Mizati Finalizes Lease on 1st Rent-To-Own Store

LOS ANGELES, May 24, 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 today that it has finalized a lease on its first Wheel Lots location in San Bernardino County, CA.

Mizati previously announced its strategy to enter the Rent-To-Own (RTO) market with wheel and tire stores under wholly-owned subsidiary "Wheel Lots". On May 23, 2007, Mizati finalized the lease on a 3,000 square foot facility.

CEO Hazel Chu commented on the development, "After months of researching and planning, it is rewarding to implement our new business model. The building is in a great location, and once we add our Wheel Lots touch it will be a shining example of Mizati's commitment to quality and dedication to customer service. Our future Wheel Lots store will be equipped with top notch automotive tools, such as tire changer/balancer, compressor, pad lifts and will be consisted of a show room for our varieties of wheel designs. Mizati is aiming towards the end of Q2 for the store's official opening. We plan to add two additional Wheel Lots stores by the end of the year," added Chu.

This will be the second new building for Mizati in 2007. Earlier this year, the company expanded its headquarters from a 5,000 square foot facility into a 16,000 square foot warehouse and office it purchased in 2006.

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. Mizati has achieved an average annual revenue growth rate of 102% for the past three years.

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.