PR NEWSWIRE) Marmion Awarded 2.1 Million Dollar Contract
Marmion Awarded 2.1 Million Dollar Contract
HOUSTON, Sept. 11. /PRNewswire-FirstCall/ -- Marmion Industries Corp
(OTC Bulletin Board: MMIO), (the "Company") -- an emerging manufacturer and
modifier of heating, ventilation, and air conditioning (HVAC) equipment --
today announced that it has secured a contract valued at approximately
$2,100,000 for HVAC-related equipment and installation services at Sweeney
High School (Sweeney -- TX).
Production for the project, which is targeted for completion by December
of 2008, commenced on August 21, 2007. Commenting on today's news, CEO W.H.
Marmion stated "We are very excited with this the second, in what we believe
will be a long and profitable relationship with one of the more successful and
well established general contractors in Texas, Drymalla Construction of
Columbus, Texas. This Sweeney contract is more than double the size of the
previous contract we successfully completed for Drymalla, which was Thompson
Elementary that included the LEEDS certification standard. This I believe is a
strong statement that we can secure the larger contracts and more importantly
deliver the goods on time. We continue to work our plan of selectively taking
on the more promising contracts, giving us a continued edge as we grow our
business in this industry."
By diversifying its business across both the industrial and commercial
sectors of the global HVAC market and adhering to the upper echelon of
industry standards, Marmion Industries is now able to position its suite of
products and services in front of a larger potential customer base than ever
before.
This is exhibited by both the company's recent implementation of the
Leadership in Energy and Environmental Design 'LEED' Certification of Quality
Program, which has facilitated its ability to secure approximately $3,000,000
worth of commercial contracts within a relatively short time frame.
Furthermore, receiving third party approval through Intertek Testing Services
for its hazardous location wall mounted air conditioners has helped drive
Marmion's growing industrial sales, which increased approximately 80% during
the second quarter of 2007, on a year-over-year basis.
In a testament to the vast pool of opportunity located within the
company's core markets, The Freedonia Group is projecting World demand for
HVAC equipment to rise over 5 percent per year through 2010, exceeding $65
billion.
About Marmion Industries Corporation
Marmion Air Service specializes in Explosion-Proof Heating, Ventilation,
Cooling Pressurization and chemical filtration solutions for mission-critical
applications. Our reputation is based on superior equipment and service, from
south Texas and Louisiana refineries to drilling rigs and chemical plants in
Saudi Arabia and South America. Our products are designed for application in
Petro-Chemical, Industrial, Agricultural, wastewater, pulp and paper, elect.,
medicine, and Aerospace. Marmion Air Service commenced operation in Texas in
1998 in residential and commercial HVAC service. The Texas Department of
Licensing and Regulation -- TACLA019367C -- recognizes the company as a
contractor in the field of Heat Ventilation and Air Conditioning. The company
is in the process of working towards third party certifications on selected
manufactured equipment.
Further information on Marmion Industries is available at:
http://www.marmionair.com and http://www.microstockprofit.com
Forward Looking Statements
The information in this news release includes certain forward-looking
statements that are based upon management's expectations and assumptions about
certain risks and uncertainties that can affect future events. Although
management believes these assumptions and expectations to be reasonable on the
date of this news release, these risks and uncertainties may cause actual
events to differ material from managements those contained in this news
release. The risks and uncertainties include, but are not limited to,
continuing as a going concern, availability and cost of our present vendors
and suppliers, and absence of any change in government regulations or other
costs associated with data transmission over the Internet or termination of
transmissions in foreign countries.
Contact:
Seacoast Advisors
IR@seacoastadvisors.com
(888) 945-2110
SOURCE Marmion Industries Corporation
Contact Information:
Seacoast Advisors, 1-888-945-2110, IR@seacoastadvisors.com, for Marmion Industri
s Corporation
WebSite:
http://www.microstockprofit.com
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