SOURCE: MWW Automotive Group

MWW Automotive Group

September 23, 2009 08:00 ET

MWW Automotive Secures New $1Million Working Capital Credit Line

HOWELL, MI--(Marketwire - September 23, 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 that it has replaced its existing credit line with a new $1Million credit line from Summit Financial Resources.

Gordon La Haye, President & CEO of Summit Financial Resources, commented, "Summit is very pleased that Marketing Worldwide has chosen us as their working capital provider. We look forward to partnering with them to ensure the success of their ongoing business goals and growth projections."

The Summit Financial Resources team was led by Todd Waldrip, VP, Business Development Officer for the Southeast Region, based in Birmingham, Alabama. Summit Financial Resources is a nationally recognized provider of working capital financing to small and medium-sized businesses in a broad range of industries. With 16 offices nationwide and over 20 years of experience, Summit has established itself as one of the largest and fastest growing companies in its industry.

James Marvin, CFO of Marketing Worldwide, stated: "The changing market conditions have generated many 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, pre-production and production than at any other time in our history. In order to finance this growth and to aggressively take advantage of these opportunities in the months and years to come, we decided to replace our existing credit line and secure additional working capital."

Rainer Poertner, responsible for global business development at MWW, worked with the Summit team to arrive at a flexible solution that gives MWW the opportunity to continue on its current path of growth. "We were impressed with the very structured approach that the Summit team took. We are delighted that after conducting comprehensive due diligence of our operations Summit has decided to provide us with the working capital necessary to finance the next steps of our growth ahead."

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, BMW, Kia Motors, GM and Ford in the U.S. 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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