LOS ANGELES, July 26, 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 has appointed Mr. Rick Lee to manage the first Wheel Lots store that is located in Upland, California.
In this position, Mr. Rick Lee will focus his efforts on establishing a loyal customer base, inventory control and assisting executives in their search for the future locations of new Wheel Lots stores.
Mr. Lee has eight years of experience in the Rent-To-Own business. His knowledge in customer service, inventory control, recruiting and training employees will provide the necessary leadership needed for the new store. "I have confidence in Mr. Lee's background and I'm sure his experience will drive business and customer satisfaction to a high level," Mizati CEO Hazel Chu commented.
"Providing exceptional customer service will be on the top of my list," said Lee. The variety of choices that Wheel Lots are offering will include our own brands "Mizati(r)" "Hero(tm)" and "Zati(tm)" as well as many more name brand wheels from our alliances to meet the customer needs.
About Wheel Lots, CA LLC
Wheel Lots, CA LLC ("Wheel Lots") is an innovative, fast-growing provider of custom luxury alloy wheels on a rent-to-own basis through retail store outlets. Incorporated in 2007, and is a wholly-owned subsidiary of Mizati Luxury Alloy Wheels Inc. ("Mizati"), the Rent-To-Own has become a substantial market segment for American retailing. 2.8 million Americans spent $6.7 billion in 2006 on rent-to-own transactions.
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, and had total revenue of $4,162,754 in 2006.
For more information about Mizati Luxury Alloy Wheels, Inc. (Pink Sheets:MZTI), visit the company website at http://www.mizatiwheels.com.
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"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.