MWW Automotive Featured in Canadian AutoWorld Magazin
Wednesday October 10, 2008 07:00 am ET
Article Highlights Automotive Accessory Market’s Continued Growth Despite Industry Turmoil
(BUSINESS WIRE) --
Howell, MI October 8, 2008 MWW Automotive (OTCBB: MWWC), a global design, engineering, and manufacturing company serving the world’s leading automotive manufacturers, has been featured in Canadian AutoWorld magazine. The article titled “With Profits Dropping, it’s Accessories to the Rescue,” emphasizes that while car sales have stagnated in North America, accessory sales are thriving and have increased at an average of 7.5% per year.
The piece goes on to discuss how MWW has taken advantage of the growing trend to accessorize more fuel-efficient cars being made by Toyota, Nissan, BMW, and Chrysler, among others. “Dealers can make more money on the sale of accessories than on the car sale itself,” MWW Executive VP Rainer Poertner explains in the article.
“We are pleased to be highlighted in such a well-respected industry publication as Canadian AutoWorld,” notes Poertner. “This is a very pivotal time in our company’s history as we continue our aggressive expansion into untapped global markets. Inclusion in Canadian AutoWorld helps us gain visibility amongst a large audience of automobile industry leaders and enthusiasts in Canada and the U.S.”
About Canadian AutoWorld
Canadian AutoWorld publishes 12 issues annually informing automotive industry decision makers on marketing, retailing, manufacturing and servicing. Created to serve the information needs of senior management involved in building and marketing motor vehicles, Canadian AutoWorld provides news articles such as new car introductions, aftermarket products, dealership news, dealer management news, production/sales statistics and the automotive labor news to the executives in Canada's auto manufacturing companies and dealers and fleet management across the country.
For additional information regarding Canadian AutoWorld, please visit their website at www.canadianautoworld.ca.
About MWW Automotive Group
MWW Automotive Group is a full-service global design, engineering and manufacturing firm providing customized accessories for leading international vehicle manufacturers. MWW's products customize cars, sport utility vehicles (SUVs) and light trucks to meet consumer demand for vehicles reflecting their individual lifestyles and personalized needs. Noted for its innovative designs and adherence to the highest quality, MWW and its global subsidiaries provide substantial added value to the sale of vehicles for leading international automobile manufacturers such as Toyota, Kia Motors, GM, and Ford in the US and Europe.
Headquartered in Howell, Michigan and Munich, Germany, MWW delivers its products and services directly to select global automobile manufacturers' vehicle processing centers, distribution centers and/or assembly lines in the United States, Canada and Europe. The centers’ technical teams install the MWW designed and manufactured products in a variety of vehicle types and deliver the accessorized automobiles into the dealer channels in their respective countries. The company’s mission is to manifest its position as a truly global automotive company and to fully utilize its combined U.S. and European design and manufacturing resources to consistently provide the most innovative and leading edge automotive accessories for an increasingly demanding global market. The Company also provides proprietary design services directly to BMW from within the BMW design facility in Munich, Germany. For more information please visit www.mwwautomotive.com and www.modelworxx.com or e-mail email@example.com.
Laura Colontrelle, 212-825-3210
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.”
Contact: The Investor Relations Group (IRG)
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Source: MWW Automotive Group