MWW Automotive Increases Production
Howell, MI (PRWEB) September 13, 2012
Chuck Pinkerton, CEO of MWW Automotive states: “While we have had to deal with significant delays on our client’s side that caused production launch delays for several new programs, we now have several programs in production and are continuing to expand our program base. I am proud of our production team that enables us to continue delivering products with the high quality standards that our clients have come to expect from us on a daily basis, so we can succeed in our mission for stability, growth and profitability. Here is a short update of the current state of production”:
- Chevrolet Malibu - awarded, produced and completed program.
- Ford Edge – awarded - produced and completed phase one - phase two coming up.
- Mazda, awarded - in production now.
- Ford F150, awarded - in production now.
- Subaru awarded - in production - now triple volume projections.
- Ford Mustang - Hoods, Spoilers, Fascias, Louvers, Grills - all awarded and in production now.
Pinkerton continues: “While we are still going through our restructuring phase with some challenges still ahead of us, we are now entering into a more continues flow of production, based on the programs that we have secured and had certified during the past 12 months. Additonal programs have been awarded with production launch pending and will be announced in seperate releases within the next two weeks. The increasing production flow should allow us to meet our revised projections for 2012 through 2014, as announced earlier. We are aware of the issues that our capital restructuring has caused for some of our early shareholders. At the same time we are confident that with the strong support that we are receiving from our largest shareholders and investors and the continuing reduction of debt, resulting in an improved balance sheet, we should be able to reach our goals and rebuild the company that we originally set out to build”.
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 high quality OE 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), Tier-1 Partners 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 standards 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, ROUSH Performance, Deere and Whirlpool. For more information please visit http://www.mwwautomotive.com or e-mail investorrelations(at)mwwautomotive(dot)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 http://www.sec.gov under “Search for Company Filings.”
Rainer Poertner, Business Development
310-306-1266 Office Los Angeles
517-540-0045 x 43 Office Detroit