China (OTC BB: DPFD), the largest independent auto aftermarket company in Beijing, said today that it has signed a Letter of Intent with a Chinese government-authorized company as its first step in being able to perform mandatory safety and exhaust inspections at its repair and maintenance centers.

AutoMart (www.AutoMart-China.com) said the non-binding LOI is with Beijing Wan Quan He Automotive Certificate Company (WQH), which is authorized by Beijing’s municipal government and Ministry of Communications to conduct annual tests for cars and motorcycles there. WQH is also authorized to conduct motor vehicle exhaust testing, as authorized by the State Environmental Protection Administration of China.

AutoMart, with more than 450 employees serving the auto aftermarket in Beijing, is currently working to finalize the agreement and add mandatory safety and exhaust inspections to its other services, including auto repair, parts, and insurance, said the company’s Chairman and CEO Pang Guisan.

Opportunity to Serve an Emerging Market

“Annual safety and exhaust inspections are required by the government for the more than 4 million cars and motorcycles in Beijing,” Mr. Pang said. “AutoMart is excited about the opportunity to partner with WQH and serve this emerging market.

“AutoMart plans to work with WHQ in order to gain access to virtually millions of owners of cars and motorcycles, and be able to cross-market our other repair, parts and insurance products to them,” he said. WQH, he said, was also interested in the high quality of AutoMart’s repair centers and growing customer base, “making this a win-win for both organizations.”

About AutoMart China

AutoMart-China (Beijing Sino-US Jinche Yingang Auto Technological Services Ltd., www.AutoMart-China.com) is the largest independent auto aftermarket company in Beijing, and recently entered a share exchange agreement to become 95% owned by Deep Field Technologies, Inc. (OTC BB: DPFD). AutoMart is a full-service automotive repair and maintenance company operating throughout Beijing. With more than 450 employees, a typical AutoMart facility is substantially larger than most other automotive repair facilities, with its largest being nearly 100,000-square feet. Along with its focus on repair and maintenance, AutoMart owns and operates automotive insurance agencies co-located within each of its repair facilities.