MWW Automotive Group Enters Into Distribution Contract With "ABT Sportsline GmbH" for Worldwide Distribution of Modelworxx's VW
22 Juni 2009 - 2:00PM
Marketwired
MWW Automotive Group (OTCBB: MWWC) (MWW), a leading supplier of
customized OE accessories for the global automotive industry,
announced today that its wholly owned subsidiary, Modelworxx GmbH,
in Munich, Germany has entered into an agreement with ABT
Sportsline GmbH for worldwide distribution of its leading edge
products.
Modelworxx has developed and is manufacturing a line of
innovative high-tech running boards for a variety of automobiles
such as Toyota, Volkswagen, Audi, KIA, Opel, Mitsubishi and
Mercedes, in addition to providing design services to BMW in
Munich.
Under the agreement, ABT will carry the entire Modelworxx
product line and also select U.S. designed and manufactured
products for worldwide distribution. First orders of running boards
for the VW Tiguan and VW Tuareg have been placed. ABT will also
distribute the Modelworxx-designed running boards for the Audi Q5
and Audi Q7, as soon as they will be made available for sale by
Modelworxx.
"We are happy to have formed this agreement for the worldwide
distribution of our products through such an established and
credible company as ABT," says Gerold Haas, CEO of Modelworxx. "In
addition to the first products we are currently making available to
ABT, we have already developed running boards for the AUDI Q7,
Hyundai Tucson, KIA Sorento, Opel Antara, Nissan Qashqai, Toyota
Rav4 and VW Tuareg and Tiguan, with additional boards for the Audi
Q5 and Mercedes GL to follow soon. All products will be made
available through ABT for worldwide distribution. We are looking
forward to a mutually beneficial and long-lasting business
relationship."
ABT Sportsline GmbH, currently in the fourth generation of its
existence, is one of the world's largest distributors of VW
accessories and performance tuning of VW vehicles. The company is
managed by Hans-J�rgen Abt and his brother Christian Abt, a former
pilot. ABT has been consistently growing since inception, even in
this exceptional year of crisis for the automobile industry. In
2009 ABT has founded ABT ASIA Ltd., a subsidiary which manages
distribution for the entire South-East Asian region. Newly opened
showrooms in Dubai, Hungary and Poland, among others, are testament
to the successful product and expansion policy the largest tuner of
Volkswagen vehicles in the world is pursuing.
Modelworxx activities include design services for BMW,
participating in the design of most new BMW and Mini models,
including the design and building of complete show cars. Its design
team operates from within the BMW design headquarters in Munich,
Germany. From its outside assembly facility, MWX also provides
rapid proto-typing and logistics services to BMW. At the same
facility MWX designs and manufactures innovative and high quality
accessories for a range of different car models for the global
automotive industry with a focus on the European market. MWX also
handles all logistics for the sales of its own and MWW's U.S.
designed and manufactured products into Europe and Russia.
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, VW, Audi, Kia Motors, Ford, BMW, Mini and Rolls Royce in
the U.S. and Europe. Headquartered in Howell and Baroda, Michigan
and Munich, Germany, the MWW Group companies deliver their products
and services directly to these select global automobile
manufacturers' vehicle processing centers, distribution centers
and/or assembly lines in the United States, Canada and Europe. The
vehicle processing 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 global automotive company and to optimally
utilize its combined U.S. and European design and manufacturing
resources and strategic alliances to consistently provide the most
innovative and leading edge automotive accessories for an
increasingly demanding global market. Through Modelworxx, 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, www.modelworxx.com
and www.conner24.de or e-mail
investorrelations@mwwautomotive.com.
Consulting For Strategic Growth1, Ltd. ("CFSG1") provides
Marketing Worldwide Corporation with consulting, business advisory,
investor relations, public relations and corporate development
services. Independent of CFSG1's receipt of cash compensation from
MWW, CFSG1 may choose to purchase the Company's common stock and
thereafter liquidate those securities at any time it deems
appropriate to do so.
Safe Harbor Statement
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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."
COMPANY MWW Automotive Rainer Poertner Business Development
310-306-1266 LA Office 517-540-0045 x43 Howell Office Fax
310-822-1633 Email Contact www.mwwautomotive.com www.modelworxx.com
www.conner24.de INVESTOR RELATIONS Consulting For Strategic Growth
Stanley Wunderlich, CEO 880 Third Avenue, 6th Floor New York N.Y.
1002 Phone: 800-625-2236 Phone: (646) 205-7770 Fax: (646) 205-7771
Email Contact www.cfsg1.com
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