Over a period of nearly two years, GSI's technical teams have successfully conducted due diligence and certifications of the MWW production facility and capacity and both companies have finalized implementing the required logistics structures to commence with production. Based on the expected demand on its production capacity, MWW has expanded its production facilities in several areas, including the installation of additional advanced paint systems, an oversized paint booth and bake oven. MWW will be running a separate shift exclusively devoted to GSI to accommodate the component size and increasing volume demands. Shipping containers with raw product will arrive at MWW on a monthly basis, to be prepped, painted, quality controlled and distributed from MWW directly into GSI's North American network.
"We are extremely pleased to have been selected by GSI as their North American supplier" states Chuck Pinkerton, CEO of MWWAutomotive. We have been working intensively with GSI for nearly two years to certify our production facilities and logistics capabilities beyond our existing ISO certification to the standards of GSI's partners and clients such as Case, Caterpillar and New Holland, to name a few. Since we now have passed all GSI certifications and received approval of our production facilities and processes, we are ready to begin production for GSI's large projects of oversized industrial components. We have established a segregated second production line to produce exclusively for GSI. We very much appreciate that GSI recognizes our high-quality production capabilities and trusts us with the production of such large components and crucial projects."
Roman M. Kuropas, President of G.S.I. North America states: "We have been working intensively with Chuck Pinkerton, MWW’s CEO and his manufacturing and management team, conducting thorough due diligence of the Company's production facilities, quality control and logistics processes. Based on their longstanding track record of high-quality production for several major global automobile manufacturers and the company's advanced logistics capabilities, we are extremely pleased to enter into this relationship. We are looking forward to a close and long term relationship that will be beneficial and profitable for both sides for a long time to come."
About MWW GSI International
GSI International is a Global manufacturer, assembly, fulfillment and logistics company for the Global industrial markets. Headquartered in Scanzorosciate, Italy with production and fulfillment plants in Italy, Germany, UK, China, Brazil and the U.S., GSI's core business consists of industrial/agricultural and automotive components. GSI's portfolio contains forty (40) world class corporations, many of them Fortune 100 and Fortune 500 companies, such as Case, Deere, Cat, New Holland and Fiat. GSI shares several joint ventures with Fiat, acting as a business partner not only for the manufacturing of automotive and industrial components, but also North American fulfillment and logistics center for most of their companies. The G.S.I North America headquarters is located in Chicago, Illinois. For more information please visit www.GSISPA.com .
About MWW Automotive Group (MWW)
The MWW Automotive Group (OTCQB: MWWC) is headquartered in Howell, Michigan, with a Class A manufacturing and logistics facility in Baroda, Michigan for the production of high quality OE automotive and industrial products. MWW delivers its products and Class A painting, assembly and logistics serv ices directly to major US and Foreign automobile manufacturers' Vehicle Processing Centers (VPC), leading edge show car and performance accessory design firms, and/or assembly lines in North America. MWW' s industrial products are delivered directly to the industrial manufacturers for installation in their facilities. MWW provides substantial added value to the sale of vehicles and industrial products for leading international automobile and industrial manufacturers such as Toyota, Chevrolet
,
Hyundai, Kia Motors, MAZDA, GM, Ford, FIVE AXIS and their strategic
partners ROUSH Performance and Polytec. For more information visit
www.mwwautomotive.com or e-mail investorrelations@mwwautomotive.comSafe Harbor Statement: 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 www.sec.gov under "Search for Company Filings."
Contact MWW Automotive
Rainer Poertner, Business Development
310-306-1266 Office Los Angeles
517-540-0045 x 43 Office Detroit
310-614-2454 cell
310-822-1633 fax
rpoertner@mwwautomotive.com www.mwwautomotive.com
Published at investorideas.com newswire
Disclaimer / Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: Investorideas.com has been compensated for news release distribution and publishing on its affiliates and partners: equivalent of six thousand in 144 shares.
http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
No comments:
Post a Comment