Beacon Equity Research Issues Report Update Regarding Medina International Holdings, Inc. (MIHI.OB)
Medina International Holdings is focused on designing, manufacturing and selling recreational, fire, rescue and police boats to an international audience. The boats are specifically designed for private, state, local, federal agencies and military use. Quick response boats have been in higher demand since September 11 and the increasing terrorism concerns. Recently, the SAFE Port Act was signed into law which expanded importance on port security by providing over $3.4 billion every year, for the next five years, designed for port security. The Act also provides $400 million a year over the next five years for training exercises at ports. In…
