Friendly Auto Dealers, Inc. Merger Delegation Travels to China to Begin Due Diligence With Excellent Auto Consulting, Inc.

• Press Release
• Source: Friendly Auto Dealers, Inc.
• On 11:00 am EDT, Friday September 18, 2009

LAS VEGAS, NV--(Marketwire - 09/18/09) - Friendly Auto Dealers (OTC.BB:FYAD - News) announced today that it named Mr. Stephen Chu its Special Advisor and Consultant for mergers and acquisitions. On September 17, 2009, Mr. Chu embarked on a trip to the Peoples Republic of China to begin the Corporation's due diligence leading to the prospective acquisition of Excellent Auto Consulting, Inc. and its existing business operations both in the People's Republic of China, and potential business opportunities worldwide.

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Symbol	Price	Change
FYAD.OB	0.09	0.00

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On September 8, 2009, the Corporation announced that it had signed a Memorandum of Understanding to acquire Excellent Auto Dealers, Inc., a corporation formed and operating in good standing in the British West Indies whose principal place of business is in the Peoples Republic of China and more particularly in the Province of Guangzhou.

Excellent Auto Dealers' business is primarily comprised of the ownership and operation of a cluster of automobile dealerships in the Province of Guangzhou. There, Excellent Auto Consulting, Inc., by and through its contractual ties with various foreign and domestic automobile manufacturers, including South Korean KIA Motors, sells vehicles on the Chinese retail market, now poised to become the largest marketplace worldwide. Presently, China is the second largest market in automobile sales, following only the United States. However, based upon recent sales figures, many industry analysts believe that China will surpass the United States in overall worldwide sales this year. It has also been noted that the Chinese automobile market has weathered the worldwide economic downturn better that most other western industrialized nations, including the United States.

Excellent Auto Dealers, Inc. has plans to establish and build "Automobile Sales Malls" both in the Province of Guangzhou and elsewhere in the People's Republic of China and potentially worldwide that would increase and build upon the success it has achieved in the Province of Guangzhou.

The Corporation's Chief Executive Officer, Mr. Tony H. Lam, tabbed Mr. Chu to head up the Corporation's due diligence team based on his long-standing professional relationship with Mr. Chu, who provides a wide array of experience in international business transactions emphasizing relations with the Peoples Republic of China.

Tony Lam, Friendly Auto's Chairman and Chief Executive, commented: "I am excited that the Company is being represented by Mr. Stephen Chu in order to initiate and move our due diligence obligations forward. I know Steve has the credentials and diplomacy to determine what areas of the process need concentrated effort. I hope that his involvement will help streamline the process so that we can move forward expeditiously."

The express terms of the Memorandum of Understanding provide that the parties goal is to expeditiously complete due diligence and arrive at a final Definitive Material Agreement by December 31, 2009, with provisions for extensions of time should the need arise and the parties be inclined to continue towards completion.

About Friendly Auto Dealers

Friendly Auto Dealers is a start-up company incorporated on August 6, 2007, under the laws of the State of Nevada. The principal offices are located at 4132 South Rainbow Boulevard, Suite 514, Las Vegas, Nevada. The telephone number is (702) 321-6876. The fax number is (702) 939-0655. Friendly Auto Dealers is a developer and seller of customized apparel and consumer products and logos in China.

Safe Harbor Statement

To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.

 
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