HOWELL, Mich., June 7, 2013 /PRNewswire/ -- MWW Automotive
Group (OTCQB: MWWC); a global design, engineering and manufacturing
firm serving some of the world's leading automotive and industrial
manufacturers and design firms, announced today that its second
quarter performance has shown an increase of $65,623 or thirty seven percent (37%) compared to
the same period in the year before. Revenues have also increased on
a six months comparison basis.
Chuck Pinkerton, states: "As we
have already reported with the filing of our Q2 financial results,
our revenues have increased again for the second quarter 2013, as
they have for our first quarter 2013. At the same time I would like
to point out that we are still not close to our production and
revenue potential. Several of the projects that have been awarded
to us during 2012 have commenced with production after the close of
the 2nd quarter 2013 and will only begin to have a more
substantial positive impact on our revenue, cash flow and bottom
line in our 3rd and 4th quarter of this year
(ending June 30 and September 31, 2013 respectively). Please refer to
our current filing with the SEC at www.sec.gov for more
details.
"We have now secured substantial new business as fixed orders
for the months ahead and we will provide more details in a follow
up press release next week."
About MWW Automotive Group (MWW)
The MWW Automotive
Group's (OTCQB: MWWC) administrative offices are located in
Howell, Michigan, with a 46,000
square foot 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), leading edge show
car and performance accessory design firms, 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, Chevrolet, Hyundai, Kia Motors, MAZDA, GM, Ford, FIVE AXIS
and their strategic partners ROUSH Performance and Polytec/FOHA.
For more information 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) generate sufficient revenues to fund operations
(ii) obtain sufficient capital or a strategic business arrangement
to fund its expansion plans; (iii) build the management and human
resources and infrastructure necessary to support the growth of its
business; (iv) competitive factors and developments beyond the
Company's control; and (v) 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."
SOURCE MWW Automotive Group