China Auto Logistics (CALI) Gets Minimum Bid Notice from Nasdaq; CEO Shiping Says Shares 'Undervalued'

China Auto Logistics Inc. (Nasdaq: CALI) has received a letter from the Nasdaq Stock Market stating that for 30 consecutive business days prior to May 15, 2012, the bid price of the Company's common stock closed below the minimum $1.00 per share requirement for continued inclusion on Nasdaq pursuant to Nasdaq Marketplace Rule 5450(a)(1).

Tong Shiping, Chairman and CEO of the Company, commented further, "We believe that with our outstanding record of sales growth -- including a year over year increase of 75% in 2011, and a 32% year over year increase in our first quarter sales this year -- as well as a PE ratio of only 1.6x 2011 earnings, and a continuing growth outlook for luxury auto sales in China, we believe our shares are very significantly undervalued. Going forward, as we continue to focus on growing our business, we believe investors will recognize our strengths and CALI shares will be valued more appropriately."

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