While Mizati Luxury Alloy Wheels, Inc. (OTC: MZTI.PK) previously announced its strategy to enter the Rent-To-Own (RTO) market with wheel and tire stores under its wholly-owned subsidiary “Wheel Lots”, the Company is moving forward with its plan.
On May 23, 2007, Mizati finalized the lease on a 3,000 square foot facility.
CEO Hazel Chu commented on the development, “After months of researching and planning, it is rewarding to implement our new business model. The building is in a great location, and once we add our Wheel Lots touch it will be a shining example of Mizati’s commitment to quality and dedication to customer service.
Our future Wheel Lots store will be equipped with top notch automotive tools, such as tire changer/balancer, compressor, pad lifts and will be consisted of a show room for our varieties of wheel designs.
Mizati is aiming towards the end of Q2 for the store’s official opening. We plan to add two additional Wheel Lots stores by the end of the year,” added Chu.
Let us hear your thoughts below: