Universal Automotive Industries, Inc. - UVSL- Profile

Universal Automotive Industries, Inc.. The Group's principal activities are the manufacture and marketing of brake parts, including brake rotors, drums, disc brake pads, brake shoes and hydraulic parts. The Group conducts a wholesale product operation from headquarters facility in Alsip, Illinois, purchasing automotive items such as spark plugs, motor oil and freon in large volume. The customers of the Group include traditional aftermarket warehouses distributors and mass market retailers. The Group conducts business through the following subsidiaries: Universal Automotive, Inc.; Universal Brake Parts, Inc. and Universal Automotive of Virginia, Inc. The products are sold under its trademark UBP Universal Brake Parts and Ultimate. The Group operates in the United States and Canada. On 12-Jan-2004, the Group acquired all the assets of Autospeciality division of Kelsey-Hayes Company. Manufacturing and distribution of brake parts accounted for 90% of 2003 revenues and Wholesale of automotive parts, 10%