MWW Automotive Group (OTCBB: MWWC), a global automotive firm
providing design services and designing and manufacturing
accessories for many of the world's leading automotive
manufacturers, today presented shareholders with a strong, positive
summary of the Company's many recent achievements in a detailed
shareholder letter. The full text of the shareholder letter can be
reviewed on the company's web site at www.mwwautomotive.com in the
section "Investor Relations"; subsection "Press Releases."
The letter cites impressive sales increases for the past six
months, and forecasts growth exceeding previous company
expectations, based on substantial numbers of contracts with major
customers, current and new.
Moreover, despite the downturn that the global automotive
industry has experienced during the last twelve (12) months, MWW
Automotive continues to report improving operational and financial
results, including an increase in Third and Fourth Quarter revenue,
and an improvement of the bottom line. In the letter, management
attributes these achievements in part to the newly emerging trend
of more frequent smaller "Special Vehicle" production runs of the
large automotive manufacturers, which fall squarely within MWW's
competence and generate a larger market for the Company. As a
result, all MWW Automotive Group companies have added new major
customers, established new distribution channels in Europe and
Mexico and continue to aggressively expand the customer base and
product line.
This trend is supported by the improving market conditions in
the general auto industry, the letter states. German auto sales
have risen 24% in October, GM posts a 5% gain and Ford has posted a
profit for nearly $1 billion for the third quarter of 2009. US auto
sales have risen for the first time since 2007 and are predicted to
rise by fifteen (15%) in 2010, according to J.D. Powers.
MWW sales have now increased for six consecutive months in a
row, including in September 2009. Major automobile and supplier
stocks have seen a notable rise and analysts are slowly beginning
to anticipate a sustainable upward trend. MWW stock is beginning to
show some volume and tightening of the spread; planned investor
relations activities are expected to improve and expedite that
trend.
"This upward trend is evidenced in our own financial
performance, which improved notably again in the Third and Fourth
Quarter of our fiscal year 2009 (FY September 30), and we expect
this improvement to accelerate during 2010," Michael Winzkowski,
Chief Executive Officer of the MWW Group, stated.
-- Revenue for the 3rd quarter rose 61%.
-- The Company's operating loss improved by 51% for the 3rd quarter over
the 2nd quarter of 2009.
-- August 2009 sales rose 24% over July 2009 sales.
-- September sales rose 10% over August sales.
-- Fourth Quarter sales increased 48% over Third Quarter sales.
-- Annual sales are expected to slightly surpass recent projections.
Furthermore, MWW has generated a large number of new
opportunities during the last twelve months:
-- All companies in the MWW Group currently have more Requests for Quotes
(RFQs) and new projects in different stages of development and production
than at any other time in our history and orders and forecasts from our
large global customers are improving.
-- A wide range of newly developed products and the newly established
distribution channels in Europe, the US and South America will further
improve the company's performance in the months and years to come.
Mr. James Marvin, COO of MWW Automotive, stated: "The changing
market conditions are generating excellent new opportunities for
the MWW Group, and we are well positioned for continued strong
growth. All companies of the MWW Group, in both the US and Europe,
are currently in negotiations with a number of important new
customers for new programs for mid- and long-term execution, and
new distribution channels have been established. We are looking
forward to aggressively taking advantage of these opportunities in
the months and years to come. MWW is not only participating in the
general recovery of the industry, but is clearly surpassing average
sales growth for the industry and accelerating the improvement of
its financial performance with increasing revenues for the last six
consecutive months."
Please read the full text of the shareholder letter on the
Company's web site (www.mwwautomotive.com) for a complete overview
of our accomplishments during 2009 and the opportunities that lie
ahead.
About MWW Automotive Group
Headquartered in Howell, Michigan, with Class A painting
facilities in Baroda, Michigan (Colortek, Inc.) and design and
assembly facilities in Munich, Germany (Modelworxx GmbH), MWW
Automotive Group (OTCBB: MWWC) delivers its products, design and
Class A painting services directly to select global automobile
manufacturers' vehicle processing centers, distribution centers
and/or assembly lines in the United States, Canada and Europe. The
customers' 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 US and European design and manufacturing resources to
consistently provide the most innovative and leading edge
automotive accessories for an increasingly demanding global market.
Noted for its adherence to the highest quality requirements, MWW
and its global subsidiaries provide substantial added value to the
sale of vehicles for leading international automobile manufacturers
such as Toyota, BMW, Hyundai, Kia Motors, GM and Ford in the US and
Europe. 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
investorrelations@mwwautomotive.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."
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.
Contact MWW Automotive Rainer Poertner Business Development Tel:
1-517-540-0045, x43 Fax: 1-517-540-0923 Email: Email Contact
www.mwwautomotive.com www.modelworxx.com www.conner24.de
www.conceptone.us Investor Relations & PR Stanley Wunderlich
CEO Consulting for Strategic Growth 1 Tel: 1-800-625-2236 Fax:
1-646-514-1177 Email: Email Contact www.cfsg1.com
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