China Auto Logistics, Inc. (CALG.OB) Receives Approval for Listing on the NASDAQ Capital Market
China Auto Logistics Inc., a Chinese importer of luxury automobiles, provider of one stop automobile logistics services and dealer financing, and operator of three of China's leading automobile-related websites, announced this morning that the company's common stock has been approved for listing on The NASDAQ Capital Market. According to the press release, the stock will commence trading at the open tomorrow with a new trading symbol: CALI. Mr. Tong Shiping, CEO and President of the Company, commented, "We are extremely pleased to have received approval to list on NASDAQ for a variety of reasons. First, we believe NASDAQ is recognized…