Midnight Holdings Group Announces 2007 Expansion Plans
09 Enero 2007 - 11:09AM
PR Newswire (US)
CLINTON TOWNSHIP, Mich., Jan. 9 /PRNewswire/ -- Midnight Holdings
Group, Inc. (OTC:MHGI) today announced its expansion plans for
2007. During 2007, Midnight plans on opening five new standalone
All Night Auto service centers and two additional shopping
mall-based All Night Auto service centers that are combined with
All Night Auto retail stores. The five additional standalone All
Night Auto service centers will enhance three of the four markets
in which Midnight currently operates: Tempe, Arizona (currently,
one service location); Illinois (currently, three service
locations); and Michigan (currently, two service locations).
Midnight anticipates that all five of the new standalone service
centers will be located in proximity to existing All Night Auto
locations to provide three strategic benefits: cost-efficient
operations; increased brand marketing effectiveness; and awareness
for the company and its unique business proposition. In addition,
the new centers will handle the high local demand for services that
occurs in all of the locations where All Night Auto has opened. The
two new shopping-mall-based retail centers locations are
anticipated to be in markets not currently served: Wisconsin and
the Carolina region, and will be sited at locations to be announced
at a later date. Each of the new shopping mall locations will
include a brand-new All Night Auto retail store. The two mall-based
locations are being developed in conjunction with CBL Properties
(CBL), the fourth largest shopping center REIT in North America and
a private funding group located in the Detroit area. "Nick Cocco
and our entire service team is focused on revenues and brand
recognition," said Earl D. Diem, 43, Chief Operating Officer of
Midnight. "We are pushing hard for substantial growth from both our
existing stores and from our new stores. We expect to have 17 All
Night Auto branded facilities in operation by the end of 2007,
including 3 retail centers and 14 service centers, pushing our
system-wide sales to more than $10 million." In October, 2006,
Midnight announced its plans to operate 100 or more retail stores
and service center locations throughout the United States over the
next several years. All Night Auto, a subsidiary of Midnight
Holdings, provides automotive care through a unique combination of
technology, service and value focused on the needs of today's
consumers. The company's unique brand proposition is to provide
concierge level automotive services that supersede any traditional
level of automotive service. Nicholas A. Cocco, 41, the President
and CEO of Midnight Auto, said: "We continue to experience growing
demand for our services in all of our locations, and the new
shopping mall expansion is a further indicator of the enormous
growth potential we see for the company." About All Night Auto All
Night Auto provides all makes/all model concierge service and
convenience to both retail and commercial clients seven days a
week, and 100 hours per week. Stories are open Monday - Thursday
from 7 a.m. until midnight, Saturdays and Sundays until 6 pm. All
Night Auto's "Automotive Concierge Service" is designed to meet the
demands of today's educated and discriminating consumer in the
rapidly changing service economy. All Night Auto currently operates
nine All Night Auto branded locations in Arizona, Illinois,
Michigan and Oklahoma. About Midnight Holdings Group, Inc. Midnight
Holdings Group, Inc. (OTC:MHGI) is the parent of Midnight Auto
Franchise Corp and All Night Auto Stores, Inc. The subsidiary
companies provide management and distribution services as well as
automotive aftermarket products and concierge services under its
flagship "All Night Auto(R)" and "All Night Lube Express(TM)" brand
names. This news release contains forward-looking statements,
including those that involve known and unknown risks, delays,
uncertainties and other factors not under the control of Midnight
Holdings Group, Inc., which may cause actual results, performance
or achievements of the Midnight Holdings Group, Inc. to be
materially different from the results, performance or other
expectations implied by these forward-looking statements. These
risks and other factors, are discussed in the Midnight Holdings
Group, Inc.'s filings with the Securities and Exchange Commission
such as the 10K, 10Q and 8K reports. Midnight Holdings Group, Inc.
undertakes no obligation to update any forward- looking statements.
DATASOURCE: Midnight Holdings Group, Inc. CONTACT: Bruce Stockler,
Number 9 Corp. Public Relations, +1-914-472-0176,
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