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OTC Automotive Stock Alert; MWW Automotive (OTCQB: MWWC) Awarded Continuation Of Ford F-150 Component Production(February 11, 2013)
Category: Investment, Automotive Car
OTC Automotive Stock Alert; MWW Automotive (OTCQB: MWWC) Awarded Continuation Of Ford F-150 Component Production
Visit: MWW Automotive Group
HOWELL, Mich. - February 11, 2013 (Investorideas.com newswire) 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 it has been awarded the continuation of the production for the re-finishing and fulfillment of interior parts for the Ford F-150 series line of trucks. The program is ongoing now.
The MWW interior package produced for the Ford F-150 includes several dashboard components that are produced at and delivered from the MWW Class-A painting facility in Baroda. This is the first extension of this program for MWW, which will run through 2014.
Charles Pinkerton, CEO of MWW Automotive stated: "We are happy that we have been able to meet our Tier1 Partner's and Ford's stringent quality requirements for this high-end program. We appreciate their recognition of the quality of work that we have delivered consistently as well as our capacity to reliably meet the client's 'just-in-time' logistics requirements." Pinkerton continues: "Having been awarded the extension of this program is not only an endorsement of our work, but will also support MWW's constant efforts to produce the internal Ford-150 components even more efficiently and will manifest the relationship with its Tier1 Strategic Partner and Ford even further."
This new program is an extension of the initial pilot production run for the Ford components. As with other Tier1 pilot production runs that MWW has launched during the last twelve months, this program is now moving into a standard production run for the 2013 through 2014 model years. This will allow MWW to better plan its production capacity and adjust personnel and production requirements dynamically in response to the expected increasing production volume. In conjunction with other new programs that already have been and are still expected to be awarded to MWW by its Tier1 partners, manufacturers and/or custom design firms, this will support the efforts of stabilizing the company's production volume and accordingly create a positive and more predictable impact on future revenue generation.
About MWW Automotive Group (OTCQB: MWWC)
The MWW Automotive Group's (MWWC) administrative offices are located in Howell, Michigan, with a 40,000 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 Centres (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 firstname.lastname@example.org
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."
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