Motorcar Parts of America, Inc. Announces Conference Call to Discuss Fourth Quarter and Fiscal Year 2006 Results
LOS ANGELES, July 11 -- Motorcar Parts of America, Inc. ("MPA") , a leading provider of remanufactured alternators and starters for the automotive aftermarket, announced today that it will host a conference call at 1:00 p.m. PT (4:00 p.m. ET) on Thursday, July 13, 2006 to discuss results for the fourth quarter and fiscal year ended March 31, 2006.
Joining Selwyn Joffe, Chairman, President and CEO of MPA, will be Mervyn McCulloch, Chief Financial Officer. The Company plans to distribute its earnings announcement that same day.
To participate in the conference call, please dial the following number five to ten minutes prior to the scheduled conference call time: (800) 399-7496. International callers should dial (706) 634-6508. There is no pass code required for this call.
If you are unable to participate in the call at this time, a replay will be available on Thursday, July 13 at 2:00 p.m. PT (5:00 p.m. ET), through Thursday, July 20 at 9:00 p.m. PT (midnight ET). To access the replay dial (800) 642-1687 and enter the conference ID number 2921060.
This conference call will be broadcast live over the Internet and can be accessed by all interested parties on the MPA website at www.motorcarparts.com. To listen to the live call, please go to the MPA website at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software. For those unable to participate during the live broadcast, a replay will be available shortly after the call on MPA's website for 90 days.
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, lower revenues than anticipated from new and existing contracts, 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, difficulty in obtaining component parts or increases in the costs of those parts, political or economic instability in any of the foreign countries where we conduct operations, unforeseen increases in operating costs and other factors discussed in our filings with the SEC.
For more information, contact: Crocker Coulson Selwyn Joffe President Chairman, President & CEO CCG Investor Relations Motorcar Parts of America, Inc. (310) 231-8600 ext. 103 (310) 972-4005 crocker.coulson@ccgir.com