Business Services Industry
Midnight Holdings Group Beats Revenue Expectations
Business Wire, Nov 19, 2007
CLINTON TOWNSHIP, Mich. -- Midnight Holdings Group Inc. ("MHGI") (Pink Sheets:MHGI), offering a large array of automotive products and services that target retail consumers and fleet service operators through its wholly owned subsidiaries All Night Auto[R] and All Night Lube Express[TM], announced today that its systemwide sales will exceed its previously projected revenue by over $300,000 for its All Night Auto Service and Retail Centers in Michigan, Illinois, Arizona and Oklahoma.
Richard Kohl, company EVP/CFO announced that in combination with Midnight Auto Franchise Corp. Sales, "We are targeted to exceed $7 million in systemwide sales for 2007, an increase of 36% over 2006."
"While our fleet business continues to grow, the retail consumer business is doing well and we expect that to continue. The company is rapidly expanding its consumer and fleet offerings, which include electronics and accessory products on-line and in all of its stores," stated Nicholas Cocco, CEO.
About Midnight Holdings Group, Inc.
The company ("MHGI") is a Delaware Corporation operating 2 subsidiary companies - MAFC and ANASI, both Michigan corporations. These companies offer a menu of unique services in the $250B automotive aftermarket space for automotive buyers and fleet operators which include concierge services, lubrication and maintenance services, parts, electronics and accessories. The depth of services offered and the hours of operation have attracted a growing clientele anxious to take advantage of these unique services.
Midnight Holdings Group Inc. stock trades under the symbol "MHGI-PK". For information contact Investor Relations 586-468-8741 or www.midnightholdings.com.
Safe Harbor Statement:
This Press Release contains or incorporates by reference "forward looking statements" including certain information with respect to plans and strategies of Midnight. For this purpose, any statements contained herein or incorporated herein by references that are not statements of historical fact may be deemed forward looking statements. Without limiting the foregoing, the words "believes", "suggests", "anticipates", "plans", "expects", and similar expressions are intended to identify forward looking statements. There are a number of events or actual results of Midnight operations that could differ materially from those indicated by such forward looking statements.
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