Motorcar Parts Makes Preliminary Earnings Announcement

    TORRANCE, Calif.--May 6, 2002--Motorcar Parts & Accessories, Inc. (Internet billboard:MPAA) announced today that its net income for the fiscal year ended March 31, 2002 will be in excess of $7,000,000 or over $.90 per share per share (fully diluted).
    This compares to a net loss of ($4,102,000) or ($.63) per fully diluted share for the fiscal year ended March 31, 2001. Revenues for this most recent fiscal year will be in excess of $171,000,000 as compared to revenues of $160,699,000 for the fiscal year ended March 31, 2001. The final results for the fiscal year ended March 31, 2002 will be released following completion of the year-end audit.
    Anthony Souza, MPA's President, stated, "We have been able to post strong sales, provide outstanding customer service, create efficiencies and improve the company's profitability."
    MPA is a leading manufacturer of replacement alternators and starters for imported and domestic cars and light trucks in the United States and Canada. MPA's full line of alternators and starters are remanufactured for import and domestic vehicles.