Motorcar Parts of America Receives Vendor of the Year Award From Advance Auto Parts

LOS ANGELES, Aug. 25, 2017 (GLOBE NEWSWIRE) — Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced it received Advance Auto Parts’ Vendor of the Year Award at the automotive aftermarket provider’s 2017 vendor summit held this week in Raleigh, North Carolina. 

“We are gratified to be recognized for our dedication to excellent service, commitment to quality, successful marketing campaigns, and unparalleled partnership — all of which are fundamental commitments throughout our company and distinguish MPAA as an industry leader. We are enthusiastic about the future and look forward to continued mutual success,” said Selwyn Joffe, chairman, president and chief executive officer.

Motorcar Parts of America, Inc. is a remanufacturer, manufacturer and distributor of automotive aftermarket parts — including alternators, starters, wheel bearing and hub assemblies, brake master cylinders, brake power boosters and turbochargers utilized in imported and domestic passenger vehicles, light trucks and heavy-duty applications.  In addition, the company designs and manufactures test equipment for performance, endurance and production testing of alternators, starters, electric motors, inverters and belt starter generators for both the OE and aftermarket. Motorcar Parts of America’s products are sold to automotive retail outlets and the professional repair market throughout the United States and Canada, with facilities located in California, Mexico, Malaysia and China, and administrative offices located in California, Tennessee, Mexico, Singapore, Malaysia and Canada.  Additional information is available at www.motorcarparts.com.

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for certain forward-looking statements. The statements contained in this press release that are not historical facts are forward-looking statements based on the company’s current expectations and beliefs concerning future developments and their potential effects on the company. These forward-looking statements involve significant risks and uncertainties (some of which are beyond the control of the company) and are subject to change based upon various factors.  Reference is also made to the Risk Factors set forth in the company’s Form 10-K Annual Report filed with the Securities and Exchange Commission (SEC) in June 2017 and in its Forms 10-Q filed with the SEC for additional risks and uncertainties facing the company. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.

CONTACT: CONTACT:
Gary S. Maier
Maier & Company, Inc.
(310) 471-1288


Source: Nasdaq Automotive News

Author: News Editor

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