Mizati Revenues Rise 35% in 2006, Expects Sales to Double in 2007

LOS ANGELES, May 23, 2007 -- Mizati Luxury Alloy Wheels, Inc. , a distributor of high-quality luxury alloy wheels for passenger cars, sport utility vehicles, vans and light trucks announced its sales have hit record highs each consecutive year since 2003. Total revenue for fiscal year 2006 was $4,162,915, an increase of 35%, compared to $3,077,126 in 2005. Mizati's revenue growth this year, and its unparalleled two year growth of 325%, bears witness to its trend of strong and profitable growth.

Grace Wang, V.P. of Investor Relations commented, "2006 was a significant year for Mizati. We had strong sales growth, and more importantly, positioned ourselves to emerge as a leader in the specialty automotive equipment industry. In 2007, we broke new ground by generating revenue in South American markets, as well as our significant entry into the RTO markets. Both of these markets are in addition to expected organic growth from domestic distributions. Based on this strategic position, we are expecting to continue to be profitable while doubling our 2007 sales."

Since Mizati began trading publicly in March, the company has made great strides towards becoming a major player in the specialty automotive equipment industry. Mizati has moved into a larger facility, secured its first international sales orders in South America, and most notably, made the strategic decision to open a retail chain of Rent-To-Own (RTO) wheel and tire stores under the name "Wheel Lots."

"Today most people want their vehicle to reflect who they are. Custom wheels are more popular than ever, and in most cases are more expensive too. We are launching RTO stores to make our wheels available to a broader customer base. Not everyone can pay full price for a new set of wheels and tires as frequently as they desire," noted CEO Hazel Chu, "car lovers usually prefer the flexibility to switch into a new design when there's not as much financial strain."

The RTO industry isn't just about furniture and appliances anymore. Americans spent $6.7 billion on RTO transactions in 2006 at over 8,300 stores. The wheel and tire business has been the RTO industry's latest success story. There are about 225 wheel and tire RTO stores in the United States, some integrated with traditional RTO stores, and others as stand-alone wheel and tire stores. The Mizati management team made its decision after months of careful market examination. "From research data, stand-alone RTO wheel and tire stores are bringing in approximately $75,000 per month and higher. This is an excellent opportunity for us to expand our sales, our brand, and our margins," said Chu.

By diversifying the company into domestic, international, and RTO segments, Mizati hopes to synergize its efforts to gain market share and increase profitability. Wheel shipments are expected to double in 2007 and the first three Wheel Lots stores are scheduled to open by the end of Q3. Each Wheel Lots store is projected to generate annual revenues of $900,000. "Wheel Lots is a business model that will allow us to expand our market share and continue growing at a faster pace than the industry," added Chu.

About Mizati Luxury Alloy Wheels, Inc.

Mizati Luxury Alloy Wheels, Inc. ("Mizati") designs, markets and distributes high-quality custom alloy wheels for passenger cars, sport utility vehicles, vans and light trucks. Incorporated in 2001, the company operates from its corporate headquarters in Walnut, California. Mizati currently markets and distributes three separate and unique brands of luxury wheels, "Mizati(R)," "Hero(TM)" and "Zati(TM)," through a network of 300 dealers and distributors.

For more information about Mizati Luxury Alloy Wheels, Inc. , visit the company website at http://www.mizatiwheels.com/.

"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Any statements that are not historical facts contained in this release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. It is possible that the assumptions made by management for purposes of such statements may not materialize. Actual results may differ materially from those projected or implied in any forward-looking statements. Such statements may involve risks and uncertainties, including but not limited to those relating to product demand, pricing, market acceptance, the effect of economic conditions, intellectual property rights, the outcome of competitive products, risks in product development, the results of financing efforts, the ability to complete transactions, and other factors discussed from time to time in MZTI Securities and Exchange Commission filings. MZTI undertakes no obligation to update or revise any forward-looking statement for events or circumstances after the date on which such statement is made.