Published:
MWW Automotive Reports Strong Increase in Revenues for 4th Quarter Ended September 30, 2009 - Total Sales for the 4th Quarter 2009 Rose 48%

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, with
facilities in the US and Germany, announced today the financial results for
the fourth quarter of its fiscal year ended September 30, 2009.
Net sales for the fourth quarter 2009 rose 48% to $1,494,441, an increase
of $482,916 over $1,011,525 in the third quarter of 2009. This was the
company's best quarter of 2009 and represents 32 % of total annual sales
for the year. On a month-to-month comparison from April 2009 to September
2009 revenues have increased by 153%. MWW will release its results for the
full fiscal year 2009 on or before December 31, 2009.
Jim Davis, newly appointed CFO of MWW Automotive Group, said, "We are very
pleased to announce these results to our shareholders. Despite the downturn
in sales of automobiles during September -- largely a result of the
government incentives that created a short term exceptional increase in
sales during August 2009 -- MWW sales have still increased significantly
during September and for the entire fourth quarter. Accordingly, we have
slightly surpassed our revised projections for fiscal year 2009. For the
last consecutive six months MWW has clearly been on an upward trend and we
are looking forward to our fiscal year 2010 and the opportunity to
implement our new projects to further improve financial performance."
Mr. Marvin, MWW's COO explained, "As we observed in our previous quarter,
the large automated supplier facilities cannot economically serve the
reduced production runs of the major automotive manufacturers. But today's
smaller 'Special Vehicle' production runs fall squarely within MWW's
competence and generate high margin business for us. This is especially
applicable to our Class A painting facility Colortek, which is currently in
pre-production and testing stages for many new long-term mid-size projects,
which have been awarded to us based on the industry's change in production
philosophy. Modelworxx, our wholly owned subsidiary in Germany, has
developed a complete line of new products and has entered into distribution
agreements with several of the largest distributors in Europe. We are
expecting brisk business from these new relationships for 2010."
Rainer Poertner, responsible for MWW's global business development, stated,
"The changing market conditions have generated excellent new opportunities
for MWW, and all companies in the MWW Group currently have more requests
for quotes (RFQs) and new projects in different stages of development than
at any other time in our history. The financial markets have stabilized and
automotive stocks are beginning to perform again (i.e. American Axel and
Ford). According to Automotive News, the automotive industry has
contributed 1.6% to the unexpected strong growth of the third quarter GDP
of 3.5% in the US, and Ford has achieved nearly $1 billion in profit during
the same quarter. CSM and J.D. Powers are projecting the US automotive
industry will grow by 15% to 11.8 million units during 2010. MWW has all
intentions to participate in this growth and is taking all necessary
measures to do so."
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 U.S. 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.
Copyright © 2009, MarketWire
Copyright © 2009, NewsBlaze,
Daily News
Tags: ,Automotive:Otherpassengervehicles, Automotive:Parts and Accessories, Automotive:Cars, Automotive:Trucks, Retail:E-Commerce, Retail:ConsumerInterest, ,OTCBULLB,OTCBULLB,OTCBULLB,MI,HOWELL, MI