SOURCE: Mizati Luxury Alloy Wheels, Inc.

June 24, 2008 09:19 ET

Mizati Continues to Strengthen Revenue Channels

LOS ANGELES, CA--(Marketwire - June 24, 2008) - Mizati Luxury Alloy Wheels, Inc. (PINKSHEETS: MZTI), an importer and wholesaler of luxury alloy wheels, announced the procurement of new contracts with both domestic and international distributors.

During the first half of fiscal year 2008, Mizati has generated a consistent revenue stream from a major retailer in Southern California with operations in Texas, Georgia, Florida, and Arizona. This account has been placing monthly orders of approximately $50,000. Mizati expects this revenue stream to continue going forward and deliver larger scale orders as the relationship strengthens.

In May, Mizati secured a spot on the website of a comprehensive on-line retailer that has a dominant position in internet wheel sales. The Company has already generated sales from this listing. CEO, Hazel Chu, commented, "An alliance with a retailer of this caliber should enhance not only our revenue, but also our on-line presence." In June, Mizati received an order for approximately $65,000 from a distributor in Southern California. This is the first order from this particular distributor and the Company expects repeat orders from this customer.

In addition, Mizati has landed new contracts with distributors in Germany and England. CEO, Hazel Chu, commented, "This expansion into international markets is a successful execution of the company's growth strategy and will help to diversify revenue streams and mitigate risk associated with operating exclusively in the domestic market."

About Mizati Luxury Alloy Wheels, Inc.

Mizati Luxury Alloy Wheels, Inc. ("Mizati") is an innovative designer and importer wholesaler of custom luxury alloy wheels for passenger cars, sport utility vehicles, vans and light trucks. Mizati currently markets and distributes three separate and unique brands of luxury wheels, Mizati®, Hero™, and Zati™ through a network of 425 dealers and distributors.

For more information about Mizati Luxury Alloy Wheels, Inc. (PINKSHEETS: MZTI), visit the Company Web site at http://www.mizatiwheels.com.

"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Any statements that are not historical facts contained in this release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. It is possible that the assumptions made by management for purposes of such statements may not materialize. Actual results may differ materially from those projected or implied in any forward-looking statements. Such statements may involve risks and uncertainties, including but not limited to those relating to product demand, pricing, market acceptance, the effect of economic conditions, intellectual property rights, the outcome of competitive products, risks in product development, the results of financing efforts, the ability to complete transactions, and other factors discussed from time to time in MZTI Securities and Exchange Commission filings. MZTI undertakes no obligation to update or revise any forward-looking statement for events or circumstances after the date on which such statement is made.

Contact Information

  • Contact:

    Mizati Luxury Alloy Wheels, Inc.
    Grace C. Wang
    VP of Investor Relations
    (909) 525-1363
    Fax: (909) 525-1366
    Email Contact