LOS ANGELES, Feb. 19, 2008 (PRIME NEWSWIRE) -- Mizati Luxury Alloy Wheels, Inc. (Pink Sheets:MZTI), an importer wholesaler of high-quality luxury alloy wheels for passenger cars, sport utility vehicles, vans and light trucks, has relocated its headquarters to an expanded facility in Pomona, CA.
The new facility is approximately 36,000 sq. feet and will allow Mizati to expand its inventory to well over double the old capacity. A larger inventory base will allow the Company to be more responsive to fluctuations in customer demand as well as cater to big distributors who tend to purchase in large lots in order to gain economies of scale. This strategic decision should allow Mizati to land larger scale contracts.
"The challenge in working with well established distributors is the constant demand for on-site inventory," said CEO Hazel Chu. "Speed to market is critical and we must be able to draw on larger inventory reserves in order to cater to big distributors. We have established networks with several large distributors who have verbally committed to placing orders. In addition, we expect an improved turn around time as inventory flows out in larger quantities."
About Mizati Luxury Alloy Wheels, Inc.
Mizati Luxury Alloy Wheels, Inc. ("Mizati") is an innovative, fast-growing designer and importer wholesaler of custom luxury alloy wheels for passenger cars, sport utility vehicles, vans and light trucks. Mizati currently markets and distributes three separate and unique brands of luxury wheels, "Mizati(r)" "Hero(tm)" and "Zati(tm)" through a network of 425 dealers and distributors. Mizati's mission is to be the premier brand and designated source for high-quality, value-priced wheels, rims, and automotive accessories.
For more information about Mizati Luxury Alloy Wheels, Inc. (Pink Sheets:MZTI), visit the Company Web site at http://www.mizatiwheels.com.
The Mizati Luxury Alloy Wheels, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3904
"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.