Medina International Holdings, Inc. to Promote Kelly Space & Technology, Inc. Partnership at Upcoming Maritime Security Expo
Medina International Holdings, Inc.
(OTCBB: MIHI)
Medina International Holdings, Inc. to Promote Kelly Space & Technology, Inc. Partnership at Upcoming Maritime Security Expo
Friday , September 14, 2007 10:00ET
SAN BERNARDINO, CA — Medina International Holdings, Inc. (OTCBB: MIHI) announced today that Kelly Space & Technology will be attending the upcoming Maritime Security Expo 2007 with the company.
Daniel Medina, CEO of Medina International Holdings, Inc., stated, “We feel that the relationship with Kelly Space is strategically important for the company. The Maritime Expo will be the ideal place to promote our new partner and introduce Medina Marine’s watercraft to the buyers and decision makers that will be attending this unique event.”
OVERVIEW OF RECENT MILESTONES
– Medina recently extended the patent license term on its boat hull
design with Mr. Albert Mardikian for ten years expiring in 2017. The
Agreement provides for exclusive license rights for the 12 foot and 15 foot
patented boat designs and non-exclusive license rights on the Patented Fire
Pump design.
– Chief Financial Officer Rao Mankal was recently interviewed by USA
Today. The interview discussed the evolution of Force Protection, a
company which Mr. Mankal was instrumental in launching, and had its roots
in maritime.
– The company has completed its first sale to a Turkish local
Municipality (government of Turkey). The company delivered a 15 foot Fire
Rescue Boat on the 24th of July.
– In late June Medina completed delivery and received payment for a 15
foot Fire Rescue boat to the New Fairfield, Connecticut Volunteer Fire
Department, Squantz Engine Company. This is the first of what the company
believes could be multiple sales to Eastern seaboard counties over the
coming months.
– The company entered into an agreement on August 22, 2007 with Kelly
Space & Technology, Inc., a California Corporation, to be the company’s
exclusive distributor for watercraft sales to the United States Department
of Defense (DOD). The Agreement also provides Kelly Space & Technology,
Inc. with a non-exclusive distributorship for other, non-DOD customers, not
limited to the boundaries of the United States.
– Medina will be exhibiting at the Maritime Security Expo 2007, held at
the Jacob Javits Convention Center in New York City on November 27th and
28th. According to the Expo’s website, ‘The Safe Port Act and other recent
legislation guarantee over $5 billion in maritime/port security
expenditures over the next five years. The company intends to aggressively
pursue sales into this channel. More information on the Expo is available
at: www.maritimesecurityexpo.com.
About Kelly Space & Technology, Inc.
Kelly Space & Technology, Inc. (KST) is a privately held commercial aerospace systems and technology development company with a vision to create and commercialize technologies that will open space to large-scale commercial development and apply these space technologies to beneficial use on earth. KST has established the Aerospace Research & Development Center (ARDC) at the San Bernardino International Airport to mature and deploy critical technologies that provide advancements in aviation, space, homeland security, energy generation and related technologies for both military and commercial system applications. KST also operates the “Jet & Rocket Engine Test Site” (JRETS) on the former Norton Air Force Base.
More information on Kelly Space & Technology, Inc. is available at: www.kellyspace.com.
About Medina International Holdings, Inc.
Medina International Holdings, Inc. produces commercial fire, rescue, police and patrol boats utilizing the highest design and performance standards. The company’s products combine safety, power, handling and stability with a proprietary hull design and equipment features that address specific niche markets.
With thousands of miles of waterways in the United States alone, opportunities for fire, search and rescue, and patrol boats are abundant. The potential addressable global market for these types of watercraft is in the billions of dollars, which presents exponential potential growth opportunities for the company.
For more information, visit http://www.medinaih.com and http://www.medinamarine.com.
This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), including statements regarding potential sales, the success of the company’s business, as well as statements that include the word “believe” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Medina International Holdings, Inc. to differ materially from those implied or expressed by such forward-looking statements. Such factors include, among others, the risk factors included in Medina’s Annual Report on Form 10-KSB for the currently fiscal year and any subsequent reports filed with the SEC under the Exchange Act. This press release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, inability to timely develop of products or services, inability to deliver products or services when ordered, inability of potential customers to pay for ordered products or services, and political and economic risks inherent in domestic and international trade.
CONTACTS:
Medina International Holdings, Inc.
Daniel Medina
President
(909) 522-4414
Communications:
Cinapsys, Inc.
Mark Moline
(760) 458-4899
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http://www.stockguru.com/profiles/mihi/
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