Archive for the ‘Medina International Holdings Inc. MIHI’ Category

Beacon Equity Research Featured Company: Medina International Holdings, Inc. (MIHI.OB)

Friday, February 1st, 2008

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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Beacon Equity Research Issues Report Update Regarding Medina International Holdings, Inc. (MIHI.OB)

Monday, November 5th, 2007

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 close time proximity of the Act’s signing, US Homeland Security Secretary Michael Chertoff stressed the importance of improving protection of the US coast before the House Committee on Homeland Security.

The analyst of the report stated, “Since our initial report, the Company has made significant progress in implementing its business model. MIHI has secured a distribution agreement with a major DOD contractor, made its first sale of a fire rescue boat outside the US (in Turkey), extended the license term for the 12’ and 15’ boat designs and will participate as an exhibitor at the only international event covering global maritime security. In addition, the Company is in the process of negotiating distributor relationships in Central and South America, Europe and the Middle East and has recorded revenues and gross profits of $192,800 and $105,806 for the first quarter ended July 31, 2007.

She concluded, “Management anticipates additional product deliveries in the second half of 2007 and recently reaffirmed its 2007 guidance of approximately $800,000 in sales. Since we issued our initial report, MIHI’s share price has risen to $0.45 then fallen to a $0.38 current range. Our valuation analysis and recent developments suggest that there remains significant potential for further growth. Consequently, we reiterate our Speculative Buy Rating and $0.94 price target.”

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Beacon Equity Research Awards Medina International Holdings Inc. (MIHI.OB) with $0.94 Target Price

Tuesday, July 31st, 2007

Medina International Holdings is a developing company that is focused on designing, manufacturing, and selling boats for the US market. Its boats are designed for private, state, local, federal agencies and military use.

The company’s boats offer superior power, safety, handling and stability and rank among the best boats in the market. Their patented hull designs make the boats safer and more stable than its competitors. The boats can also be custom designed for a variety of uses such as fire, search and rescue, security patrol, military, ambulatory care and more.

The U.S. boat building industry is large and growing. Last year nearly 73 million Americans, or 1/3 of American adults, participated in boating activities and according to MarineMarketingNews.com, global demand for recreational boats is expected to grow 7% annually through 2011.

The increasing awareness and demand for Medina’s boats could greatly increase future revenues and earnings. The research bureau closed its research report with a Speculative Buy rating and a $0.94 price target.

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