STaSIS Engineering Engages Oppenheimer & Co.
Summit Point, West Virginia, May 9, 2011 –STaSIS is rolling out a global business strategy, including acquisitions, expansion and an equity raise plan that will build on the record growth and overwhelming product demand the company has experienced over the past two years.
“We see a substantial opportunity to consolidate the fragmented, multibillion-dollar automotive personalization space,” commented Paul Lambert, president and CEO of STaSIS. “Engaging with a strong partner like Oppenheimer will facilitate our success, bringing access to key people and capital that will allow us to dramatically expand the scope of our operations and achieve the next level of technology, fulfillment and service.”
Over the last three years, STaSIS has grown its Signature Series business more than six fold while developing an extensive distribution network that includes more than 70 authorized North America dealerships and hundreds of independent performance centers around the world. Our continued expansion path includes new engineering and sales capabilities, acquisitions that are already contributing to our bottom line, and a new facility that will open in summer 2011.
The company is developing a strategy for implementation beginning in Q3 2011, and is currently evaluating partners and technologies to facilitate its growth. STaSIS has exclusively engaged Oppenheimer & Co. to assist with elements of this corporate strategy.
Rendering of new STaSIS building at Summit Point Raceway, WV scheduled for summer 2011.
STaSIS Engineering (www.stasisengineering.com) is dedicated to providing automotive performance distinction to the mainstream automobile consumer. We specialize in performance-enhancing brake, suspension, driveline and engine products leveraging race-bred technologies from in-house motorsports experience and top-tier race manufacturers. Our portfolio includes high-performance parts for Audi R8, TT, S5, S4, A6, A5, Q5, A4 and A3 models, as well as other Volkswagen Group products. Our commitment to the highest quality automotive performance products backed by factory-level warranty and service allows STaSIS to bring the performance and distinction of exotic car ownership in line with the cost and convenience of a mainstream automobile. Follow STaSIS via Facebook.