Medina International Holdings, Inc. (MIHI.OB) designs, manufactures and sells recreational, fire, rescue and police boats for the US and international markets. The boats produced by Medina are designed for private, state, local, federal agencies and military use.
There is an increased demand for specialized quick response boats since September 11, 2001. Increasing terrorism concerns and heightened US Homeland Security includes the need to secure and defend open coastline, bays, harbors, rivers, waterways, private industrial sites and ports. The Company has a signed agreement with Kelly Space & Technology, Inc, which makes Medina the exclusive distributor for watercraft sales to the US Department of Defense.
Medina is also focused on obtaining relationships and agreements with the US and international defense markets. This includes negotiations establishing distributor relationships in its key markets such as Central and South America, Europe and the Middle East. Medina International plans to select a distributor in each of the targeted regions and use that distributor’s existing network and contacts to facilitate boat sales.
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