RedChip Issues Research Alert for Mizati Luxury Alloy Wheels, Inc. (MZTI.PK)
In a recent press release, Mizati announced that it had a very strong first quarter with revenues increasing 32% from the previous year. Operating income also increased as it rose from $329,603 to $354,183. Mizati plans to focus growth efforts primarily in Mexico next year, which represents tremendous growth opportunities. The company plans to partner with a distributor that works with 7,000 different retail stores, and will soon be meeting with the distributor to discuss purchasing plans. This year the company plans to establish a more efficient operations tracking system, strengthen alliances with other companies regarding manufacturing and distribution, and improve…