Marmion Industries Corp Announces Three Million Dollar Letter of Intent with Kuwaiti Company 11/28/05
HOUSTON, Nov 28, 2005 /PRNewswire-FirstCall via COMTEX/ -- Marmion Industries Corp (OTC Bulletin Board: MMIC) announced today that it has entered into a Letter of Intent with Al Dunia International, a Kuwaiti company, for exclusive representation in the Middle East. This LOI is valued at three million minimum and as much as five million over the course of the definitive agreement. "This agreement will give Al Dunia the exclusive marketing rights in Kuwait, Bahrain, United Arab Emirates, Saudi Arabia and Qatar for five years. The first project is estimated at over $600,000.00 and is scheduled to begin in early 2006," said W.H. Marmion, president of Marmion Industries Corp. "I am excited at our progress in following through on our business plan and our ability to continue to expand our customer base."
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.
-------------------- Trading is a blast!! Posts: 4921 | From: Rhode Island | Registered: May 2005
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What did I tell you Boys! We should travel to .01 to .03 very soon. They received an exclusive right to work in the middle east which means only 1 thing, Once you get 1 contract you are bound to get more contracts by others in the region.
This baby should fly today.
Posts: 541 | From: Virginia | Registered: Nov 2005
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Dunno iii, but this is good news, someone on RB called it, news on monday or tuesday they were right on the money. I might increase my position here as well as in MOTG we will see
Posts: 3086 | From: miami | Registered: Nov 2005
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MMIC sucks! Lost $1,758,644 in 3rd Q, and had no cash. Repeat dilutor, R/S offender. Had negative gross profit man sheeesh!
Posts: 1468 | Registered: Jul 2005
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I agree MB expected a bigger run * least .0045, oh well at least i left with a profit.
Posts: 3086 | From: miami | Registered: Nov 2005
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Marmion Industries Corp Announces Three Million Dollar Letter of Intent with Kuwaiti Company
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