Autochina Intl (PINK:AUTC)

SHIJIAZHUANG, China--(BUSINESS WIRE)--AutoChina International Limited (“AutoChina” or the “Company”) (OTC: AUTC), China’s largest commercial vehicle sales, servicing, leasing, and support network, today announced that it is continuing to work closely with its advisors to seek all appropriate means to expedite the process of filing its Form 20-F for the year ended December 31, 2010, prior to its Nasdaq hearing date, which has been rescheduled to December 1, 2011. On November 2, 2011, the Company received a letter from Nasdaq stating that, in addition to the Company not being in compliance with Listing Rule 5250(c)(1), Nasdaq determined that certain trading activity in the Company’s ordinary shares raised public interest concerns which could be an additional basis for delisting the Company’s securities pursuant to Nasdaq Listing Rule 5101. The Company will address these additional concerns at the appeals hearing.

There is no assurance that the Company will succeed in regaining compliance by the Nasdaq hearing date or in appealing Nasdaq’s delisting determination. Since October 4, 2011, the Company’s shares have been suspended from trading on Nasdaq and have traded on the OTC Pink market.

AutoChina International Limited (“AutoChina” or the “Company”) (NASDAQ: AUTC), China’s largest commercial vehicle sales, servicing, leasing, and support network, today announced that on September 8, 2011, the Company received a letter from the Listing Qualifications Department of The NASDAQ Stock Market LLC (“Nasdaq”) stating that based on the review of public documents and a plan of compliance provided by the Company, Nasdaq’s staff (the “Staff”) determined that providing the Company until December 31, 2011 to file its Annual Report on Form 20-F for the period ended December 31, 2010 was not warranted and that the Company’s securities would be delisted from Nasdaq on September 19, 2011 unless the Company appealed the determination. AutoChina intends to appeal the staff determination regarding the delisting of the Company’s securities.

SHIJIAZHUANG, China--(BUSINESS WIRE)-- AutoChina International Limited (“AutoChina” or the “Company”) (NASDAQ:AUTC - News), China’s largest commercial vehicle sales, servicing, leasing, and support network, today announced that on July 15, 2011, the Company received a written notification from the Nasdaq Stock Market stating that it is not in compliance with the filing requirements for continued listing under Nasdaq Marketplace Rule 5250(c)(1). The Nasdaq notification, which the Company expected, was issued in accordance with standard Nasdaq procedures due to the Company not filing its Annual Report on Form 20-F for the year ended December 31, 2010 with the U.S. Securities and Exchange Commission (“SEC”) within the required time period

Nasdaq has provided the Company until August 15, 2011 to submit a plan to regain compliance, and the Company expects to be able to meet that deadline. Once a plan of compliance is submitted, Nasdaq will review that submission, and, if it determines that the plan is acceptable, the Company will have up to 180 days from the date it was due to file the Form 20-F for the year ended December 31, 2010, including its audited financial results, to regain compliance.