BEIJING, June 15, 2009 (GLOBE NEWSWIRE) -- AutoChina International Limited ("AutoChina" or the "Company") (formerly Spring Creek Acquisition Corp.) (OTCBB:SCRQF) (OTCBB:SCRWF) (OTCBB:SCRUF), a leading one-stop commercial vehicle financing and passenger automobile sales company in China, today announced that it will commence trading on the OTCBB under its new symbols AUCLF (common stock), AUCWF (warrants), and AUCUF (units) tomorrow morning, June 16, 2009. The Company's previous symbols were SCRQF, SCRWF, SCRUF.
About AutoChina International Limited:
AutoChina International Limited (OTCBB:SCRQF) (OTCBB:SCRWF) (OTCBB:SCRUF) is a leading one-stop commercial auto sales and financing and passenger auto sales company in China. AutoChina's operating subsidiary was founded in 2005 by nationally recognized Chairman and CEO, Yong Hui Li.
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; * 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.