LOS ANGELES, April 19 /PRNewswire-FirstCall/ -- Mizati Luxury Alloy Wheels, Inc. , a distributor of high-quality luxury alloy wheels for passenger cars, sport utility vehicles, vans and light trucks, announced today that it has successfully signed up additional factories to help meeting with the increasing demands of its wheels.
The new suppliers will help Mizati keeping up with its growing U.S. demand and expand into international markets. "These are in addition to our existing suppliers. We usually sign up new suppliers in the second quarter of the year, but this year we made an earlier decision in order to meet with increased demand both domestically and internationally," said CEO Hazel Chu.
"Our business is growing both in the U.S. markets and internationally. This year we're expecting our shipments to double compared to 2006." The additional production capacity will allow Mizati to satisfy the increased customer base as well as broaden its market share.
About Mizati Luxury Alloy Wheels, Inc.
Mizati Luxury Alloy Wheels, Inc. ("Mizati") designs, markets and distributes high-quality custom alloy wheels for passenger cars, sport utility vehicles, vans and light trucks. Incorporated in 2001, the company operates from its corporate headquarters in Walnut, California. Mizati currently markets and distributes three separate and unique brands of luxury wheels, "Mizati(R)," "Hero(TM)" and "Zati(TM)," through a network of 300 dealers and distributors. Mizati has achieved an average annual revenue growth rate of 102% for the past three years, and had total revenue of over $4 million in 2006.
For more information about Mizati Luxury Alloy Wheels, Inc. , visit the company website at http://www.mizatiwheels.com.
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Any statements that are not historical facts contained in this release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. It is possible that the assumptions made by management for purposes of such statements may not materialize. Actual results may differ materially from those projected or implied in any forward-looking statements. Such statements may involve risks and uncertainties, including but not limited to those relating to product demand, pricing, market acceptance, the effect of economic conditions, intellectual property rights, the outcome of competitive products, risks in product development, the results of financing efforts, the ability to complete transactions, and other factors discussed from time to time in MZTI Securities and Exchange Commission filings. MZTI undertakes no obligation to update or revise any forward-looking statement for events or circumstances after the date on which such statement is made.