Asia Automotive Acquisition Corporation and Merger Partner Announce Shipments of New Cab Model to Chinese Commercial Vehicle Customers

NEW YORK, Jan. 18, 2008 -- Asia Automotive Acquisition Corporation (BULLETIN BOARD: AAAC, AAACU, AAACW) ("AAAC"), announced today that its merger partner, Hunan Tongxin Enterprise Co., Ltd. ("Tongxin"), ramped up shipments during the fourth quarter of 2007 of a new commercial vehicle cab structure. Using its flexible design capability and flexible manufacturing systems, Tongxin is able to utilize the same basic cab structure while providing each customer a unique and distinct external appearance.

For the fiscal year ended December 31, 2007, Tongxin had shipped approximately $9 million in revenue of the new cab structures to several Chinese commercial vehicle customers and anticipates shipping approximately $5 million in revenue during the first quarter, 2008 to current and additional customers. Tongxin's ability to provide this model to its customers has generated additional sales of existing commercial cab models as well.

The new cab structure is manufactured and assembled complete by Tongxin, including final paint and interior, allowing its customers to assemble the cab directly to a commercial truck chassis for final sale to the end user.

About the Company

AAAC is a blank check company organized in June 20, 2005 for the purpose of effecting a merger, capital stock exchange, equity acquisition or other similar business combination with one or more operating business within the global automotive component industry that have their primary operating facilities located in China, India or the Association of South Eastern Nations. AAAC's IPO went effective in April 2007. On July 25, 2007, AAAC announced that it signed an Equity Acquisition Agreement pursuant to which Tongxin and AAAC will merge into a newly created British Virgin Islands company, Tongxin International, Ltd.

Tongxin was established under the laws of the PRC on November 27, 1984 as Changsha Meihua Automobile Factory Co., Ltd. On November 2, 2000, Tongxin was converted into a stock holding company. Currently, Tongxin is the largest private Chinese independent supplier of Engineered Vehicle Body Structures solely in the PRC. It is capable of providing exterior body panels for both passenger and commercial vehicles in addition to designing, fabricating and testing stamping dies for processing of body panels. Tongxin also manufactures complete cab structures for commercial vehicles.

Additional information regarding AAAC, Tongxin and Tongxin International is available in the Preliminary Proxy Statement/Prospectus that AAAC filed with the Securities and Exchange Commission on January 8, 2008. A copy of the filing in its entirety is available at www.sec.gov.

Contacts: Bill Herren/Rudy Wilson (248) 593-8330