Motorcar Parts & Accessories, Inc. Board Approves Name Change to Motorcar Parts of America, Inc.
LOS ANGELES--Nov. 7, 2003--Motorcar Parts & Accessories, Inc. ("MPA") (OTC:MPAA), a leading provider of remanufactured starters and alternators for the automotive aftermarket, today announced that the Company intends to change its name to Motorcar Parts of America, Inc.The name change proposal was approved by the Board of Directors and will be submitted for voting at the Company's annual shareholders' meeting to be held in December 2003.
"The name Motorcar Parts of America allows us to more effectively communicate the Company's mission and position our products and services in the markets we serve," said CEO Selwyn Joffe. "MPA's quality, technical expertise and cost structure are unsurpassed in the automotive aftermarket industry. Motorcar Parts of America will serve as our umbrella brand as MPA continues to expand our position in the remanufactured alternator and starter market and enter new markets and broaden our product portfolio in the future."
About MPA
Motorcar Parts & Accessories, Inc., 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.
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