HOWELL, Mich., Nov. 5, 2012 /PRNewswire/ -- MWW Automotive Group ( MWWC ), a global design and manufacturing firm serving the world's leading automotive and industrial manufacturers, announced today that it has met its adjusted sales forecast for the fiscal year 2012, ending September 2012, generating revenue of $803,000.
"While we had a difficult year, we feel that we have now reached our turn-around point and are on the path of recovery. We are pleased that we have been able to meet our adjusted sales forecast," states Chuck Pinkerton, CEO of MWW Automotive. "We are grateful for the support of our major clients that have put their trust in us to manufacture their high quality products and who are continuing to increase production volume with us. We appreciate the help and understanding of our major shareholders, our legal and auditing team and our investment partners that have assisted us and are continuing to assist us in our turn-around process. During the last 18 months we have applied all available resources and have made significant progress in rebuilding our client roster. We are currently in production for Ford, Chevrolet, Scion, Toyota, Hyundai, Lincoln Mercury and Mazda. While we still may have difficult times ahead of us, we will continue to work relentlessly to return MWW to profitability within the near future."
The preliminary revenue figure discussed above remains subject to audit. We encourage you to review all MWWC SEC filings for a detailed description of all risks.
About MWW Automotive Group (MWW)The MWW Automotive Group ( MWWC ) is headquartered in Howell, Michigan, with a "Class A" manufacturing and logistics facility in Baroda, Michigan for the production of high quality OE automotive and industrial products. MWW delivers its products and "Class A" painting, assembly and logistics services directly to major US and Foreign automobile manufacturers' Vehicle Processing Centers (VPC) and/or assembly lines in North America. MWW's industrial products are delivered directly to the industrial manufacturers for installation in their facilities. MWW provides substantial added value to the sale of vehicles and industrial products for leading international automobile and industrial manufacturers such as Toyota, BMW, Chevrolet, Hyundai, Kia Motors, MAZDA, GM, Ford, and their strategic partners ROUSH Performance and Polytec. For more information please visit www.mwwautomotive.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."
