MPA Announces New Line of Hi-Amp Alternators
LAS VEGAS--Nov. 4, 2003--Motorcar Parts of America ("MPA")(OTC:MPAA), a leading provider of remanufactured starters and alternators for the automotive aftermarket, today announced the introduction of a new line of high amperage (hi-amp) alternators at the AAPEX tradeshow in Las Vegas. Designed for vehicles that demand extra amperage to operate high-performance sound systems, entertainment systems, lighting packages or other aftermarket modifications, these hi-amp alternators will be marketed to consumers through automotive parts retailers."As automobile enthusiasts seek to enhance their driving experience with the latest electronics, the demand for power often exceeds the capabilities of many factory-installed alternators," stated CEO Selwyn Joffe. "These new high-amp alternators provide plenty of power to support advanced entertainment systems and other high amperage electronic devices, without compromising vehicle performance and reliability."
Every MPA hi-amp alternator 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.