MWW Automotive Submits Request For Quotes Totaling $17 Million In Potential Revenues
HOWELL, Mich., April 6, 2011 /PRNewswire/ -- MWW Automotive Group (OTCQB: MWWC), a global design, engineering, and manufacturing firm for automotive accessories and industrial equipment serving some of the world's leading automotive manufacturers, today announced that it has received a record number of Requests for Quotes (RFQs) from existing and newly acquired customers. The Company has submitted quotes that have the potential to generate up to $17 million in revenues to MWW over the next 12-36 months in addition to its currently running programs.
MWW is now beginning to see the impact of its aggressive restructuring efforts in management and production, resulting in a drastic expansion of its client roster. Over the past five months, MWW has attracted interest from new major automotive and industrial clients, in addition to servicing its ongoing customer programs. Production for the majority of its new programs is slated to begin in late 2011, early 2012 and should continue through 2013. These new programs are being executed either directly with select manufacturers, or in cooperation with MWW's Strategic Alliance Partners.
"From the beginning of my tenure at MWW, I have been concentrating on expanding our client and product roster, in order to further diversify our customer base and enter into new market segments," said Chuck Pinkerton, CEO of MWW. "We now have a widely diversified mixture of global and domestic clients and are entering into the industrial market segment, providing greater downside protection against major changes with specific manufacturers, market segments, or geographic sectors within the global automotive industry."
Mr. Pinkerton added, "The improved production capability in our Class A, OEM-quality painting facility allows us to satisfy the high-value, mid-sized production requirements of the global automotive and industrial manufacturing sector, which the large automated facilities cannot provide. Our mid-volume production capacity, in combination with our advanced logistics capabilities that satisfy our customers' 'just–in-time' inventory requirements, has enabled us to scale up our business, while at the same time lowering costs. We expect newly acquired business to impact our revenue generation positively in the second half of 2011 and well into 2013."
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