Law Offices of Howard G. Smith Announces Investigation of AutoChina International Limited

Law Offices of Howard G. Smith announces that it is investigating potential claims against AutoChina International Limited (“AutoChina” or the “Company”) (NASDAQ:AUTC) concerning possible violations of federal securities laws. The investigation focuses on allegations that certain statements issued by the Company regarding AutoChina’s business, operations and financial performance were false and misleading.

AutoChina, through its subsidiary, AutoChina Group Inc., owns and operates a commercial vehicle financing and service centers network in the People’s Republic of China. The investigation is related to the Company’s June 30, 2011, announcement that AutoChina is being investigated by the U.S. Securities and Exchange Commission, and expects to restate its previously issued financial statements for the year ended December 31, 2009, and subsequent periods “to recognize a derivative liability relating to the Earn-out Share Provision, which was part of its initial business combination in 2009.” In addition, the Company disclosed that during AutoChina’s 2010 year-end process, the Company identified a material weakness in its internal control over financial reporting as of December 31, 2010, “due to a lack of requisite internal U.S. GAAP experience.”

If you purchased AutoChina securities, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at [phone], Toll Free at [phone], or by email to [e-mail], or visit our website at http://www.howardsmithlaw.com.