LOS ANGELES, Nov. 27, 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, talks about new hybrid vehicles currently selling in the market and the forecast for the upcoming year.
With oil prices rising, automakers have already come up with more hybrid vehicles to meet the demand for fuel-efficient vehicles requested by consumers. For years, hybrid cars have been limited to small, compact passenger cars. However, many do not know that some of the popular models also have hybrid versions such as Lexus GS450, LS600H, and RX400H; Toyota Camry and Highlander; Chevy Malibu and Tahoe H (available in 2008); Mercedes ML450; and Porsche Cayenne.
"All the cars mentioned here accommodate the wheels that Mizati offers, and we expect there will be more hybrid models available in the future. The wheels industry has inventory not only for new cars, but also pre-owned cars," said Hazel Chu, CEO of Mizati. "If getting a new car is not in the budget, Rent-To-Own is still an alternative way for consumers to get shiny new wheels with an affordable weekly payment plan, and this is the biggest advantage that Mizati has," Chu adds.
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 425 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 Web site 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.