LOS ANGELES, Nov. 19, 2007 (PRIME NEWSWIRE) -- Mizati Luxury Alloy Wheels, Inc. (Pink Sheets:MZTI), a distributor of high-quality luxury alloy wheels for passenger cars, sport utility vehicles, vans and light trucks, reviews it opinion concerning the rising oil price.
As the price of crude oil is over $90 a barrel, and it feels like more and more people are switching to public transportation and fewer people want to drive, will that effect the wheels industry? According to the press release on October 29, 2007 by Green Car of the Year, "There has been significant movement in the auto industry toward making mainstream models 'greener' in recent years, with notable milestones in fuel efficiency and low emissions," says Ron Cogan, editor and publisher of the Green Car Journal. "This is especially evident with hybrids, where gasoline-electric hybrid technology is being applied to popular models in the most important vehicle classes where consumers are shopping."
The automakers that offer these fuel-efficient hybrid vehicles include: Chevy, Ford, Dodge, Mercury, Chrysler, Honda, Toyota, Nissan, Saturn, Lexus, and even high-end German imports such as Mercedes and Porsche.
In the past weekend's LA Auto show, Honda introduced a state-of-the-art hydrogen-powered car that will be available in the United States next year. "Just so everyone can know, there will be more and more fuel-efficient vehicles offered to consumers, and as long as there are cars running, the wheels industry will continue to provide its luxury taste for car-lovers" said Hazel Chu, CEO of Mizati.
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. (Pink Sheets:MZTI), visit the company website at http://www.mizatiwheels.com.
The Mizati Luxury Alloy Wheels, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3904
"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.