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AutoChina International To List On the NASDAQ Capital Market; New Ticker Symbol to be “AUTC”

BEIJING--AutoChina International Limited (“AutoChina” or the “Company”) (OTCBB: AUCLF, AUCWF, AUCUF), a leading one-stop commercial vehicle sales and leasing company in China offering its customers affordable lease-to-own options, today announced that it has received approval to list its common stock, warrants, and units on the NASDAQ Capital Market.

The securities are expected to commence trading on the NASDAQ Capital Market on October 5, 2009, under the symbols “AUTC” (common stock), “AUTCW” (warrants), and “AUTCU” (units). Prior to its move to the NASDAQ, the Company was traded on the OTC Bulletin Board under the symbols AUCLF, AUCWF, and AUCUF.

AutoChina’s Chairman and CEO, Mr. Yong Hui Li, noted, “We are delighted to make the shift over to the NASDAQ Capital Market. This transition marks an important milestone for our Company. We believe that trading on NASDAQ will lead to increased improved liquidity, an expansion in our shareholder base and, ultimately, to increased shareholder value. We look forward to our future with confidence.”

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.