Medina International Holdings – StockGuru Profile – OTC: MIHI
Medina is on fire!
The U.S. Department of Defense may be sporting Medina watercraft very soon. This is great news alone but the ramifications are huge. The entire world looks to the U.S. in terms of security and Medina has targeted the world with their product and they are not quiet about it!
I think this relationship has more potential than just the sale of boats … and don’t get me wrong, that’s stupendous. But this means Medina will be working closely with the Department of Defense. Medina will have the opportunity to develop their product to the very highest level, the most exacting standards and based on their media savvy history they will be telling the world about it every step of the way! These guys are NOT SHY!
Great agreement builds great sales, which enhances product, which enhances sales.
Classic: success breeds success.
Note: this is a five year agreement with a five year renewal potential.
Medina could end up being the gold standard in its field … worldwide. And they have demonstrated they know how to market worldwide. This company gets press where ever they go and that’s the name of the game in a niche industry! Well, that and a product that is in demand worldwide!
The facts are these:
Medina International Holdings, Inc. (the “Company”) has entered into an agreement with Kelly Space and Technology, Inc., a California Corporation, to be the company’s exclusive distributor of the watercraft sales to for the United States Department of Defense if any such sales can be achieved, on August 22, 2007. The Agreement also provides Kelly Space and Technology, Inc. with a non-exclusive distributorship for other customers, not limiting to the boundaries of the United States.
The agreement between the company and Kelly Space and Technology, Inc. will be effective for a period of five (5) years from the date of the signed agreement with an option for Kelly Space and Technology, Inc. to renew the agreement for an additional five (5) year period.
Read the 8-K
It’s so much fun when you get it right and these guys are getting it right!
Source: Medina International Holdings, Inc., New York Times, Reuters
Medina International Holdings, Inc.
255 S. Leland Norton Way,
San Bernardino, CA 9240
Phone: (909) 522-4414
Email: info@medinaih.com
Website: www.medinaih.com
www.medinamarine.com
Investor Relations
Contact Person: Krishna Mankal
Phone Number: (909) 522-4414
About Medina International Holdings, Inc. (OTCBB: MIHI): produces commercial fire, rescue, police and patrol boats utilizing the highest design and performance standards. The company’s products combine safety, power, handling and stability with a proprietary hull design and equipment features that address specific niche markets.
Disclosure: Pentony Enterprises LLC has been compensated 15,000 restricted 144 shares of stock for profile coverage. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
Forward Looking Statement: Certain sections of this report may contains forward-looking statements that are based on management’s expectations, estimates, projections and assumptions. Words such as “expects,” “anticipates,” “plans,” “believes,” “scheduled,” “estimates” and variations of these words and similar expressions are intended to identify forward-looking statements, which include but are not limited to projections of revenues, earnings, segment performance, cash flows, contract awards, aircraft production, deliveries and backlog stability. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors, including, without limitation: General and international political and economic conditions; All forward-looking statements speak only as of the date of this report or, in the case of any document incorporated by reference, the date of that document. All subsequent written and oral forward-looking statements attributable to the company or any person acting on the company’s behalf are qualified by the cautionary statements in this section. The company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this report.
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