Mizati Updates 2006 Financials and Recites 2007, 2008 Outlook

LOS ANGELES, June 18 /PRNewswire-FirstCall/ -- Mizati Luxury Alloy Wheels, Inc. (Other OTC: MZTI), a distributor of high-quality luxury alloy wheels for passenger cars, sport utility vehicles, vans and light trucks announced its 2006 financial update.

CEO Hazel Chu commented, "This year Mizati has become a public company, we developed a new Rent-to-Own business, and we have also branched into international sales. We have executed our growth strategies and continue to position Mizati as a major player in the custom wheel industry."

Already our international sale team is working on initial contracts in South America that are estimated to be worth $1-2 million. The first "Wheel Lots" store is set to open by the end of June, 2007 with five additional stores to open by the end of the year. The company estimated that each store can generate between $720,000 - $760,000 in revenues annually.

Mizati continues to build its executive management team with the addition of their new COO, Frederick W. Croft. His primary initiatives are to help Mizati enhance its operational efficiency and expand the Company's partnerships and alliances. Mr. Croft has extensive business development experience and has previously helped leading automotive accessory companies increase efficiency and expand profitability. He will also play an important role in recruiting key personnel.

COO Frederick W. Croft shared his comments on joining Mizati, "I'm delighted to have this opportunity to work with everyone at the Mizati Company. They have repeatedly created innovative designs and, as their growth rate shows, they have marketed them well. As an industry veteran, I know how fragmented the custom wheel business can be. What really drew me into Mizati was their position to become a dominant player in this industry."

Mizati has grown its revenues at an average annual rate of 102% since 2002. The company has remained profitable since 2005. The Company's revenue for the fiscal year ending December 31, 2006 was $4,162,915, a 35% increase compared to $3,077,126 for fiscal year ended December 31, 2005. Management attributes the growth in sales to its increased wholesale account base. Gross profits for fiscal year 2006 were $741,388 compared to $582,623 in 2005, an increase of more than 27%.

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About Mizati Luxury Alloy Wheels, Inc.

Mizati Luxury Alloy Wheels, Inc. ("Mizati") designs, markets and distributes high- quality custom alloy wheels for passenger cars, sport utility vehicles, vans and light trucks. Incorporated in 2001, the company operates from its corporate headquarters in Walnut, California. Mizati currently markets and distributes three separate and unique brands of luxury wheels. Mizati(R)," "Hero (TM)" and "Zati(TM), "through a network of 300 dealers and distributors. Mizati has achieved an average annual revenue growth rate of 102% for the past three years.

For more information about Mizati Luxury Alloy Wheels, Inc., visit the company website at http://www.mizatiwheels.com/

"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Any statements that are not historical facts contained in this release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. It is possible that the assumptions made by management for purposes of such statements may not materialize. Actual results may differ materially from those projected or implied in any forward- looking statements. Such statements may involve risks and uncertainties, including but not limited to those relating to product demand, pricing, market acceptance, the effect of economic conditions, intellectual property rights, the outcome of competitive products, risks in product development, the results of financing efforts, the ability to complete transactions, and other factors discussed from time to time in MZTI Securities and Exchange Commission filings. MZTI undertakes no obligation to update or revise any forward-looking statement for events or circumstances after the date on which such statement is made.

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