LOS ANGELES, Aug. 23 /PRNewswire-FirstCall/ -- Motorcar Parts of
America, Inc. ("MPA") (OTC: MPAA.PK) announced today that its Chairman,
President and CEO, Selwyn Joffe and CFO, Mervyn McCulloch, will present at
the upcoming Roth Capital Partners 2007 New York Conference.
The Roth Capital Partners 2007 New York Conference is a two-day event
featuring presentations from over 230 small and microcap growth companies
across a broad spectrum of sectors, such as technology, healthcare,
financial services and consumer products.
Date: Wednesday, September 5, 2007
Time: 2:30 p.m. Eastern Time
Venue: The Westin New York at Times Square
Live webcast: http://www.motorcarparts.com
Interested parties and institutional investors may register for the
conference by visiting the conference website at
http://www.rothconference.com/ or by calling Roth Capital Partners at (800)
678-9147.
About MPA
Motorcar Parts of America, Inc. is a leading remanufacturer of
replacement alternators and starters for imported and domestic cars and
light trucks in the United States and Canada. MPA has facilities in the
United States in Torrance, California, and Nashville, Tennessee, as well as
in Mexico, Singapore and Malaysia. MPA's websites are located at
http://www.motorcarparts.com and http://www.quality-built.com.
Disclosure Regarding Private Securities Litigation Reform Act of 1995
This press release contains certain forward-looking statements with
respect to our future performance that involve risks and uncertainties.
Various factors could cause actual results to differ materially from those
projected in such statements. These factors include, but are not limited
to: concentration of sales to certain customers, changes in our
relationship with any of our customers, including the increasing customer
pressure for lower prices and more favorable payment and other terms, our
ability to renew the contract with our largest customer that is scheduled
to expire in August 2008 and the terms of any such renewal, the increasing
demands on our working capital, including the significant strain on working
capital associated with large core inventory purchases from customers of
the type we have increasingly made, our ability to obtain any additional
financing we may seek or require, our ability to achieve positive cash
flows from operations, potential future changes in our previously reported
results as a result of the identification and correction of errors in our
accounting policies or procedures, the material weaknesses in our internal
controls over financial reporting or the SEC's review of our previously
filed public reports, lower revenues than anticipated from new and existing
contracts, our failure to meet the financial covenants or the other
obligations set forth in our bank credit agreement and the bank's refusal
to waive any such defaults, any meaningful difference between projected
production needs and ultimate sales to our customers, increases in interest
rates, changes in the financial condition of any of our major customers,
the impact of high gasoline prices, the potential for changes in consumer
spending, consumer preferences and general economic conditions, increased
competition in the automotive parts industry, including increased
competition from Chinese manufacturers, difficulty in obtaining cores and
component parts or increases in the costs of those parts, political or
economic instability in any of the foreign countries where we conduct
operations, unforeseen increases in operating costs and other factors
discussed herein and in the Company's filings with the SEC.
SOURCE Motorcar Parts of America, Inc.
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Related links:
http://www.motorcarparts.com
CONTACT:
Crocker Coulson, President,
crocker.coulson@ccgir.com, or Elaine Ketchmere, VP of Financial
Writing, elaine.ketchmere@ccgir.com, both of CCG Investor
Relations, +1-310-231-8600, for Motorcar Parts of America, Inc.;
or Selwyn Joffe, Chairman, President & CEO of Motorcar Parts of
America, Inc., +1-310-972-4005
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