MWW Automotive Reports Financial Results For Fiscal Year 2010
In 2010, Colortek, Inc. began negotiations to provide high quality painting services to the industrial goods and construction industry, along with the expansion into the domestic automakers offerings. Colortek satisfies a niche market where low to medium volume painting of Class A quality is necessary.
MWW is also very proud to announce our "green initiative" program. We are committed to introduce environmentally friendly products, as required by an increasing number of large domestic and foreign automotive manufacturers into as many of our manufacturing processes as possible beginning in 2011.
Pinkerton concluded, "The changing market conditions have generated excellent new opportunities for MWW, and we 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 have rebounded dramatically. MWW is well positioned to participate in this growth and is taking all necessary measures to do so. In addition, we have hired a new Investor Relations company, coordinated by Rainer Poertner, who is responsible for MWW's new business development and investor relations, to further improve our presence in the market and intensify our communication with our shareholders."
About MWW Automotive GroupHeadquartered in Howell, Michigan, with a "Class A" painting facilities in Baroda, Michigan (Colortek, Inc.) MWW Automotive Group (OTC Bulletin Board: MWWC) delivers its products, design and Class A painting services directly to select global automobile manufacturers' vehicle processing centers (VPC), distribution centers and/or assembly lines in the United States, Canada and Europe. The VPC's technical teams install the MWW designed and manufactured products in a variety of vehicle types that are channeled through them by the manufacturer for distribution, 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 design and manufacturing resources to consistently provide the most innovative, leading edge and high quality automotive accessories for an increasingly demanding global market. Noted for its adherence to the highest quality requirements, MWW products are designed and manufactured to meet and exceed customers' expectations and requirements. MWW provides substantial added value to the sale of vehicles for leading international automobile manufacturers such as Toyota, BMW, Hyundai, Kia Motors, GM and Ford. For more information please visit www.mwwautomotive.com, or e-mail email@example.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." SOURCE MWW Automotive Group
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