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MHGI @ .0001!
MHGI @ .0002!
MHGI @ .0002!
AUTO last MM with 280,500 shares, let's go!
MHGI @ .0003!
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Midnight Holdings Group, Inc ("The Company") is a public holding company operating two subsidiary entities providing services in the $250B automotive aftermarket area. All Night Auto Stores, Inc operates all corporate owned and branded retail and service centers and Midnight Auto Franchise Corp is the distributor of the brand name to joint-venture partnerships as well as providing all contracted services and products to the branded entities. Currently, the Company maintains and manages two brand names: All Night Auto® and All Night Lube Express™.
The Company is engaged in the ownership, development, acquisition, leasing, management and operation of automotive retail and commercial service and retail centers specializing in concierge level services. The Company currently has eight service and retail center operations located in the Midwestern United States, as well as Arizona and Oklahoma and is expanding into other selected market regions throughout the United States and one soft-franchise operation.
The Company offers its branded retail stores and service centers to qualified launch investors as well as joint-venture partners. Additionally, the Company provides all oversight of the business and operations through its centralized infrastructure. The branded entities operate in three segments of the automotive aftermarket:
- Retail automotive product and service sales
- General automotive repair and maintenance services
- Automotive concierge services
Product & Services:
- Pre-schedule service and maintenance schedules online
- Web-based access to your vehicle service records
- We clean your dashboard, door panels, steering wheel, vacuum interior and clean wheels and tires.
- All with no interruptions to you. And no putting your life on hold.
- Service for all makes and models
- We arrange any necessary car rental service
- Coordination with your insurance company
- We handle all dealer warranty, recall and service needs
- Installation of all automotive accessories we sell
- Over 500,000 accessories available and the coolest electronics
- Free computerized vehicle health inspection before and after every service (1996 or newer vehicles only)
Long term business prospects
We remain optimistic about our long term business prospects. However, we still face obstacles in achieving profitability. We anticipate that because of our team focus on our current operations and through our planned expansion efforts, we will experience substantial increases in revenue that will help the Company reach profitability during 2008 or 2009. We have invested a significant amount of our working capital, technical infrastructure and personnel time in preparing the Company for the anticipated revenue increases. 10QSB page 14
November 19, 2007 - 8:01 AM EST
Midnight Holdings Group Beats Revenue Expectations
Midnight Holdings Group Inc. (“MHGI”) (Pink Sheets:MHGI), offering a large array of automotive products and services that target retail consumers and fleet service operators through its wholly owned subsidiaries All Night Auto® and All Night Lube Express™, announced today that its systemwide sales will exceed its previously projected revenue by over $300,000 for its All Night Auto Service and Retail Centers in Michigan, Illinois, Arizona and Oklahoma.
Richard Kohl, company EVP/CFO announced that in combination with Midnight Auto Franchise Corp. Sales, “We are targeted to exceed $7 million in systemwide sales for 2007, an increase of 36% over 2006.”
“While our fleet business continues to grow, the retail consumer business is doing well and we expect that to continue. The company is rapidly expanding its consumer and fleet offerings, which include electronics and accessory products on-line and in all of its stores,” stated Nicholas Cocco, CEO.
Executive background
NICHOLAS A. COCCO. President, Chief Executive Officer, and Director. Since December 30, 2005, Mr. Cocco has been the President, Chief Executive Officer, and Director of the Registrant. Since March 2004, Mr. Cocco has been the Chief Executive Officer, President, and Director of Midnight Auto Holdings, Inc., Midnight Auto Franchise Corp., and All Night Auto(R) Stores, Inc. From October 2001 to December 2003 he was the Global Chief Technology Officer in the Integrated Service Solutions Group at Delphi Corporation, a multi-national provider in mobile electronics and transportation components and systems technology. From July 1996 to October 2001, Mr. Cocco was the Chief Executive Officer and Chairman of Automotive Technical Resources, Incorporated ("ATRi"). In 1996, Mr. Cocco received a Bachelor's Degree in Business from National-Louis University. In 1995, he received an Associate of Sciences from Northern Virginia Community College. Mr. Cocco is a member of the Society of Automotive Engineers, National Institute for Automotive Service Excellence, and the Berklee College of Music Alumni.
RICHARD J. KOHL. Chief Financial Officer, Secretary, and Executive Vice President of Finance. Since December 30, 2005, Mr. Kohl has been the Executive Vice President of the Registrant. Since January 25, 2006, Mr. Kohl has been the Chief Financial Officer of the Registrant. Since February 27, 2006, Mr. Kohl has been the Secretary of the Registrant. Since March 2004, Mr. Kohl has been the Executive Vice President and Chief Operating Officer of Midnight Auto Holdings, Inc., Midnight Auto Franchise Corp., and All Night Auto(R) Stores, Inc. From 1997 to March 2004, Mr. Kohl was the President and Treasurer of Midnight Auto, Inc. From July 2000 to March 2004, Mr. Kohl was the President and Treasurer of All Night Auto(R) GPP, Inc. In 1992, Mr. Kohl received a Bachelor's Degree in Accounting from Walsh College. In 1989, Mr. Kohl received his Associate of Science Degree in Accounting and General Business from Macomb Community College.
News:
Midnight Holdings Group Joins InstallerNet to Assist in the Installation of Childrens' Safety Devices for School Busses
December 18, 2007 - 12:42 PM EST Midnight Holdings Group Inc. (“MHGI”) (Pink Sheets:MHGI), offering a large array of automotive services that target individuals and fleet owner/operators through its wholly owned subsidiaries All Night Auto® and All Night Lube®, announced today that it has entered into agreement with Boston based InstallerNet, to assist in equipping school busses with an electronic safety device designed to remind drivers to check for sleeping children.
“InstallerNet has a comprehensive installation process and stringent membership requirements,” stated InstallerNet’s President and CEO, Tony Frangiosa. “All Night Auto’s ability to perform quality installations during off hours was a significant advantage for this project.”
“InstallerNet manages the largest installation network in the country and performs installation services for big-box retailers such as Costco, RadioShack, and Wal-Mart; as well as major brand manufacturers like Motorola, Nextel and Sony.”
“Our company is rapidly expanding to meet our clients’ needs. This project was launched from operations at our Central Region Stores in the State of Illinois and is expected to generate new Fleet Sales revenue in all four states where we operate,” stated Nicholas Cocco, CEO. “All Night Auto expects this relationship with InstallerNet to be a growing long term opportunity for both fleet and consumer electronic installations at all of our locations.”
Midnight Holdings Group Beats Revenue Expectations
November 19, 2007 - 8:01 AM EST Midnight Holdings Group Inc. (“MHGI”) (Pink Sheets:MHGI), offering a large array of automotive products and services that target retail consumers and fleet service operators through its wholly owned subsidiaries All Night Auto® and All Night Lube Express™, announced today that its systemwide sales will exceed its previously projected revenue by over $300,000 for its All Night Auto Service and Retail Centers in Michigan, Illinois, Arizona and Oklahoma.
Richard Kohl, company EVP/CFO announced that in combination with Midnight Auto Franchise Corp. Sales, “We are targeted to exceed $7 million in systemwide sales for 2007, an increase of 36% over 2006.”
“While our fleet business continues to grow, the retail consumer business is doing well and we expect that to continue. The company is rapidly expanding its consumer and fleet offerings, which include electronics and accessory products on-line and in all of its stores,” stated Nicholas Cocco, CEO.
Midnight Holdings Group Announces Expansion in Naperville, Illinois
April 4, 2007 - 2:10 PM EDT CLINTON TOWNSHIP, Mich., April 4 /PRNewswire-FirstCall/ -- Midnight Holdings Group, Inc. (OTC: MHGI) today announced that its subsidiary company All Night Auto Stores Inc. has sold its All Night Auto of Aurora, IL, and All Night Lube Express of Tinley Park, IL, operations to All Night Auto of Naperville, IL, a joint venture partnership between Midnight Auto Franchise Corp. and J.C. Walsh Inc. The transaction increases All Night Auto of Naperville's store ownership count from one to two (Tinley Park and Aurora) and merges the Lube Express operations at Tinley Park with the service center operations located at the same facility. Both locations operated by the joint- venture now have Lube Express facilities with common management and revenues. John Walsh, president of All Night Auto of Naperville, will be the General Manager with operational support provided by Midnight Auto Franchise Corp.
According to Nicholas Cocco, the CEO of Midnight, the deal will help streamline the efficiency of the two suburban Illinois operations allowing John Walsh to be focused on expanding the size and scope of the operations in both Aurora and Tinley Park.
'It has always been our intention to expand our presence in the Chicago market,' says John Walsh, president of All Night Auto of Naperville. 'The Tinley Park store continues to increase its client base and revenue. The Aurora store started with a strong client base and is still growing strong. Working with Midnight, we will increase our Automotive Concierge Service offerings paving the way for additional All Night Auto stores in this market,' says Walsh. 'The FTP program is truly a winner when it comes to building a business and a market area.'
'We are continuing to grow our FTP joint-venture programs as well as showcase our commitment to existing partnerships. The Aurora store is just one of our flagship locations that we plan on moving into partnerships,' Cocco said. 'Both the Tinley Park and Aurora locations are doing solid business and John and I see plenty of opportunities for growth at both locations. Our partnership is an example of how well our unique FTP programs really work. We are a little over 18 months into this partnership program and we are already expanding the operations of All Night Auto of Naperville,' Cocco says.
'The Aurora and Tinley Park locations are top producers for us. Our clients' benefit the most from the addition of this location to the joint- venture program,' said Jim M. Jung, Director of Sales and Marketing for Midnight. 'John Walsh and the Team All Night personnel are a great example of how our partnership programs provide superior services to the market place.'
Midnight Holdings Group Announces Oklahoma Acquisition, Expansion Plans
April 3, 2007 - 12:09 PM EDT CLINTON TOWNSHIP, Mich., April 3 /PRNewswire-FirstCall/ -- Midnight Holdings Group, Inc. (OTC: MHGI) today announced that it has purchased the assets of the three franchised All Night Auto operations in Oklahoma and added the three service centers to it's All Night Auto Stores, Inc. operations.
The three facilities are located in Norman, Warr Acres and Yukon and currently generate about $2.2 million in annual sales revenues according to Nicholas Cocco, the CEO of Midnight Holdings Group, Inc. 'This is the first of several acquisitions we plan to complete over the coming years to grow our operations and meet the objectives of our business plan.'
Cocco also announced that Steve Stearman will join Midnight as the Field Director of Southwest and West Coast operations, where he will oversee all facility operations in the Southwest and West and guide development of new operations.
'We are very excited to have Steve join the management of Midnight -he's a great operator who knows cars, understands our client base, especially the fleet business and overall he's a terrific asset for the growth of the company,' said Cocco.
Stearman has many years of experience in multiple aspects of the auto service industry including a stint as a quality engineer for General Motors. 'I've been very successful in building up the All Night Auto brand in this area and I look forward to adding more All Night Auto stores in Oklahoma City and Tulsa markets,' said Stearman. 'I also look forward to driving the expansion of our brand throughout the entire Western region, especially Arizona where we have one store now. I can get our stores up and running very quickly and I like seizing great opportunities. What I see in the Midnight management team and the All Night Auto brand is the opportunity for expansion and real participation in the growth of an organization. I am excited to be a part of something like this.'
Rich Bruder, in-house counsel for Midnight Holdings, said, 'Steve will be a major asset in the continuing improvement of our infrastructure and efficiency. Now that Steve has joined our team, he can spend more time doing what he does best - taking care of customer needs. Additionally, his extensive knowledge at the store level will be used to generate growth for the company.'
