SOURCE: MWW Automotive Group

MWW Automotive Group

November 05, 2009 07:00 ET

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

HOWELL, MI--(Marketwire - November 5, 2009) - 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 and or e-mail

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 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.

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