HOWELL, Mich., March 31, 2011 /PRNewswire/ -- MWW Automotive Group (OTCQB: MWWC), a global design, engineering, and manufacturing firm for automotive accessories and industrial equipment serving some of the world's leading automotive manufacturers, today announced that is expanding its market reach into the industrial manufacturing industry.
MWW is currently in negotiations with and has submitted RFQs (Request for Quotes) to several Fortune 500 corporations servicing the industrial, commercial and agricultural marketplaces. MWW's RFQs are not only for its world class painting and coating services, but also for full scale fulfillment and inventory management programs utilizing the Company's 45,000 square foot painting and assembly facility.
"Besides continuing to expand and streamline MWW's established automotive business and adding new foreign and domestic partners to our client roster, we have been aggressively pursuing the expansion of our core business, Class A painting, into the industrial manufacturing industry," said Chuck Pinkerton, CEO of MWW. "Utilizing our already existing infrastructure, expertise and production capability, the expansion of our programs into the industrial market segment is the next logical step to fully take advantage of our existing production capacity and diversifying our customer base."
"Based on our track record in the automotive industry, we have been contacted by several major US industrial companies and have been quoting a number of large projects for this market segment. Our experience in the automotive industry, its high quality requirements and the need for 'just-in-time' inventory and delivery logistics makes us an ideal partner for the changing production needs of the industrial market segment. These new, high margin projects will have a strong positive impact on our revenues beginning in late 2011 and for years to come," concluded Pinkerton.
About MWW Automotive Group
Headquartered in Howell, Michigan, with a "Class A" painting/assembly facilities in Baroda, Michigan, MWW Automotive Group (OTCQB: MWWC) delivers its in-house designed accessory products and Class A painting and assembly services directly to major global automobile and/or their Vehicle Processing Centers (VPC) and assembly lines in the United States, Canada and Europe. The manufacturers and the VPCs install the MWW products in a variety of vehicle types that are delivered to them directly by the domestic and foreign automobile manufacturers for distribution and delivery into the dealer channels in North America. 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 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, Hyundai, Kia Motors, GM, Ford, Deere and Whirlpool. 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