Medina International Holdings – StockGuru Profile – OTC: MIHI
Rao Mankal is the CFO and a Director for Medina Holdings International. Medina Holdings International produces commercial fire, rescue, police and patrol boats utilizing the highest design and performance standards. MIHI’s products combine safety, power, handling and stability with a proprietary hull design and equipment features that address specific niche markets.
I believe MIHI brings the kind of real world experience that benefits a world class organization. The hull design and the equipment features that MIHI is delivering are exactly what 21st Century law enforcement and military must have.
Rao Mankal’s reputation proceeds him and his experience bodes well his newest project: Medina International Holdings. It was Rao Mankal who founded and pulled together Force Protection (NMS:FRPT). FRPT went from roughly $1 to $30 in a few years and is now over $17.
Rao Mankal was profiled in a recent USA Today article:
August 2, 2007 USA Today : Cougar Survives IED Military Blast
… The company traces its roots to Sonic Jet Performance, Inc., a California speed boat company founded in 1997. When the boat business hit tough times after the Sept. 11, 2001, terrorist attacks, company officials began looking for a new product, says Madhava Rao Mankal, then Sonic Jet’s chief financial officer.
They had just gotten a $25,000 investment from Frank Kavanaugh, a principal with the equity investment firm Ashford Capital, and he’d committed to raise far more. In return, he got a 20% stake in the business.
Around that time, Mankal heard about Garth Barrett, a former Rhodesian military officer who had a company, Technical Solutions, that was building a new type of mine-resistant vehicle.
The heavily armored trucks featured a V-hull design that deflected underbody blasts away from the passenger compartment, and Barrett had seen them save lives in Africa’s bush wars. He’d licensed the rights from the South African manufacturer to produce two U.S. models: the Buffalo, a huge, mine-clearing truck, and the Cougar, which was smaller and more versatile.
“Their company was struggling, so we … took it over,” Mankal recalls. “The world was in chaos, there was terrorism, and we felt there was a big market for that product.”
Mankal built on this knowledge base and now applies it with MIHI. It is this wealth of experience and dynamic participation in real world needs for law enforcement and homeland protection services coupled with an understanding of the scope of international terrorism that underscores the management and the vision of MIHI.
August 2, 2007 USA Today : Cougar Survives IED Military Blast
Source: Medina International Holdings, Inc.
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.
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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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