MPA Announces New Line of Personal Watercraft Starters
LAS VEGAS--Nov. 4, 2003--Motorcar Parts of America (OTC: MPAA), recognized as an industry leader in the manufacture and remanufacture of starters and alternators for the automotive aftermarket, today announced the introduction of a new line of personal watercraft starters at the AAPEX tradeshow in Las Vegas. Personal Watercraft (PWC), which includes the popular JetSki and Seadoo brands, represents a new vehicular segment for the 35-year-old company.Building upon MPA's expertise in automotive starters and alternators, the expansion to PWC starters appeared to be a natural fit for the company. "The growing popularity of Personal Watercraft has contributed to increased demand for high quality aftermarket starters for these vehicles," states CEO Selwyn Joffe. "MPA's advanced engineering and manufacturing techniques enable us to provide a line of remanufactured PWC starters that will extend our reputation for reliability."
Every MPA PWC starter benefits from the same dedication to quality and engineering that makes its automotive line among the most durable in the industry. MPA's quality-driven engineering and manufacturing processes include durability testing and root cause analyses -- in addition to "lean" manufacturing techniques originally developed by Toyota -- which contribute to a vastly improved product with increased durability and reliability.
About MPA
Motorcar Parts & Accessories, dba Motorcar Parts of America (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 also assembles and distributes ignition wire sets for imported and domestic cars and light trucks. MPA has facilities in the United States in Torrance, California, and Nashville, Tennessee, as well as overseas in Singapore and Malaysia. The company website is located at www.motorcarparts.com.
Disclosure Regarding Private Securities Litigation Reform Act of 1995:
This press release may contain certain forward-looking statements with respect to the future performance of the Company that involve risks and uncertainties. Various factors could cause actual results to differ materially from those projected in such statements. These factors include, but are not limited to: concentration of sales to certain customers, changes in the Company's relationship with any of its customers, the potential for changes in consumer spending, consumer preferences and general economic conditions, increased competition in the automotive parts remanufacturing industry, unforeseen increases in operating costs and other factors discussed herein and in the Company's filings with the Securities and Exchange Commission.