MWW Automotive Reports Financial Results for Fiscal Year 2012

        MWW Automotive Reports Financial Results for Fiscal Year 2012

PR Newswire

HOWELL, Mich., Jan. 15, 2013

HOWELL, Mich., Jan. 15, 2013 /PRNewswire/ -- MWW Automotive Group (OTCQB:
MWWC), a global automotive firm providing OE manufacturing of accessories and
complete logistics services to many of the world's leading automotive and
industrial manufacturers, issued today its financial report for the Fiscal
Year 2012, ending on September 30, 2012. The full text of the Company's
audited Annual 10K Report can be reviewed on the Company's web site at
www.mwwautomotive.com or at the SEC website www.sec.gov.

(Logo: http://photos.prnewswire.com/prnh/20110816/DE52700LOGO )

"The last twelve months have been a crucial and complex year in MWW's business
history, dealing with the consequences of the loss of our largest Toyota
customers moving their accessory business back to Japan and Toyota Motor
Services," states Chuck Pinkerton, CEO of MWW Automotive. "These customers
represented the majority of our revenues for many years. Accordingly, our
income decreased further during 2012 in comparison to 2011, although we were
able to come close to meeting our revised projections. We have aggressively
reacted to these changing market conditions and have reorganized the Company,
so it would not only help us to survive these difficult times, but also
re-focus on the core strength of MWW. Restructuring the company and revising
its capitalization, rebuilding a strong roster of new major clients and
expanding into different industries was the focus during 2012."

Mr. Pinkerton continues: "Based on our track record for high-quality OE
production and customer satisfaction, we are now taking advantage of the
increasing demand by large manufacturers for smaller, but more frequent
production runs, a core competency that we have been focusing on over the last
few years. We have been able to further reduce our overhead, while at the same
time expanding our production capacity and secure a substantial amount of new
business with new large customers in the automotive market as well as in the
industrial machinery markets. During 2012 we still experienced significant
delays with the launch of several of our new projects, especially with our new
industrial client. Consequently we still generated limited revenues during FY
2012. With several of the new programs from our major clients now in
production, we are confident that beginning in Q2 of 2013, revenues will start
to increase again, with a moderate increase already expected during Q1 2013.
We hope that our expected improving financial performance, combined with the
reduced need for unfavorable financings and the appropriate marketing
campaigns going forward, should have a positive impact on MWW's share price."

COMPARISON OF THE YEAR ENDED SEPTEMBER 30, 2012 TO THE YEAR ENDED SEPTEMBER
30, 2011 REVENUES

Net revenues were approximately $790.211 for the year ended September 30,
2012. Our revenues decreased $1.1 Million from the year ended September 30,
2011. This decrease is attributable to the fact that during 2011 we lost our
largest customer, Toyota, who represented a majority of our total revenues.
Since then we have been focused on restructuring our entire organization,
reviving product selection, re-focusing on our core business and acquiring new
customers in the automotive as well as in the commercial industries.

OPERATING EXPENSES
In an effort to return the company to profitability, we have reduced operating
expenses without sacrificing production capacity and/or quality. Selling,
general, and administrative expenses were $1,413,139 in 2012 compared to
$1,712,760 during 2011. The decrease of $299,620 in costs is attributable to
management's stringent efforts to reduce overhead costs while further
streamlining operations.

OPERATING LOSS
Reconciling our net loss to cash we produced a net loss of $515,077. While the
loss attributable to the Company is reported at $11,116,725, the loss from
operations was $1,723,232. The largest positions of the loss attributable to
Company and operations consists of several large NON-CASH positions, such as
the change in derivative liability, change in operating assets and
liabilities, non cash interest and other non-cash items. Based on significant
cost-down exercises and the streamlining of several crucial processes and
positions throughout the company, reconciling our net loss to cash produced a
loss of $515,077. With the anticipated increase in revenue and improving cash
flow, beginning in Q2 of 2013, there should be a decreasing need for
additional unfavorable financing and accordingly a positive impact on the
company's share price. Please see a detailed breakdown in our 10K financial
filings with the SEC.

About MWW Automotive Group (MWW)

The MWW Automotive Group's (OTCQB: 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."



SOURCE MWW Automotive Group

Website: http://www.mwwautomotive.com
Contact: Rainer Poertner, Business Development, +1-310-306-1266 Office Los
Angeles, +1-517-540-0045 x 43 Office Detroit, +1-310-614-2454 cell,
+1-310-822-1633 fax, poertner@mwwautomotive.com
 
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