Microphonics Announces that Mobil, Michelin DES,
Bridgestone/Firestone DEP, and Insurance Auto Auctions DEP Have
Approved Purchase of Microphonics Model A07 Automotive Diagnostic
System by their Service Centers and Repair Outlets
NASHVILLE, Tenn., Aug. 26 /PRNewswire/ -- Microphonics (OTC Bulletin Board: MRPS - news; microphonics.com) announced today that it has gained approval to sell its Model A07 Automotive Diagnostic System to the automotive service centers of Mobil Oil Co., Michelin Dealer Equipment and Services, Bridgestone/Firestone Dealer Equipment Program, and the Insurance Auto Auctions Dealer Equipment Program.
The Microphonics Model A07 Automotive Diagnostic System has been certified by Dealer Equipment Services, a division of SPX Corp. (NYSE: SPW - news) to meet the above companies' specifications as an approved diagnostic tool for use by its US service centers in repairs that involve noise or vibration problems, water or vacuum leak detection, tire integrity, as well as other problem areas. Starting in the fourth quarter of 1999, these companies will be communicating this recommendation in both their equipment catalogs and by means of quarterly promotions. Microphonics believes these recommended catalog listings will heighten awareness at the local service center level and potentially speed up the sales cycle. Taken together these companies own hundreds of service centers/repair sites in the United States.
Dealer Equipment Services, a leader in the distribution of automobile dealership specialty tools and diagnostic equipment, will be the distributor and sales agent to these companies. With these approvals plus the past approvals already announced, the Microphonics model A07 is now a priority for sales and promotion by the more than twenty-five DES field sales personnel throughout the United States who sell to these service centers and/or dealerships. Microphonics will be listed on its approved vendor list at the DES website:
dealerequipment.com
Jimmy Gayle, CEO of Microphonics comments, ''Through prior contracts with SPX and their Dealer Equipment Services division, we have been successful in marketing to the 6,000+ Ford dealerships in the US and the 9,000+ Ford dealerships in Europe. As previously released, we have gained approval to sell our diagnostic devices to the dealerships of Americ Izuzu Motors, Hyundai Motor America, Mitsubishi Motor Sales of America, and Nissan Motor Corporation USA (a total of 1,500 +dealerships in the US.) This new approval and expanded vendor relationship with DES will open many more service centers to the use of our Ultraphonic devices. We have every expectation that other automotive- related companies will follow in their approvals for sale and recommendations to their dealerships and/or repair facilities in the near future.''
About the Model A07 Automotive Diagnostic System:
The Microphonics A07 Automotive Diagnostic System is a hand-held precision test device designed to allow professional mechanics the
ability to quickly and easily detect and diagnose various automotive related operating problems: Leak Detection (Gas, liquid or vapor in
pressurized, non-pressurized or vacuum environments), Cooling Systems (A/C), Exhaust Systems, Vacuum Systems, Fuel Systems/Tanks, Hydraulic Systems, Pressurized Systems, Non-Pressurized Systems; Mechanical Evaluations of Motors/Pumps, Valves, Bearings, Pumps, Fuel Injectors, Diffusers, Gears; and a variety of Electrical Shortage Detections.
Statements included in this press release which are not historical in nature, are intended to be, and are hereby identified as ''forward-looking statements'' for purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended by Public Law 104-67 and provisions of the Private Securities Litigation Reform Act of 1995. Forward- looking statements may be identified by words including ''anticipate,'' ''believe,'' ''intends,'' ''estimates,'' ''expects,'' and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company's future business prospects are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.
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