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Marmion Industries Corp. Announces Contracts Aug 24, 2005 8:00:00 AM HOUSTON, Aug. 24 /PRNewswire-FirstCall/ -- Marmion Industries Corp. (OTC Bulletin Board: MMIC) announces being awarded two new contracts totaling more than $126,000.00. One purchase order is for $92,000.00 for Industrial Equipment to one of our long-term customers and the other is a new construction contract for a small manufacturing plant in central Texas. The materials have been ordered and pre-job planning is underway. W. H. Marmion, President, says, "This is very exciting for the future of Marmion Industries Corp. as we are seeing the results of implementing our business plan and gaining a positive reputation in this industry. I believe by aggressively going after the business that is out there we can build a successful new construction division that can equal if not exceed our industrial revenues."
About Marmion Industries Corp.
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, the Company commenced residential and commercial HVAC service operation in Texas in 1998 and has since provided specialty service to Fortune 500 clientele.
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein the statements in this news release are forward- looking statements that involve risks and uncertainties and are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results.
CONTACT: Shareholder Services of Marmion Industries Corp., 1-713-466-6585, or sales@marmionair.com .
SOURCE Marmion Industries Corp.
---------------------------------------------- Shareholder Services of Marmion Industries Corp. +1-713-466-6585 or sales@marmionair.com
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I agree bmarley-- I know that alot of people have been sitting on the side lines on this one.. Maybe today will convince them to jump in? GL
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This one needs another round before really moving big. I would say this bottoms here at 0.007, and then slowly begins to creep up before breaking out. Check out VNBL right now if you want a good trade, its moving fast.
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Geesh! I thought that we were going to fly past .02 today? People your supposed to buy on good news and sell on bad news...HHHmmm. Lets see what the rest of the day brings....
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That is why as we say in Technical Analysis, "its not the news, but how the crowd reacts to it..."
The Fundamentals and numbers are straight forward and rational, but the crowds trading the stocks tend to be impulsive and highly irrational. Yesterday was the heads up that this was taking a dive today... I anticipate that it repeats the pattern it has done in the past two weeks and recovers before really moving big within 3 weeks.
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PhoenixStockMaster-- No news today. Hear of some good stuff under the carpet.. Maybe some more contracts and Mergers? Have not verified those yet though... I see .04-.05 in the near future if true.. Need to get the traders out that are fighting for 1/100 of a penny out though... Geeesh! GL
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I have read this 10Q ( Not the lastest one but randomly to see thier operating)I believe that this is way under valued company.
The follwoig is one good sign :"Our long-term plans for growth include expanding our industrial base into Louisiana and abroad through new licensing and business contacts from ongoing marketing" Quick Financial Analysis
Thier Income Statement has greatly improved: thier sales is up $501K from $348K. Thier Selling and Gen. Admin. has decline to $508K from $1.928 Mil. Thier Balance sheet look good; no long term obligations. Their account receivable is growing (meaning more sales). Account Payable is a concern though.
-------------------- What do you think ?
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I am sure we will start seeing green soon. I think that with 7 green days in a row that there would have to be a few bumps in the road. Just gives me a chance to pick up some cheap shares. More contract news and a selloff? Doesn't make sence to me... I think that maybe the mm's may have had something to do with it, because when that news came out before the bell, the spread was really bad... Ask was up, but the bid didn't follow. Scared people into selling I think.. Looking for a better week next week..GL
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Holding well this morning.. I suppose after 7 straight up days that you needed some bumps in the road. I won't be supprised if we start another 7 day run from here. Holding for more news! GL
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The stock is very weak right now, I do not see it moving anywhere big until it builds another base so it could be a while... I think our capital could be put to better use other places...
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