SOURCE: MWW Automotive Group

February 21, 2008 08:15 ET

MWW Automotive Group Reports Performance for Quarter Ended December 31, 2007: Sales Increased by 26%; Gross Profit Increased by 11%

HOWELL, MI--(Marketwire - February 21, 2008) - MWW Automotive Group (OTCBB: MWWC) ("MWW"), a global design, engineering and manufacturing firm serving the world's leading automotive manufacturers, announced today that sales for the quarter ended December 31, 2007 increased 26% to $2,732,923 and gross profit increased 11% to $1,094,858. The Company reported a net operating loss of $254,913 for the quarter. Management attributed the small operating loss to expenses related to the integration of three businesses acquired in fiscal 2007: Colortek, Inc., Modelworxx GmbH ("MWX") and AutoFX. These expenses include set-up costs for additional engineering and assembly facilities in the U.S. and Germany.

"We are making rapid progress integrating our acquisitions and taking advantage of the synergies from these relationships," said James Marvin, COO/CFO of MWW Automotive. "We are continuing on our path of providing outstanding integrated services to our existing customers and aggressively pursuing new customers. The businesses acquired in 2007 provide us with even stronger capabilities for leading edge design and engineering, and they support our unequivocal devotion to the highest quality standards for our products. We believe that these acquisitions will have a positive impact on our financial performance in the near and mid terms."

Recently, MWW Automotive was awarded new programs for automotive accessories on vehicles sold in North America and Europe. The new programs for 2009 models manufactured by Toyota Motor Corporation are expected to contribute $7 million to $9 million to revenue during the lifespan of the programs. In addition, our German subsidiary, Modelworxx GmbH has begun delivering new accessory programs designed by MWX in Germany to Toyota Motor Europe. The acquisition of Modelworxx GmbH at the close of fiscal 2007 will allow MWW Automotive to sell products originally designed and manufactured for the North American market into the European markets. Similarly, MWW Automotive is bringing products designed in Germany for the European markets into the North American markets. The programs designed in Germany for the European markets met a very receptive audience at the recent NADA show in San Francisco. Management believes that a strong presence in the North American and European markets represents a major financial and strategic advantage. Moreover, the European market, aided by the strong euro, provides opportunity for increasing sales growth and sustainable margins.

About MWW Automotive Group

MWW Automotive Group ("MWW"), the trade name of Marketing Worldwide Corporation (OTCBB: MWWC), is a full-service global design, engineering and manufacturing firm providing customized accessories for leading international vehicle manufacturers. MWW's products customize cars, sport utility vehicles (SUVs) and light trucks to meet consumer demand for vehicles reflecting their individual lifestyles and personalized needs. Noted for its adherence to the highest quality, MWW and its global subsidiaries provide substantial added value to the sale of vehicles for large manufacturers.

Headquartered in Howell, Michigan, MWW has operations in the United States and Germany and delivers its products directly to select global automobile manufacturers' vehicle processing centers ("VPCs") and/or assembly lines in the United States, Canada and Europe. The VPCs' and assembly lines' technical teams install the MWW products in a variety of vehicle types and deliver the accessorized automobiles into the dealer channels in the United States, Canada and Europe. The company's mission is to continue expanding its position as a global automotive company, to fully utilize its domestic and European design, manufacturing and marketing resources and to consistently design, manufacture and supply innovative, leading edge and highest quality automotive accessories that satisfy customer demand within a global market. MWW's major customers are Southeast Toyota Distributors, LLC; Gulf States Toyota, Inc.; Toyota Canada, Inc.; Toyota Motor Manufacturing Corp in Canada; Hyundai and KIA Motors US in the U.S., and BMW and Toyota Motor Europe in Germany and Belgium.

More information about MWW Automotive Group is available at Please email any questions about the company to or contact Consulting for Strategic Growth 1 at

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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