Motorcar Parts of America to Delay Filing of Fiscal Second Quarter 10-Q
10 November 2018 - 12:00AM
Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced the
company will delay filing of its fiscal 2019 second quarter 10-Q
and planned conference call scheduled for today to continue
evaluating its accounting policies related to new business
contracts.
About Motorcar Parts of AmericaMotorcar
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, rotors, brake pads 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, China and Canada, and administrative
offices located in California, Tennessee, Mexico, Singapore,
Malaysia and Canada. Additional information is available at
www.motorcarparts.comThe 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 2018 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:
Gary S. Maier
(310) 471-1288
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