MWW Automotive First and Second Quarter 2013 Show Increase in Revenue Increase of 37% in Second Quarter
HOWELL, Mich., June 7, 2013 /PRNewswire/ -- MWW Automotive Group (OTCQB: MWWC); a global design, engineering and manufacturing firm serving some of the world's leading automotive and industrial manufacturers and design firms, announced today that its second quarter performance has shown an increase of $65,623 or thirty seven percent (37%) compared to the same period in the year before. Revenues have also increased on a six months comparison basis.
Chuck Pinkerton, states: "As we have already reported with the filing of our Q2 financial results, our revenues have increased again for the second quarter 2013, as they have for our first quarter 2013. At the same time I would like to point out that we are still not close to our production and revenue potential. Several of the projects that have been awarded to us during 2012 have commenced with production after the close of the 2nd quarter 2013 and will only begin to have a more substantial positive impact on our revenue, cash flow and bottom line in our 3rd and 4th quarter of this year (ending June 30 and September 31, 2013 respectively). Please refer to our current filing with the SEC at www.sec.gov for more details.
"We have now secured substantial new business as fixed orders for the months ahead and we will provide more details in a follow up press release next week."
About MWW Automotive Group (MWW)
The MWW Automotive Group's (OTCQB: MWWC) administrative offices are located in Howell, Michigan, with a 46,000 square foot Class A manufacturing and logistics facility in Baroda, Michigan for the production of high quality OE automotive and industrial products. MWW delivers its products and Class A painting, assembly and logistics services directly to major US and Foreign automobile manufacturers' Vehicle Processing Centers (VPC), leading edge show car and performance accessory design firms, and/or assembly lines in North America. MWW's industrial products are delivered directly to the industrial manufacturers for installation in their facilities. MWW provides substantial added value to the sale of vehicles and industrial products for leading international automobile and industrial manufacturers such as Toyota, Chevrolet, Hyundai, Kia Motors, MAZDA, GM, Ford, FIVE AXIS and their strategic partners ROUSH Performance and Polytec/FOHA. For more information 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) generate sufficient revenues to fund operations (ii) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (iii) build the management and human resources and infrastructure necessary to support the growth of its business; (iv) competitive factors and developments beyond the Company's control; and (v) 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