Mazda Selects MWW as Key OE Supplier
HOWELL, Mich., Nov. 30, 2011 /PRNewswire/ -- MWW Automotive Group (OTCQB: MWWC), a global design, engineering, and manufacturing firm serving some of the world's leading automotive and industrial manufacturers, announced today that it has been selected as a key supplier for the production and delivery of three key Mazda MX-5 Aero parts to Mazda North America.
MWW will produce a front air dam kit, side sill kit and rear spoiler kit for the new Mazda MX-5 in its ISO certified Class A manufacturing facility in Baroda, MI, for delivery to Mazda's North American, European and Asian Markets.
This is the first OE contract with MAZDA for MWW, after its production facility has been certified by the Mazda engineering and technical teams. It is the fourth new automotive program that has been awarded to MWW in the last two months with the start of production for the new Chevy Sonic, the Ford 150 and the Ford Mustang.
Charles Pinkerton, CEO of MWW Automotive stated: "We are very excited that Mazda has selected us out of all US manufacturers for this program and we are committed to deliver a world-class product. As a key supplier for this program, we have developed a service strategy with cost competitive pricing and on-time service part availability, both during current and post-production periods, according to General Mazda guide lines. Over the last year we have expanded and customized our production lines according to the specific production requirements for these high quality OE direct programs. As a consequence the production of these special parts for Mazda falls squarely into our core competency, without having to make additional large capital investment.
In addition, the quoting and facility certification process for several additional programs with new global automotive and industrial manufacturers has been concluded, partial pre-production and prototype testing has begun and we expect to begin full production with those programs beginning in January and throughout 2012.
While our share price currently does not seem to reflect the potential that is inherent in the large number of RFQs that we have processed during this year, or the number of programs for major global manufacturers that we already have begun production with, we truly believe that 2012 will demonstrate the results of the restructuring efforts of MWW's devoted management team during 2011. The potential of the company will become clear and establish the expectation of improving financial performance with increasing revenues and net results. We will provide more detailed information about the progress and future plans of the company in a shareholder conference call in January embedded in a focused marketing campaign.
About MWW Automotive Group (MWW)
MWW's is headquartered in Howell, Michigan, with a "Class A" painting/assembly/logistics facility in Baroda, Michigan for the production of OE quality automotive and industrial products. The MWW Automotive Group (OTCQB: MWWC) delivers its in-house designed accessory products and Class A painting, assembly and logistics services directly to major global automobile manufacturers' Vehicle Processing Centers (VPC) and/or assembly lines in the United States, Canada and Europe. MWW's industrial products are delivered directly to the manufacturers for installation in their facilities. Noted for its adherence to the highest quality requirements and its advanced logistics capabilities, MWW products and services consistently meet and exceed customers' expectations and requirements. MWW provides substantial added value to the sale of vehicles and industrial products for leading international automobile and industrial manufacturers such as Toyota, BMW, Chevrolet, Hyundai, Kia Motors, GM, Ford, and Mazda. For more information please visit www.mwwautomotive.com or e-mail email@example.com.
Safe Harbor Statement: Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov under "Search for Company Filings."
SOURCE MWW Automotive Group