Mizati Luxury Alloy Wheels, Inc. , a distributor of high-quality luxury alloy wheels for passenger cars, sport utility vehicles, vans and light trucks announced today that it has procured a business liability insurance policy up to $5,000,000.00, to safeguard Mizati employees and products.
Mizati, and its future Wheel Lots stores will embody the superior quality and service that Mizati has always had. By taking this additional step, Mizati highlights its continued commitment to world-class quality products and services. Although accidents do happen, we anticipate continuing our "sterling" injury and product damage ratio. Our immaculate quality history is highlighted by only having 1% of wheels returned throughout our seven year operating history. In addition, Mizati offers one of the best warrantees in the business and displays it boldly on all brochures and customer collateral.
"We believe this policy increase serves to augment our company's core competencies while protecting our company from unforeseen accidents," stated CEO Hazel Chu.
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. , visit the company website at http://www.mizatiwheels.com/
"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.
Source: Mizati Luxury Alloy Wheels, Inc.
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