AUTC Autochina International Limited (MM)

AutoChina International Limited (“AutoChina” or the “Company”) (NASDAQ: AUTC), China’s largest commercial vehicle sales, servicing, leasing, and support network, today announced that the Company’s Chief Financial Officer, Jason Wang, is scheduled to participate in the following investor events:

 

Rodman & Renshaw Annual China Investment Conference

  Date:   March 6 – 8, 2011 Location: Le Royal Meridien Shanghai Shanghai, China  

ROTH Capital Partners 23rd Annual OC Growth Stock Conference

  Date: March 13 – 16, 2011 Corporate presentation on Tuesday, March 15, at 8:00 a.m. PST Location: The Ritz Carlton Dana Point, Calif.  

Regarding the recent decline in the Company’s share price, Mr. Yong Hui Li, AutoChina’s Chairman and CEO, stated, “We would like to assure investors that we are not aware of any unannounced corporate or economic developments that would account for the recent decrease in AutoChina’s stock price. We are very pleased with the operations of our business and would like to emphasize that the fundamentals in our commercial vehicle finance structure remain intact. We also remain optimistic about our future prospects. Our expansion efforts are supported by a strong financial position, and we look forward to meeting with investors and announcing our fully audited 2010 fourth quarter and year-end financial results next month.”

About AutoChina International Limited:

AutoChina International Limited is China’s largest commercial vehicle sales, servicing, leasing, and support network. AutoChina’s operating subsidiary was founded in 2005 by nationally recognized Chairman and CEO, Yong Hui Li. The Company owns and operates 300 commercial vehicle financing centers across China; and primarily provides sales-type leasing and support services for local customers. The Company’s website is http://www.autochinaintl.com.

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 commercial vehicle 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;
• 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.