MWW Automotive Group (MWWC.OB) Enters into Distribution Contract with “ABT Sportsline GmbH” for Worldwide Distribution
Source: http://Blog.QualityStocks.net/?p=15619Posted on Thursday, June 25th, 2009 | In Market Commentary, Small & Micro Cap
MWW Automotive Group (MWWC.OB) Enters into Distribution Contract with “ABT Sportsline GmbH” for Worldwide Distribution
MWW Automotive Group (MWWC.OB), a full-service global design, engineering and manufacturing firm providing customized accessories for leading international vehicle manufacturers, recently announced that the company’s wholly owned subsidiary, Modelworxx GmbH, in Munich, Germany has entered into an agreement with ABT Sportsline GmbH for worldwide distribution of its Volkswagen and Audi products.
Modelworxx has developed and is manufacturing a diverse line of innovative high-tech running boards for a variety of automobiles, including Audi, KIA, Mercedes, Mitsubishi, Opel, Toyota and Volkswagen. As a leading supplier of customized OE accessories for the global automotive industry, ABT Sportsline GmbH is one of the world’s largest distributors of Volkswagen accessories and performance tuning of Volkswagen vehicles. Under the terms of the agreement, ABT Sportsline will carry the entire Modelworxx product line and also select U.S. -designed and manufactured products for worldwide distribution.
Gerold Haas, chief executive officer of Modelworxx, stated, “We are happy to have formed this agreement for the worldwide distribution of our products through such an established and credible company as ABT. He continued, “In addition to the first products we are currently making available to ABT, we have already developed running boards for the Audi Q7, Hyundai Tucson, KIA Sorento, Opel Antara, Nissan Qashqai, Toyota Rav4 and Volkswagen Tuareg and Tiguan, with additional boards for the Audi Q5 and Mercedes GL to follow soon. All products will be made available through ABT for worldwide distribution. We are looking forward to a mutually beneficial and long-lasting business relationship.”
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