MWWC... .0065...53 million outstanding...
MWW CEO Provides 2012 Outlook Projects Strong Increase in Revenue and Bottom Line for 2012
HOWELL, MI: October 27, 2011: MWW Automotive Group (OTCQB: MWWC), a global design, engineering, and manufacturing firm, serving the world’s leading automotive and industrial markets, today is providing an insight into new developments and projected revenue growth for the Company.
After having successfully worked through the most turbulent time in the Company’s history during the last 16 months, the Company’s management and consulting teams, led by its new CEO, Charles Pinkerton have made substantial progress on the path of recovery and expect to return to substantial revenue growth and profitability during 2012.
Exceptional problems in the automotive industry during that period were compounded by problems in the financial industries, causing a rapid decrease in sales of automobiles and automotive accessory components. This was followed by several crucial recall issues for Toyota, at that time the Company’s largest customer, and finally climaxed by the catastrophe in Japan, resulting in a shortage of inventory by all Japanese automotive manufacturers and many US manufacturers.
Proactive Action Instead of taking a “wait and see” position we have reacted proactively and quickly adjusted to the changing market conditions. As a reaction to this new and challenging environment, our team has implemented aggressive cost-down-exercises and significantly streamlined and improved every aspect of MWW during the last year, with a direct focus on our “Class A” Certified Painting and Fulfillment Facility in Baroda Michigan. Forty (40) years of experience in the automotive and Industrial industries in combination with the excellent track record of MWW and a truly dedicated management and consulting team, has allowed me as the CEO to introduce the new and improved MWW to many new automotive and non automotive clients. In addition, and in order to reduce MWW’s potential vulnerability based on customer and/or industry concentration, we have aggressively pursued new marketplaces, such as the industrial machinery industry. Combining these operational efforts with the efforts of MWW’s long time consultant Rainer Poertner to secure additonal funding and increase the market awareness for our stock, has allowed us to finance our continuing operations and expedite our new development and expansion projects, despite the past difficult times in the industry in general.
Expanded Customer Base Based on these concerted actions we have been able to significantly expand our customer base and secured many new automotive projects for General Motors, Chevrolet, Ford, Nissan, and Toyota to name a few. As a long time supplier of exterior automotive components for Toyota, one of the most important developments in our company’s history is our recent move into the automotive interior supply chain. Accordingly, we have recently been awarded interior programs for both the Chevrolet Sonic and the Ford 150 Truck Line. These are two of the very crucial developments in the MWW diversification effort, implemented to secure continuing operations and increasing revenues.
Strategic Alliances
Fueling the confidence in our ongoing growth and success to a large
degree, are our newly established Strategic Alliance Supplier
Relationships with both Automotive and Non Automotive companies such as Polytec Foha, GSI International, Roush Automotive, A&K Finishing and American Autocoat to name a few. These types of
relationships will provide MWW with new business opportunities
and projects lasting well into the next two to five years. As we have
consistently stated over the past two years, the reduction of
production volume and the move to smaller but more frequent
production runs by the large manufacturers, falls squarely into MWW’s core competency. MWW’ has focused on these
opportunities, expanded and maximized our production process and capacity, while continuing to provide a high quality added value product and logistics service for our client base. The consolidation in the industry is beginning to establish MWW center court within this trend.
New Opportunities in the Industrial Markets The Company has begun to expand its client and product roster, in order to further diversify our customer base and enter into new market segments. We now have a widely diversified mixture of global and domestic clients in the automotive and for the first time also in the industrial market segment, providing greater downside protection against challenges with specific manufacturers, market segments, or geographic sectors within the global automotive industry.
The most significant improvement in our business model has been the successful move into the industrial markets in addition to our new automotive markets. This allows us to present a strong outlook for our financial performance in 2012 and the years to follow. Over the last 16 months these concentrated efforts have generated 126 new proposals with an enormous revenue potential over the next 5 years.
Continued Information While for confidentiality and competitive reasons we often times cannot provide precise operational and financial detail of our ongoing and upcoming operations and productions, we will begin a semiannual or quarterly conference call, providing a review of the past six months or quarter and a general outlook for the coming six months. The first of such calls will be launched in the second week of January.
In the meanwhile this letter serves to provide you with an update of our current productions and a general overview over the next twelve months. The quoting process with all products mentioned below has been concluded and we have reasonably reliable expectations about the feasibility of being awarded these projects and accordingly the start date of new production. Accordingly, we already have and will continue to expand our production capacity by adding new production lines and equipment and hiring additional personnel.
Current Client Component Mix in Production
Below you will find a listing of the projects that are currently in production at our facility in Baroda, Michigan.
Chevrolet Motors, Interior / Exterior
Ford Motor Company, Interior / Exterior
Toyota, Exterior
Nissan, Exterior
Volkswagen, Exterior
GSI International, Agricultural / Industrial
Toyota Camry Rear Deck spoiler
Toyota Corolla Rear Deck Spoiler
Toyota Corolla Body side Moldings
Toyota Venza Body side Moldings
