Motorcar Parts of America Receives Extra Miler Award from AutoZone
LOS ANGELES, Feb. 13, 2006 -- Motorcar Parts of America, Inc. ("MPA") , a leading provider of remanufactured alternators and starters for the automotive aftermarket, announced today that it was recognized with AutoZone Inc.'s Extra Miler award for the second consecutive year at the AutoZone Vendor Summit on January 18, 2006.
AutoZone, one of the nation's leading auto parts and accessories retailers, presents the prestigious Extra Miler award each year to a select group of it's several hundred suppliers that have gone the extra mile for AutoZone and its customers. Winners are recognized for their ability to provide outstanding support for their individual product categories.
AutoZone cited the following criteria as the basis for recognizing MPA with the Extra Miler award:
* MPA went above the call for "knowing our parts and products" through several major programs such as category management * MPA continues to use and apply the "lean concept" to drive improvements internally and at AutoZone About MPA
Motorcar Parts of America, Inc. is a leading remanufacturer of replacement alternators and starters for imported and domestic cars and light trucks in the United States and Canada. MPA has facilities in the United States in Torrance, California, and Nashville, Tennessee, as well as in Mexico, Singapore and Malaysia. MPA's websites are located at www.motorcarparts.com and www.quality-built.com.
Disclosure Regarding Private Securities Litigation Reform Act of 1995
This press release contains certain forward-looking statements with respect to our future performance 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 our relationship with any of our customers, including the increasing customer pressure for lower prices and more favorable payment and other terms, the increasing strain on our cash position, our ability to achieve positive cash flows from operations, potential future changes in our accounting policies that may be made as a result of an SEC review of our previously filed public reports, our failure to meet the financial covenants or the other obligations set forth in our bank credit agreement and the bank's refusal to waive any such defaults, any meaningful difference between projected production needs and ultimate sales to our customers, increases in interest rates, changes in the financial condition of any of our major customers, the impact of high gasoline prices, the potential for changes in consumer spending, consumer preferences and general economic conditions, increased competition in the automotive parts industry, political or economic instability in one of the foreign countries where we conduct operations, unforeseen increases in operating costs and other factors discussed herein and in our filings with the Securities and Exchange Commission.