SOURCE: Mizati Luxury Alloy Wheels, Inc.

March 05, 2009 07:30 ET

Mizati Setting Goals During Turbulent Times

LOS ANGELES, CA--(Marketwire - March 5, 2009) - Mizati Luxury Alloy Wheels, Inc. (PINKSHEETS: MZTA), an importer and wholesaler of luxury alloy wheel has announced today that it is in the final stages of being approved to move to the OTC BB exchange.

Along with the migration to the OTC BB, Mizati has secured an agreement with a major international manufacturer to develop a signature wheel line to debut later this year.

"We are making small but significant steps in every aspect of the company," says Hazel Chu, founder of Mizati. "We are taking the necessary steps in advancing Mizati's agenda in times of economic uncertainty. Our transition to the OTC BB coupled with a detailed business plan, and our new signature line in the making is helping to set Mizati in the right direction, and to prepare Mizati to take on all opportunities when the time comes."

About Mizati Luxury Alloy Wheels, Inc.

Mizati is an innovative, fast-growing 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 over 425 dealers and distributors. Mizati's mission is to be the premier brand and designated source for high-quality, value-priced wheels, rims, and automotive accessories.

For more information about Mizati Luxury Alloy Wheels, Inc. (PINKSHEETS: MZTA), 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 MZTA Securities and Exchange Commission filings. MZTA 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.
    David P. Haithcox
    (909) 983-0456
    Fax: (909) 525-1369
    davidh@mizatiwheels.com

    Kings Investor Relations
    David Nava
    (858) 454-7477 ext. 2