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MWW AUTOMOTIVE GROUP AWARDED CONTRACTS FOR CUSTOMIZED ACCESSORIES FOR 2009 TOYOTA MODELS. PROGRAMS EXPECTED TO CONTRIBUTE $7-9 MILLION IN REVENUES OVER PRODUCT LIFE SPAN
HOWELL, Mich., February 5, 2008 - MWW Automotive Group, (OTC BB:MWWC.OB - News), a global design and engineering firm that customizes accessories for leading international automobile manufacturers, today announced that it has been contracted to design, manufacture and deliver several key customized accessory programs for Toyota 2009 models, which will begin to be sold in 2008.
Each program is awarded for the car model's lifespan, typically three to five years. The contracts, awarded through three of Toyota's largest U.S. Vehicle Processing Centers - South East Toyota, Gulf States Toyota and Toyota Canada International - are expected to run through 2013. The contracts include the third generation of Corolla spoilers awarded to MWW. Toyota's Corolla is one of the best selling cars in the world, and MWW expects these new programs to contribute from $7 million to $9 million to MWW's revenues over the lifespan of the product.
The new accessory programs consist of:
- A lip spoiler for the 2009 Toyota Corolla.
- A bridge spoiler for the 2009 Toyota Corolla.
- A Rear spoiler for 2009 Toyota Matrix.
Spoilers are accessories usually added to the rear of a car to create an aerodynamic look. They are one of the most popular accessories among automobile consumers seeking a sportier appearance to their cars to reflect their individual lifestyles.
First launch quantities of the Corolla lip spoiler were shipped to South East Toyota and Gulf States Toyota in late December 2007 and January 2008. Additional shipments for all products are scheduled to continue in the first and second quarter of 2008.
The quality of MWW's design and the ease and cost-effectiveness of the installation of its products contributes importantly to sales and income for MWW and its customers. MWW custom designs these spoilers for the new automobile models being sold in the North American and European markets and also provides complete installation programs, including installation fixtures. These programs allow a the Vehicle Processing Centers' technical teams to efficiently install MWW's products without compromising quality, style or workmanship, while meeting the expected high demand for these new automobiles from their domestic dealer network.
James Marvin, Chief Operating Officer of MWW Automotive Group, said, "We are delighted to receive these new contracts from Toyota's Vehicle Processing Centers, representing the largest automobile manufacturer in the world, noted for its rigorous pursuit of top quality production on every level. They testify to our company's 7-year track record of excellence with one of the most demanding manufacturers in the industry."
Mr. Winzkowski, CEO of MWW, added, "In the next few months, we expect to rapidly expand our footprint as a global company, as we make several U.S. products available to the European markets through Modelworxx, our subsidiary in Munich, Germany, and make Modelworxx's European products available to U.S. markets. Modelworxx has been certified as a supplier for Toyota Motor Europe, adding to its longtime relationships with BMW, MINI and Rolls Royce. Modelworxx's first shipment of the Toyota RAV 4 running board accessories has been delivered to Toyota Motor Europe, as announced last month, and production for follow up orders has commenced. Plans for distribution of this new product into other European countries are currently in discussion with Toyota Europe. MWW expects to see substantial growth to our bottom line through these activities in 2008."
About MWW Automotive Group
MWW Automotive Group (OTCBB:MWWC) is a leading designer, manufacturer and certified Full Service Supplier of OE accessories for the global automotive industry for the customization of cars, sport utility vehicles and light trucks. Headquartered in Howell, Michigan, MWW has operations in the United States, Germany and Dubai and delivers its products directly to select global automobile manufacturers’ vehicle processing centers and/or assembly lines in the United States, Canada and Europe. The VPC’s and assembly lines’ technical teams install the MWW 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 continue expanding its position as a global automotive company, to fully utilize its domestic and European design and manufacturing resources and to consistently design, manufacture and supply innovative and leading edge automotive accessories that fulfill a demand within a global market.
More information 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. >
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.
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COMPANY CONTACT:
Rainer Poertner
Executive Vice President
Tel: 1-517-540-0045, x43
Fax: 1-517-540-0923
rpoertner@marketingworldwide.us
www.marketingworldwide.us |
INVESTOR RELATIONS:
Stanley Wunderlich, CEO
Consulting for Strategic Growth 1
Tel: 1-800-625-2236
Fax: 1-212-337-8089
info@cfsg1.com
www.cfsg1.com |
MEDIA RELATIONS
Daniel Stepanek
CFSG1
Tel: 1-212-896-1202
Fax: 1-212-337-9089
dstepanek@cfsg1.com |
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