MotorVac Technologies Expands Facilities to Meet Strong Product Demand
23 February 1999
MotorVac Technologies Expands Facilities to Meet Strong Product Demand
SANTA ANA, Calif.--Feb. 19, 1999--MotorVac Technologies Inc. Friday announced that the company recently added 10,000 square feet to its facilities by occupying the building adjacent to its current facility.
This move will expand the company's manufacturing and warehousing facilities to meet anticipated increased demand for the company's products.
"Our company's expected increase in the rate of growth has made this expansion necessary," said Lee W. Melody, president and chief executive officer of MotorVac. "There is higher demand for both our core products and our new products, including the TRANSTECH(R) II automatic transmission fluid exchanger. Our Automotive Solutions division, which markets our Carbon Tune line of products, has been successful in penetrating the automotive quick-service market, and this also requires additional space."
MotorVac Technologies designs, develops, assembles and markets unique technological solutions for the service and repair of automotive fluid systems. Product lines include specialty chemicals and shop equipment for servicing fuel systems and transmission systems. MotorVac's products are distributed to service shops, fleets and government agencies in more than 70 countries worldwide.
For additional information, visit MotorVac's Web site at www.motorvac.com.
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The company intends that such statements shall be protected by the safe harbor provided for in such sections. In particular, statements regarding future results are subject to the risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in future operating results due to a number of economic, competitive, governmental and technological factors, including, among other things, changes in laws, the size and timing of customer orders, new or increased competition, unexpected increases in expenses, delays in acceptance of new products, product returns, seasonality in product purchases by distributors and end users, and pricing trends in the automotive after-market industry in general and in specific markets in which the company is active. Any of these factors, or others, could cause operating results to vary significantly from prior periods and those projected in the forward-looking statements. Additional information with respect to these and other factors which could materially affect the company and its operations is included in the company's filings with the Securities and Exchange Commission, including its Annual Report or Form 10-KSB for the year ended Dec. 31, 1997 and any subsequent filings.