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From the Wires
China Auto Logistics Inc. to Present at the Rodman & Renshaw Annual Global Investment Conference on Thursday, September 10th at 3:40 pm (ET)
By: Marketwire .
Sep. 2, 2009 08:00 AM
TIANJIN CITY, CHINA -- (Marketwire) -- 09/02/09 -- China Auto Logistics Inc. (NASDAQ: CALI) (the "Company"), one of China's leading importers of luxury automobiles, a top provider of one stop automobile logistics services and dealer financing and operator of leading automobile-related websites in China, announced today that it will be presenting at the Rodman & Renshaw Annual Global Investment Conference in New York on Thursday, September 10th at 3:40 pm (ET) in the Louis Salon (fourth floor) at the New York Palace Hotel. Representing the Company will be Ken Donenfeld, CALI's US-based investor liaison. Attendees interested in 1:1 meetings should contact Ken Donenfeld @ 212-425-5700 or donfgroup@aol.com. The presentation will be broadcast on the web at http://www.wsw.com/webcast/rrshq15/cali. Description of China Auto Logistics Inc. With 2008 sales of approximately $190 million, China Auto Logistics Inc. (NASDAQ: CALI) is one of China's top sellers of luxury imported cars as well as one of the country's leading developers of websites for buyers and sellers of imported and domestic automobiles. It is also China's leading "one stop" provider of logistical services and financing to imported car dealers nationwide. The Company has made the strategic decision to de-emphasize imported auto unit sales in favor of expanding its new, highly profitable domestic auto websites, currently in 12 cities and accessible through its national website, www.at160.com, launched in May, 2009. Its subscription and advertising based www.at188.com is the number one site for imported car dealers and consumers. Already contributing significantly to profits, the Company believes further expansion of its websites, including the addition of new web-based auto-related services, will drive future growth. For additional information: www.chinaautologisticsinc.com. Contacts:
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