AutoChina International Reminds Warrant Holders of the Warrant Redemption Date
08 Januar 2010 - 2:30PM
Business Wire
AutoChina International Limited (“AutoChina” or the “Company”)
(NASDAQ: AUTC), a leading one-stop commercial vehicle sales and
leasing company in China offering its customers affordable
lease-to-own options, reminds warrant holders that the last day to
exercise the Company’s warrants (NASDAQ: AUTCW) is today, January
8, 2010. The warrants will cease trading after today. After the
Redemption Date, warrant holders who have not exercised will be
paid $0.01 per warrant, and the warrant will be extinguished.
Prior to the Redemption Date, holders of the warrants may
exercise them for ordinary shares by sending the warrants, together
with payment in full of $5.00 per warrant, to American Stock
Transfer and Trust Company LLC, the Company’s transfer and warrant
agent. A five-day broker protect period is in place for warrant
holders who exercise prior to the Redemption Date. If you have any
questions regarding the redemption, please call American Stock
Transfer and Trust Company LLC at (877) 248-6417 or (718)
921-8317.
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. 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 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.
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