20090114_MWW


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MWW Automotive Group Reports Results For FY 2008: Sales and Gross Profit Margins Increase; Bottom Line Improves by More Than 60%

Wednesday, January 14, 2009, 09:35 am EST

HOWELL, MI--(MARKET WIRE)--Jan 14, 2009 -- MWW Automotive Group (OTC BB:MWWC.OB - News), a global design, engineering and manufacturing firm serving many of the world's leading automotive manufacturers, announced today the financial results for its Fiscal Year (FY) ending September 30, 2008.

Net sales for the year rose to $8,305,661, an increase of $851,608, or 11.4%, from $7,454,053 in FY 2007. Gross profit margin for the year improved by 7.63% compared to the prior year.
Gross profit for the year was $2,661,594 (32%) compared to $2,219,689 (29.8%) for FY 2007. Management attributed the increase to a positive change in the company’s sales mix. MWW sold a greater percentage of its higher margin spoiler products in 2008 and successfully reduced manufacturing costs. (Spoilers are highly popular design accessories mounted to the rear of a car to give an aerodynamic, sporty look.)
Operating expenses decreased during the year to $4,818,937, compared to $5,166,246 in fiscal year 2007.
The Company’s bottom line improved by more than 60%, as net loss for FY 2008 dropped to $(2,674,960) from $(6,922,646) in FY 2007.

James Marvin, CFO/COO of MWW Automotive Group, said, "We are very pleased to announce these results to our shareholders. Despite the turmoil in the automotive markets this year, MWW has made good progress toward our goals of becoming a global company and returning to profitability in Fiscal Year 2009. Based on the current global financial conditions, we expect the first half of FY 2009 to be somewhat difficult, but once past that, we believe the Company is well positioned for continued growth. With potential large new customers for all our subsidiaries in both the U.S. and Europe, as well as numerous new products already launched or in the pipeline, carrying the signature quality for which MWW is recognized, we are very optimistic about the coming year. The changing market place presents excellent opportunities for MWW, when a more global and unified approach to model platforms and manufacturing, reduced competition and our commitment to excellence, innovation and entrepreneurship will allow us to thrive.”

MWW accomplishments in FY 2008:

MWW (Colortek) signs Strategic Alliance Agreement” with American Autocoat, a large Tier 1 company for most domestic auto manufacturers.
Modelworxx (MWX) in Germany finishes Design of six new Running Boards for Toyota Rav4, VW Tiguan & Touareg, Chevrolet Captiva, Opel Antara and KIA Sportage.
MWX opens 2nd design and production facility outside BMW, begins assembling and shipping running boards.
MWW (Colortek) Signs Strategic Alliance Agreement with 3DCarbon.
MWX Receives Approval from German TUV for its products.
MWX, in its second assembly facility, builds crash cars for VW in Germany.
MWW is Awarded Side Body Moldings for Toyota Corolla/Matrix by SET and GST.
MWX launches online site “Conner” (www.conner24.de ) and commences with online sales for MWW products in Europe.
MWW has initial meeting in Russia with Toyota Russia and other Russian Distributors for distribution of MWW products in Russia.
MWW Signs Exclusive Distribution Agreement with AVG/Bongiovi Acoustics for the distribution of its revolutionary car audio equipment to MWW key customers.
MWW Signs Representation Agreement with GT Sales Corp for broader US representation.

In FY 2009, MWW expects to:

Finalize distribution agreement with Toyota Russia and Toyota Europe, currently in negotiation.
Begin selling MWW US designed and produced products in Europe through MWX; all preparations for this have been finalized.
Expand MWX design facilities to another large German automobile manufacturer.
MWW is currently quoting several large projects with two of the largest US manufacturers and hopes to get approval of projects within the next 1-3 months.
MWW (Colortek) is currently branching out into the transportation sector and hopes to conclude negotiations with one of the largest transportation companies in the US.
Expand its business into the general transportation sector and other related industries.
Acquire several new, large domestic and international customers and expand its existing product line for its current customers.
Finalize negotiations for a cooperative agreement with a large European development firm for revolutionary and proprietary new technology.
Execute one or two more select acquisitions, currently in the beginning stages of negotiation.

About MWW Automotive Group

MWW Automotive Group (OTC BB:MWWC.OB - News) 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 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.

More information and a full presentation about MWW Automotive Group is available at www.mwwautomotive.com; please email any questions about the company to investorrelations@mwwautomotive.com or contact Consulting for Strategic Growth 1 at info@CFSG1.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.”

Contact MWW Automotive

Rainer Poertner
Executive Vice President

310-306-1266 LA Office
517-540-0045 x43 Howell Office
Fax 310-822-1633

www.mwwautomotive.com

info@mwwautomotive.com

INVESTOR RELATIONS:

Stanley Wunderlich

CEO

Consulting for Strategic Growth 1

Tel: 1-800-625-2236

Fax: 1-646-205-7771

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