These are mid-size production volume programs and MWW has also been charged to manage all inventory and delivery logistics for Five Axis. This ranges from raw material inventory to on-demand and drop shipments to the large Five Axis distributing network, including the large Toyota Vehicle Processing Centers and Five Axis Toyota retailers all across the US.
"We are extremely pleased that Troy Sumitomo has decided to award these programs to MWW," states Chuck Pinkerton, CEO of MWW Automotive. This will allow us to assign dedicated re-finishing production lines and teams to the Scion products and produce even more effectively for Five Axis, in order to satisfy their extremely high quality and logistics requirements. Chuck Pinkerton continues:"This kind of highly specialized production capability that is required for these extremely high-end and custom designed Five:AD accessory products is our core competency and reflects our commitment to provide the highest production quality in the industry to our customers in this market segment."
About Five Axis
Founded in 1995 by Troy Sumitomo, Five Axis is a high-end design and prototype studio located in Southern California. For well over a decade, the Five Axis team of designers and fabricators has developed, engineered and fabricated some of the world's most amazing concept show cars. Five Axis' team of world-class designers has also turned its attention to the automotive aftermarket with its FIVE:AD line of aftermarket styling products. Designed and crafted with the same meticulous attention to detail as its world-renowned Five Axis concept cars, FIVE:AD (which stands for "Five Axis Design") products make it possible for the discriminating enthusiasts to own a growing line of aero kits, spoilers, wheels and other styling accessory parts with the highest quality fitment and finish available. For more information on the FIVE:AD product line visit http://www.fivead.net.
About MWW Automotive Group (OTCQB: MWWC)
The MWW Automotive Group's (MWWC) administrative offices are located in Howell, Michigan, with a 40,000 square foot 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 services directly to major US and Foreign automobile manufacturers' Vehicle Processing Centres (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/FOHA. For more information visit www.mwwautomotive.com or e-mail investorrelations@mwwautomotive.com
Safe 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."
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