Motorcar Parts of America (MPAA) Gets Notice from Nasdaq Due to Delayed 10-K Filing

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Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced it received a notice from the NASDAQ Stock Market on June 29, 2012 indicating that the company is not in compliance with NASDAQ listing rules because its Form 10-K for its fiscal year ended March 31, 2012 was not timely filed. The notice, which the company expected, was issued in accordance with standard NASDAQ procedures as a result of the delayed filing. Timely filing of periodic reports is a requirement for continued listing under NASDAQ Marketplace Rule 5250(c)(1).

The delay in filing is due to the company's inability to timely process the financial information for the fiscal year as a result of the company's acquisition of Fenwick Automotive Products Limited and related companies in May 2011.

The company is focusing significant efforts on completing the processing of this information and expects to file its Form 10-K for the fiscal year ended March 31, 2012 as soon as practicable.

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