AutoChina International Announces Results of OCA Appeal, Cancels Earn-out Provision for the Year Ending December 31, 2011

AutoChina International Limited AUTC, China's largest commercial vehicle sales, servicing, leasing, and support network, today announced that it has concluded its appeal with the Office of the Chief Accountant of the U.S. Securities and Exchange Commission regarding the accounting treatment for the Earn-out Share Provision. The Company also announced that it has entered into an agreement to cancel the Earn-out for the year ending December 31, 2011.