LOS ANGELES, July 23, 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, announced today it has scheduled to open its first Wheel Lots store on Friday, July 27th.
As the wheel and tire market continues to expand, Mizati has taken a leadership position in the industry by getting directly into the rent-to-own retail market. The Wheel Lots-rent to own's (RTO) unique concept offers consumers an opportunity to get the wheels they want within their budget. "There are things that you need to have, and things that you want to have, and a brand new set of wheels are what most people have got to have when they get a new car" said Hazel Chu, CEO of Mizati.
Mizati will celebrate the grand opening of the first retail store Wheel Lots on Friday July 27, 2007. The store is located in 161 N. Mountain Avenue, Upland, California. The telephone number of the new store is (909) 920-4298.
Events scheduled for the grand opening are listed below:
-- Ribbon Cutting Ceremony with Upland City Council Member Mr. Ray Musser
and Mizati CEO Ms. Hazel Chu
-- Tour of Wheel Lots facility
-- Taco cook out
-- "Live music and prizes" provided by Power 106 along with Tattoo
from Big Boy's Neighborhood
-- 2 weeks payments free for the day, or 10% off on one set of wheels
if rented or purchased on the opening day
Upland City Council Member Mr. Ray Musser will join Wheel Lots grand opening ribbon cutting ceremony. Mr. Musser serves as a member of the Finance/Economic Development Committee of Upland.
About the City of Upland
The City of Upland was incorporated in San Bernardino County on May 15, 1906, and is nestled at the base of the San Gabriel Mountains. During the 20th century, Upland has developed into a residential and retail community that has maintained its country and urban ambiance. To learn more about City Of Upland, please visit the official city website at http://www.uplandpl.lib.ca.us
About Power 106 FM
Power 106 (KPWR-FM 105.9) is Southern California's #1 Hip Hop radio station. Power 106 is a Rhythmic Contemporary Hit Radio station, and you're likely to hear some of these Grammy Award(r) winning artists on Power 106: Jay-Z, Eminem, Mariah Carey, Usher, 50 Cent, Kanye West and more of today's hottest artists. To learn more about Power 106 FM, please visit the station website at http://www.power106.fm
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
About RedChip Companies Inc.
For over 15 years RedChip has been dedicated to "discovering tomorrow's blue chips today." RedChip's long history of success includes putting research coverage on Starbucks, Nike, MarketWatch.com, Daktronics and many other companies before they were Blue Chips. RedChip Visibility(tm) provides publicly-traded small-cap companies an opportunity to present their business to institutional and individual investors by holding investor conferences across the country. To learn more about RedChip Companies, please visit www.redchip.com.
The RedChip Companies, Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2761
"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.