Heritage First Capital & Equity Research Group (HFC) announced that Mizati is now part of their Microcap Money Index of profiled companies. The financial relations research & data publisher is committed to providing readers with factual information on carefully selected publicly traded companies.
Mizati Luxury Alloy Wheels is focused on designing, marketing and distributing custom alloy wheels for passenger cars, sport utility vehicles, vans, and light trucks. The company currently markets and distributes three unique brands of luxury wheels, Mizati, Hero(TM) and Zati(TM), through a network of 425 dealers and distributors throughout North America.
Below are listed the financial and corporate highlights that have brought Mizati to the attention of Heritage First Capital & Equity Research Group as well as Triple Crown Stocks:
• Strong annual revenue growth with $4.2 million in fiscal 2006 (ending 12/31), up from $3.1 million in fiscal 2005.
• Quarterly revenues increased by 34% to $1.6 million in Q2 2007 from $1.2 million in Q2 2006. (as the # of dealers & distributors more than doubled)
• Gross margins increased to 11.6% in the 2nd quarter compared to 9% in the corresponding quarter in 2006.
• Triples the size of their operational infrastructure with the purchase of a 16,000 square foot warehouse for $2.75 million.
• 2005 and 2006 net earnings of $100,885 and $41,745, respectively.
• MZTI expanded into the Rent-To-Own (RTO) segment with the opening of their first 3,000 square-foot Wheel Lots store in Upland, CA in July 2007.
• MZTI successfully expanded into the international market by preselling orders to its distributor in Mexico (representing over 7,000 dealers).
• New Private Label and organic sales initiatives have already secured $4 million in orders for FY 2008.
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