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Chamco Auto is Moving Forward: An Open Letter from Chamco’s Chairman

July 17, 2008

Chamco Auto Corporate Headquarters, Parsippany, NJ -- After a very difficult four months, Chamco Auto is now rebuilding and planning for the future. We remain dedicated to becoming a major North American importer of high quality, affordable vehicles, some of which will be powered by alternative technologies.

After a highly frustrating period, where communications by all parties were explicitly prohibited by the Court, progress is being made:

my team has now been authorized to communicate and move forward with our dealers, vendors, Chinese and other manufacturers, and potential new investors

mail is once again being delivered to us in Parsippany

we are updating our internet website

we will travel to China and Mexico to discuss business strategy with partners and potential investors

Chamco remains committed to protecting the interests of all its dealers, vendors,...
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