Auto Life Announces Manufacturing Agreement
CARLSBAD, Calif.--Jan. 17, 2003--Auto Life Acquisition Corp. ("Auto Life"), manufacturer of internal auto and engine cleaning systems, today announced that it had entered in to a strategic manufacturing agreement with Corlund Electronics.Under this agreement, Corlund will manufacture all of Auto Life's requirements for its Engine Cleaning and Transmission Flushing machines. Corlund will also manufacture Auto Life's new products -- a Fuel Injection Cleaning System and a Coolant Flushing machine -- when they are rolled out in early 2003.
With annual revenues approaching $100 million per year, Corlund is the largest contract manufacturer in Southern California, and the 56th largest contract manufacturer in the world, according to a recent survey by Electronic Business. Corlund will manufacture Auto Life products at its 65,000 sq ft facility in Vista, Calif., where it maintains sheet metal fabrication, precision machining and electronics assembly capabilities.
Auto Life Acquisition Corp. recently purchased 100 percent of the business and intellectual property assets of the former Auto Life USA Inc., as well as its predecessor company, AATI. Auto Life Acquisition Corp. was formed by Dick Mc Gorrian, other industry professionals and outside investors. The former principals of Auto Life USA Inc. have no ownership or management role in the new company, according to Mc Gorrian.
"This alliance with Corlund will provide Auto Life with a manufacturing capacity to support the volume and quality requirements of our customer base that is unmatched in our industry," stated Mc Gorrian, president of Auto Life.
According to Don Snedden, vice president of business development for Auto Life, "The expertise that Corlund brings to the table, in both the manufacturing and product configuration arenas, will enable Auto Life to offer the most reliable and highest performance machine in the market place."
"We are pleased that Auto Life has selected Corlund as its exclusive manufacturer," stated Lyle Jensen, CEO of Corlund Electronics. "We are most impressed with Auto Life's product line. Our vertically integrated manufacturing capabilities uniquely position us to support Auto Life's requirements," he added.
For further information on the NEW Auto Life and its family of Internal Auto and Engine Cleaning systems, contact Dick Mc Gorrian or Don Snedden at 760/438-9774.