China Auto Logistics Inc. one of China’s leading developers of websites for buyers and sellers of imported and domestic automobiles, a top seller in China of imported luxury cars, and a leading provider of auto-related services, announced that beginning today through January 24, it is providing a one-day delayed taped broadcast on its website, www.at160.com, of the 10th Anniversary Russo and Steele Collector Car Auction in the Round, in Scottsdale, Arizona, one of the most exciting auto auction events of the year.
While Chinese viewers and collectors will not be able to participate in the auction, according to China Auto Logistics Chairman and CEO Mr. Tong Shiping, “It will give them a taste for the excitement at this event and perhaps set the stage for what we hope will be the first car collector auction in China in the near future, following on the Memorandum of Understanding we signed with Russo and Steele last October.”
Russo and Steele owner Mr. Drew Alcazar, commented, “Having what already is one of the most prestigious and anticipated events in our industry being broadcast in China makes our Tenth Anniversary Auction not only exciting, but also a historical event. And, looking to the possibility of holding a world class event in China this year — with help from China Auto Logistics — we think it really will whet the appetites of collectors in China to see five continuous days of auctions and events featuring more than 600 of the world’s finest European sports, American muscle, hot rods and custom cars.”
About Russo and Steele Collector Automobile Auctions
Russo and Steele Collector Automobiles is one of the nation’s premier collector car auctions; specializing in the world’s finest European sports cars, American muscle cars, hot rods and customs. Its two auctions each year attract clients all over the globe not only because of its reputation for stellar collector automobiles, but also unique auction experiences unattainable at any other collector car auction in the world. Its auction events take place with its signature auction in Scottsdale, Arizona every January, and Monterey, California in August. For additional information please visit www.russoandsteele.com or call 602.252.2697.
Description of China Auto Logistics Inc.
With 2008 sales of approximately $190 million, China Auto Logistics Inc. 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 which are 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.