HOWELL, Mich., June 4, 2012 /PRNewswire/ -- MWW Automotive Group (OTCQB: MWWC), a global design, engineering, and manufacturing firm serving some of the world's leading automotive and industrial manufacturers, announced today that its Series A and Series B Preferred shares, issued to Vision Capital in 2007 and 2008 and due for mandatory conversion were purchased by institutional investors, led by Southridge Partners II LP based in Connecticut. Southridge bought the Series A and Series B from Vision Opportunity Master Fund, Ltd and Vision Capital Advantage Fund, L.P. and reached an agreement with MWW Automotive to cancel the Series A and Series B and associated warrants in exchange for 11,923 new shares of the Company's Series E Convertible Preferred Stock.