Marketwire - Repair and Restoration

Affinia Group Announces Results for the First Quarter of 2008

Thu, 08 May 2008 17:02:00 EDT

ANN ARBOR, MI--(Marketwire - May 8, 2008) - Affinia Group Inc. announced a 5.4% increase in sales for the first quarter ended March 31, 2008 compared with the first quarter ended March 31, 2007. Additionally, operating profit for the first quarter improved by 64% over the same period in 2007. Operating profit was $18 million in the first quarter of 2008 compared with $11 million in the first quarter of 2007. The Company also posted $18 million of operating cash flow for the first quarter of 2008, a $15 million improvement over the same period in 2007.

Podcast Features Organization for Women in Autobody Industry

Thu, 08 May 2008 07:59:00 EDT

Scene Genesis Also Recruiting Florida Bodyshops for Launch of Web Referral Service

Trickle-Down Effect of American Axle Strike Spreads to Other Tier Suppliers as Additional Layoffs Are Announced, an Industrial Info News Alert

Thu, 08 May 2008 07:01:00 EDT

SUGAR LAND, TX--(Marketwire - May 8, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- As the 10th week of the American Axle & Manufacturing Incorporated (NYSE:AXL) (Detroit, Michigan) strike comes to a close, the effects of the walkout are obvious. General Motors Corporation (NYSE:GM) (Detroit) has either halted or slowed production at 30 of its manufacturing or assembly facilities in North America. The strike, combined with continually rising gas prices, a weakened United States economy, and the effects of the housing market crash, has begun to alter the entire automotive industry landscape in North America.

AMEX Accepts Progress on Regaining Compliance With AMEX Listing Standards

Wed, 07 May 2008 14:02:00 EDT

LOS ANGELES, CA--(Marketwire - May 7, 2008) - Cash Technologies, Inc. (AMEX: TQ) (the "Company") announced today that the American Stock Exchange (the "Exchange") has notified the Company that its revised plan to regain compliance with the continued listing standards of the Exchange has been approved.

In November 2007, following the bankruptcy of Champion Parts, Inc. ("Champion"), which resulted in the Company writing off the approximate $8 million balance of a promissory note owed by Champion to a Company subsidiary, the Company disclosed that it had been notified by the Exchange that it had fallen out of compliance with the continued listing standards of the Exchange. The Company's plan to regain compliance (the "Plan"), which included a requirement to acquire certain assets of Champion, was initially approved by the Exchange in January 2008.

Cash Technologies Subsidiary Acquires Champion Parts Assets

Tue, 06 May 2008 10:26:00 EDT

LOS ANGELES, CA--(Marketwire - May 6, 2008) - Cash Technologies, Inc. (AMEX: TQ) ("Cash Tech") announced today that its CPI Holdings, LLC subsidiary ("CPI") has completed its acquisition of certain assets of Champion Parts, Inc. (the "Champion Assets") from PNC Business Credit, Inc. ("PNC") for $2.97 million which have a book value of approximately $12.1 million. Champion was the leading remanufacturer of automotive fuel system components in the U.S. before its bankruptcy in October 2007. The purchase of the Champion Assets will permit CPI to create a new business using the venerable Champion name, products, staff, facilities and national retail distribution network without assuming any liabilities of the bankrupt entity.

CarGurus Experiences Explosive Growth as Top Online Auto Community

Tue, 06 May 2008 09:00:00 EDT

Over 300% Annual Traffic Growth and 250,000 Pieces of User-Submitted Content Since Launch 2 Years Ago

Aero Performance Products, Inc. Announces the Engagement of CFO Solutions to Provide Financial Services

Tue, 06 May 2008 08:53:00 EDT

SOUTH JORDAN, UT--(Marketwire - May 6, 2008) - Aero Performance Products, Inc. (PINKSHEETS: AERP), which operates Aero Exhaust, Inc., a world leader in performance exhaust airflow technology and NASCAR Performance Partner, today announced that it has retained CFO Solutions (www.utahcfo.com), a Utah based company that provides a broad range of financial services to its clients.

The CFO Solutions team has over 100 years of combined experience in a broad range of industries, including: software development, biotechnology, banking, printing & publishing, retail, light manufacturing, engineering & construction, franchising, transportation, health care, wholesale & distribution, business-to-business services, and Internet technology. CFO Solutions works with companies from concept and start-up to high-growth, profitable middle-stage.

Collision Centers of America Selects Mitchell's ABS(TM) Enterprise as Shop Management Platform of Choice

Mon, 05 May 2008 09:21:00 EDT

Leading Chicago Area Autobody Repair Chain to Equip All of Its Shops With Market's Leading Performance Management System

New Mexico High School Students Compete to Be the Best Auto Technician in the State

Fri, 02 May 2008 18:40:00 EDT

ALBUQUERQUE, NM--(Marketwire - May 2, 2008) -

What:      FORD/AAA STUDENT AUTO SKILLS, a fast-paced hands-on contest to
           diagnose and repair deliberately "bugged" vehicles.

When:      Saturday, May 3, 2008   Competition 10:00 AM (sharp)-11:30 a.m.

Where:     CNM Workforce Training Center, 5600 Eagle Rock Ave. NE (north of
           Alameda and west of I-25 frontage road)

Who:       High school juniors and seniors from around the state enrolled
           in high school automotive technology courses.

Why:       Prizes and scholarships will be awarded at the state level to
           high school students. The winning team will represent New Mexico
           at the national finals in Dearborn, Michigan, in June for a
           chance to win additional scholarships to further their education
           and to be recognized by AAA and Ford as the best student auto
           technician in the country.

           The winning national team and a chaperone w

Aero Performance Products, Inc. Announces Termination of Agreement With Javelin Advisory Group

Fri, 02 May 2008 15:14:00 EDT

SOUTH JORDAN, UT--(Marketwire - May 2, 2008) - Aero Performance Products, Inc. (PINKSHEETS: AERP), which operates Aero Exhaust, Inc., a world leader in performance exhaust airflow technology and NASCAR Performance Partner, today announced the termination of its consulting agreement with Javelin Advisory Group, effective May 1, 2008

Aero intends to bring a portion of the services Javelin had been performing in-house and expects to contract additional services through local service providers where necessary. Details of the transition are anticipated in the next several days.

Revenge Designs, Inc. Provides Corporate Update

Fri, 02 May 2008 15:13:00 EDT

DECATUR, IN--(Marketwire - May 2, 2008) - Revenge Designs, Inc. (PINKSHEETS: RVGD), a specialty car designer and production assembler, is pleased to provide its shareholders an update on recent activity.

The company has submitted its architectural plans to all relevant state and local approval committees to obtain the necessary building permits for its new 20,000 square foot production facility. The company expects the process to be completed in 4 to 6 weeks at which time the company will begin issuing requests for bids to local area contractors.

GM Posts $3.3 Billion First-Quarter Loss and Announces Layoffs, an Industrial Info News Alert

Fri, 02 May 2008 06:30:00 EDT

SUGAR LAND, TX--(Marketwire - May 2, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas)--Citing the weak economy, rising gas prices and the two-month-old strike at American Axle & Manufacturing Incorporated (NYSE: AXL), struggling automotive giant General Motors Corporation (NYSE: GM), announced a $3.3 billion loss for the first quarter of 2008. As a result, the automaker will shut down one shift at each of its four North American assembly plants, which will result in the need to lay off approximately 3,500 hourly workers.