Source: Motorcar Parts of America, Inc.
LOS ANGELES, March 5, 2008 (PRIME NEWSWIRE) -- Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced it has received certification as an approved vendor by Aftermarket Auto Parts Alliance, Inc. for alternators and starters offered to the organization's members operating more than 5,000 stores and certified service centers under the Auto Value and Bumper to Bumper names.
"This certification offers significant marketing exposure and sales potential -- providing our company the opportunity to increase market share within the professional automotive repair segment. Aftermarket Auto Parts Alliance members supply parts for a broad range of vehicles, and we offer an extensive range of alternators and starters for domestic and imported automobiles. We are gratified by the recognition and confidence in the quality of our products and service, and look forward to working with this important industry organization," said Selwyn Joffe, chairman, president and chief executive officer of Motorcar Parts of America.
About Motorcar Parts of America
Motorcar Parts of America, Inc. is a remanufacturer of alternators and starters utilized in imported and domestic passenger vehicles and light trucks. Its products are sold to automotive retail outlets and the professional repair market throughout the United States and Canada, with facilities located in California, Tennessee, Mexico, Malaysia and Singapore. Additional information is available at www.motorcarparts.com
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for certain forward-looking statements. The statements contained in this press release that are not historical facts are forward-looking statements based on the company's current expectations and beliefs concerning future developments and their potential effects on the company, including the expected benefit and sales potential derived from this certification. These forward-looking statements involve significant risks and uncertainties (some of which are beyond the control of the company) and are subject to change based upon various factor. Reference is also made to the Risk Factors set forth in the company's Form 10-K Annual Report filed with the Securities and Exchange Commission (SEC) in June 2007 and in its Form 10-Qs filed with the SEC thereafter for additional risks and uncertainties facing the company. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.
Maier & Company, Inc. Gary S. Maier (310) 442-9852