SOURCE: MWW Automotive Group

May 20, 2008 08:15 ET

MWW Automotive Group Reports Sales Increase for First Half and 2nd Quarter of FY 2008

HOWELL, MI--(Marketwire - May 20, 2008) - MWW Automotive Group (OTCBB: MWWC), a global design, engineering and manufacturing firm serving the world's leading automotive manufacturers, announced today its financial performance for the first half and second quarter of its Fiscal Year ending September 30, 2008.

For the six-month period ended March 30, 2008, sales increased by $623,454, or 14%, to $5,026,403, compared to $4,402,949 for the same period in FY 2007. Net sales for the second quarter ended March 30, 2008 were $2,293,480, an increase of $51,689 or 2.3%, compared to $2,241,791 for the second quarter of FY 2007.

Management attributed the increases to the recent acquisition of Modelworxx GmbH ("MWX") in Germany, contributing revenues from a strong European market, and the commencement of production and revenues at the new AutoFX facility in Elkhart, Indiana, both positively impacting MWW's financial performance.

Gross margins for the second quarter 2008 increased from 30% to 37% compared with the same period in 2007, while margins for the six-month period also increased from 29% in 2007 to 34% in 2008. This increase in gross margin reflects revenues generated in the European market through MWW's wholly owned subsidiary Modelworxx. It also represents the capacity of the expanded MWW Group for savings in material costs, better product/service mix and better utilization of the group's common production capabilities and services.

While the group generated a loss of $72,240 on an operational basis (EBDITA), management noted that the majority of this was associated with additional costs for integrating Modelworxx and the AutoFX facility, including setting up additional engineering and assembly/production facilities in the U.S. and Germany.

Rainer Poertner, Executive Vice President, MWW Automotive Group, said, "We are pleased with our progress in integrating our recent acquisitions into the MWW group. In addition to the Modelworxx design group that works from inside BMW in Munich, Germany, we have also established a second Modelworxx assembly facility in Muehldorf (near Munich), Germany, to accommodate the production and assembly of MWX-designed products for delivery to Toyota Germany and other new large customers in Europe."

Mr. Poertner continued, "In addition to having delivered the first products to Toyota Germany, we are in various stages of offering our accessory programs to additional major foreign and domestic automobile manufacturers and distributors in the U.S and Europe, such as Ford, GM, VW, Opel, Nissan, Subaru and Hyundai. The effort in Europe, which is executed by our Modelworxx team and coordinated with the U.S. headquarters, takes advantage of the currently high demand of European manufacturers for the purchase of innovative goods manufactured in the U.S. This trend is supported by a very favorable exchange rate of the euro, which makes MWW's U.S.-produced products very competitive in all European markets.

"Going forward," he added, "we have received several requests for quotes from large manufacturers in Germany and Russia and are in the process of introducing our entire European and U.S. product line to most European manufacturers. We believe that MWW's effort to further establish itself as a global company for a global market is very timely and will result in significant additional revenue during the months and years ahead. Our goal is to establish MWW's exceptional position in a global market and produce increasing value for our shareholders."

About MWW Automotive Group

MWW Automotive Group (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 leading international automobile manufacturers such as Toyota, Kia Motors, GM and Ford in the US and Europe.

Headquartered in Howell, Michigan and Munich, Germany, MWW delivers its products and services directly to select global automobile manufacturers' vehicle processing centers, distribution centers and/or assembly lines in the United States, Canada and Europe. The centers' 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. The Company also provides proprietary design services directly to BMW from within the BMW design facility in Munich, Germany.

More information and a full presentation 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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