Deep Field Technologies (CE) (USOTC:DPFD)
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AutoMart-China (OTC BB: DPFD), the largest independent auto aftermarket
company in Beijing, said today that it has signed a Letter of Intent
with a Chinese government-authorized company as its first step in being
able to perform mandatory safety and exhaust inspections at its repair
and maintenance centers.
AutoMart (www.AutoMart-China.com)
said the non-binding LOI is with Beijing Wan Quan He Automotive
Certificate Company (WQH), which is authorized by Beijing’s
municipal government and Ministry of Communications to conduct annual
tests for cars and motorcycles there. WQH is also authorized to conduct
motor vehicle exhaust testing, as authorized by the State Environmental
Protection Administration of China.
AutoMart, with more than 450 employees serving the auto aftermarket in
Beijing, is currently working to finalize the agreement and add
mandatory safety and exhaust inspections to its other services,
including auto repair, parts, and insurance, said the company’s
Chairman and CEO Pang Guisan.
Opportunity to Serve an Emerging Market
“Annual safety and exhaust inspections are
required by the government for the more than 4 million cars and
motorcycles in Beijing,” Mr. Pang said. “AutoMart
is excited about the opportunity to partner with WQH and serve this
emerging market.
“AutoMart plans to work with WHQ in order to
gain access to virtually millions of owners of cars and motorcycles, and
be able to cross-market our other repair, parts and insurance products
to them,” he said. WQH, he said, was also
interested in the high quality of AutoMart’s
repair centers and growing customer base, “making
this a win-win for both organizations.”
About AutoMart China
AutoMart-China (Beijing Sino-US Jinche Yingang Auto Technological
Services Ltd., www.AutoMart-China.com)
is the largest independent auto aftermarket company in Beijing, and
recently entered a share exchange agreement to become 95% owned by Deep
Field Technologies, Inc. (OTC BB: DPFD). AutoMart is a full-service
automotive repair and maintenance company operating throughout Beijing.
With more than 450 employees, a typical AutoMart facility is
substantially larger than most other automotive repair facilities, with
its largest being nearly 100,000-square feet. Along with its focus on
repair and maintenance, AutoMart owns and operates automotive insurance
agencies co-located within each of its repair facilities.
This press release contains forward-looking statements within the
meaning of section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. With the exception of historical
information contained herein, the matters discussed in this press
release involve risk and uncertainties. Actual results could differ
materially from those expressed in any forward-looking statement.