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Thursday, February 16, 2012 3:38:09 AM
The MWWC Conference Call was very enlightening and informative. The company outlined its plan for significant growth moving forward. Here are some of the more prominent points of my notes from MWWC Shareholder Conference Call 1/31/12
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* MWWC Went Public in 2006.
* Toyota was the major customer and major revenue source.
* Last few years marked turmoil in financial markets and auto industry. (GM went bankrupt)
* MWWC Implemented cost reduction strategies (lowered overhead) while increasing production output and maintaining high quality at same time.
* MWWC Only at starting point of improving financial performance in quarter 2.
* Expanding company customer base to overcome company vulnerability. Less reliance on one customer such as Toyota in the past.
* MWWC received no business from largest customer Toyota for 6 months.
* Had 2 operating divisions in Baroda & Manufacturing in Howell. Combined both at Baroda. Creating efficiencies and eliminating cost burden of a 2nd operating facility.
* Concentrating on client & product diversification both globally & domestically. Agriculturally & Industrial & Green energy.
* Has expanded product offerings.
* Agricultural equipment are 7 year programs vs Automotive tend to be 3 years. Increased revenue stability.
* Next few years expect to turn 12% of $150 RFQ into Revenue. The $150M RFQ number is not stagnant, will also be new RFQ's added in future.
* Some tier 1 companies are recommending MWWC to their clients because they can not perform the work themselves at a competitive price.
* Colortek Class A painting facility in Baroda, Michigan is 50,000 square feet under roof, on 20 acres land. ISO Certified
* MWWC
2008 orders reduced 26%
2009 orders reduced 22%
2010 orders reduced 38%
* MWWC is Tier 2 supplier serving Tier 1 suppliers
Tier 1 becoming our sales force
(Tier 2 is high Margin vs Tier 1 Low Margin)
* $150M RFQ's Breakdown
56% - automotive exterior products
35% - agricultural & industrial products
9% - automotive interior products
* Projects currently running
Ford Edge
Ford -150 pick up truck
2 versions of Ford Mustang
Chevy Malibu
Chevy Sonic
Mazda MX-5
Suburu Outback
* New MWWC customers - expanded customer base
Polytec Foha
Mazda North America
Roush
New Industrial client - GSI International out of Italy - $50M RFQ from Case New Holland
* Not typical penny stock, no pump and dump campaigns, no frequent PR with no substantiated facts. Completed projects & Revenue will move the company forward.
* No access to traditional financing at this time. No new financing equals no growth. New financing equals growth moving forward eventually increase share price.
* Stock severely undervalued based on future potential MWWC. Exceptional opportunity to get in at the bottom.
* O/S 156M with most conversions already done.
* Most conversions have 6 to 12 month restictions
* At some point MWWC will have to pick and choose which projects to accept.
* Are working on traditional methods of financing.
Q & A Segment
* Revenue projections - current Q $4M. 2013 double to $8m. 2014 accelerate to substantially increased Revenue.
* Goal is to raise stock price to attract Institutional Interest.
* Currently working on obtaining Stimulus money from Obama Administration, but admittedly is very difficult for a small company.
* $50M RFQ via GSI International for Case New Holland
* The upper estimate for O/S is 200M at some time in the future, depends on how quickly company can increase Revenue.
* Production capacity
3 paint lines on 3 shift ability
Core group 45 employees, access to Temp Help Agency
MWWC owns 20 acres land is a rural setting, could easily double capacity in future through expansion.
* Could MWWC handle $10M in revenue production at once?
Absolutely, easily, can handle a lot more than $10M.
* Nothing ongoing at moment but Acquisitions are always a possibility.
It is highly recommended that every investor listen to the Conference Call.
Shareholder Conference Call Recording
http://cfsg1.com/audio/MWW-CONFERENCE-CALL-1-31-12.mp3
MWWC
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