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MMIO .... Just announced their 3rd new contract in the last 6 days. Higher then normal volume the last week. Weak market could be holding this one back .... imo
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HOUSTON, TX -- (MARKET WIRE) -- 05/18/06 -- Marmion Industries Corp. (OTC BB: MMIO) (Frankfurt: M6IA) announced today the signing of a two year purchasing-pricing agreement beginning June 1st of 2006 with Tesla Power, a subsidiary of Integrated Electrical Services, a public company that has been a steady customer of Marmion Industries Corp. for over four years. "This agreement that is potentially worth more than $600,000.00 over the term to supply equipment shows that we are bringing our products to market in a fashion that appeals to our repeat customers and their needs. Marmion Industries Corp. has been a reliable supplier of environmental systems to the companies that build the new critical industrial facilities and control centers," said W.H. Marmion, president of Marmion Industries Corp. "We are highly pleased with our repeat customer base and are currently in negotiations with other companies to bring additional products to market."
Marmion Industries Corp. (http://www.marmionair.com) is a specialty company that manufactures and markets explosion-proof air conditioners, refrigeration systems, chemical filtration systems and building pressurizers. The explosion-proof market encompasses industries including oil and gas exploration and production, chemical plants, graineries and fuel storage depots. Additionally, there is significant demand for these systems anywhere sensitive computer systems and analyzation equipment is located. Recognized by the Texas Dept. of Licensing and Regulation (TACLA019367C) as a contractor in the field of Heating Ventilation and Air Conditioning, as well as the Louisiana State Licensing Board of Contractors (Lic. No. 44001) as a contractor in the field of Commercial Heating Ventilation and Air Conditions and Sheetmetal. The Company commenced residential and commercial HVAC service operation in Texas in 1998 and has since provided specialty service to Fortune 500 clientele.
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HOUSTON, May 15, 2006 /PRNewswire-FirstCall via COMTEX/ -- Marmion Industries Corp. (OTC Bulletin Board: MMIO) (Frankfurt M6IA.F) announced today the signing of a Subcontract on May 4, 2006 for the gross sum of $1,099,000.00 for the demolition, renovation and replacement of the mechanical equipment and duct work on a Pasadena, Texas Public School. The work is to commence on the 25th of May of 2006 and should be completed within the next four months. "This agreement marks the continued expansion of Marmion Industries Commercial Division and is evidence that we are making tremendous progress in bringing our products and services to the customers that need them. These customers include Texas Public School Districts and the State of Texas," said W.H. Marmion, president of Marmion Industries Corp., "We are highly pleased with our rate of growth in this market."
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May 12, 2006 (M2 EQUITYBITES via COMTEX) -- Marmion Industries Corp (OTC BB:MMIO; Frankfurt:M6IA), a provider of explosion-proof air conditioners, refrigeration systems, chemical filtration systems and building pressurisers, said on 11 May that it has received a letter of intent for heating, ventilation and air conditioning work.
The letter of intent, from Drymalla Construction Ltd of Columbus, Texas, covers all HVAC work in connection with the construction of the Thompson Elementary Replacement School in Houston, Texas.
Marmion would receive up to USD895,180 for this project, under the terms of the letter of intent. A final contract is expected to be signed in the next four weeks.
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Three R/S since Nov. 2004: 1 for 500 reverse stock split, which was effected on November 19, 2004; a 1 for 1000 reverse stock split, which was effected on March 17, 2005 and a 1 for 100 reverse stock split, which was effected on January 26, 2006.
"As of March 23, 2006, we had 5,924,990 shares of our common stock outstanding."
[ May 18, 2006, 08:01: Message edited by: Squire38 ]
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