Medina International Holdings, Inc. Completes Sale and Delivery of Fire Rescue Boat to the New Fairfield, Connecticut Volunteer Fire Department
Market Wire, July, 2007
Medina International Holdings, Inc. (OTCBB: MIHI) is pleased to announce that in late June it completed delivery and received payment for a 15' 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 Squantz Engine Company is a volunteer fire company nestled between Squantz Pond State Park and Candlewood Lake in picturesque New Fairfield, Connecticut. One of three companies in the New Fairfield Volunteer Fire Department, it is an all volunteer force. Their 6000 square foot facility houses 6 vehicles and services a district of approximately 25 square miles. They provide fire, emergency medical, rescue and a multitude of other services to their town.
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"After initial deployment of this 15' boat to the Squantz Engine Company, fire department personnel used the boat in a fire response mission in early July," stated Daniel Medina, President of Medina International Holdings, Inc. "We are proud to say that the boat successfully performed its function and the supervising personnel were very pleased. We expect to continue receiving additional orders for the 15' and 21' Fire Rescue boats as our sales and marketing initiatives take hold."
Medina's 15' and 21' Fire Rescue boats can be custom configured for a variety of tasks, including but not limited to: Fire, Search and Rescue, Security Patrol, Military and Ambulatory Care. The boat's proprietary hull design makes it useful in situations where a shallow draft boat must be used, such as intercoastal waterways, shallow lakes, rivers and shoreline areas.
Medina will be releasing more information in the coming weeks on its products, deployment to domestic and international customers and other developments within the company.
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 approximately 241,500 miles of waterways in the United States alone, opportunities for fire, search and rescue, and patrol boats are abundant. Assuming the need for 1 boat for every 10 miles of waterway, the potential addressable domestic market for Medina's products is $2.4 billion. International demand is even greater than domestic demand, which presents exponential 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 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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