Universal Automotive Industries Retains the Services of GMF Relations
10 June 1999
Universal Automotive Industries Retains the Services of GMF RelationsCHICAGO, June 10 -- Universal Automotive Industries, Inc. , a leading brake parts manufacturer for the automotive aftermarket with over $60 million in revenues has retained the services of GMF Relations, Inc. to manage the Company's investor relations. Based in Woodbury, New York, GMF Relations, Inc. is a financial relations firm that specializes in managing investor relations for small-cap companies. GMF Relations' president, Gary Frank, has represented many undervalued companies with listings on the Nasdaq stock exchanges. Most recently, Frank has represented Viewcast.com and Take Two Interactive Software. "For the past few years Universal Automotive has solely and wisely focused on internal growth," said Gary Frank of GMF Relations. "The Company has now decided it is time to widen their focus to include a more proactive program of financial public relations." Arvin Scott, UAI's President and CEO said, "Now that we are beginning to see the benefit of a number of strategic growth and marketing initiatives, we have decided to retain GMF Relations to help us fully inform the investment community of our success story." Scott said the Company is emerging as one of the dominant Value Line manufacturers and distributors of brake parts in the $2.4 billion brake parts business. The ongoing consolidation in the brake parts industry will benefit companies like UAI and other suppliers who have demonstrated a strong manufacturing base and solid banking relationships. Universal Automotive Industries, Inc. is a manufacturer and distributor of brake drums, rotors, disc brake pads, relined brake shoes, wheel cylinders, and brake hoses. The Company continues to increase its share as one of the leading North American suppliers of "Value Line" brake parts, which consists of brake parts sold at prices significantly below those of certain brand name companies. It markets approximately 50% of its product lines under its "UBP" trademark, as well as the "Ultimate" name in the United States and Canada. The Company is experiencing continued growth and has continued to provide quality in the current market. This news release contains certain 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, which are intended to be covered by safe harbors created hereby. Such forward-looking statements involve known and unknown risks, uncertainties (including those risk factors referenced in the Company's filings with the Securities and Exchange Commission), and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance, or achievements of the Company expressed or implied by such forward-looking statements.