AutoChina International Added to Russell Global Index
SHIJIAZHUANG, China--([ BUSINESS WIRE ])--AutoChina International Limited (aAutoChinaa or the aCompanya) (NASDAQ: AUTC), Chinaa™s largest commercial vehicle sales, servicing, leasing, and support network, today announced that it was included in the Russell Global Index when Russell Investments reconstituted its comprehensive set of U.S. and global equity indexes on June 25, 2010.
"AutoChina is very pleased to be included in the Russell Global Index, which we expect will provide additional awareness and visibility for our company. We are hopeful that this will continue to provide increased liquidity and enhanced exposure to institutional investors."
Membership in the Russell Global Index remains in place for one year. The Russell Global Equity indexes are a family of global indexes that are designed to represent the investable market by providing index coverage of 98% of investable securities worldwide. They include approximately 10,000 securities in 63 countries and 22 regions, developed and emerging markets, small- large- and all-cap companies. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies.
Mr. Yong Hui Li, Chairman and CEO, noted, aAutoChina is very pleased to be included in the Russell Global Index, which we expect will provide additional awareness and visibility for our company. We are hopeful that this will continue to provide increased liquidity and enhanced exposure to institutional investors."
About AutoChina International Limited:
AutoChina International Limited is Chinaa™s largest commercial vehicle sales, servicing, leasing, and support network. AutoChinaa™s operating subsidiary was founded in 2005 by nationally recognized Chairman and CEO, Yong Hui Li. The Company owns and operates 193 commercial vehicle financing centers across China; and primarily provides sales-type leasing and support services for local customers. The Companya™s website is [ http://www.autochinaintl.com ].
About Russell:
Russell Investments provides strategic advice, world-class implementation, state-of-the-art performance benchmarks and a range of institutional-quality investment products. Russell has $179 billion in assets under management as of March 31, 2010, and serves individual, institutional and advisor clients in more than 40 countries.
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 Companya™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 Companya™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.