Medina International Holdings, Inc. Along with Its Wholly Owned Subsidiaries, Moves to a Larger Location in Corona, California
COSTA MESA, Calif., Feb. 15 /PRNewswire-FirstCall/ -- Management of Medina International Holdings, Inc. (Pink Sheets: MIHI) signs a lease to rent a manufacturing facility in the city of Corona, California.
"This new larger facility will enable us to consolidate production process in one location with substantial reduction in rent compared to the Costa Mesa Facility," commented Mr. Daniel Medina, President of Medina International Holdings, Inc. Daniel Medina also stated that, "The Corona manufacturing facility is close to the lakes and the ocean, in addition to many watercraft related vendors."
"The Corona facility was previously leased by a boat manufacturer, providing us with the necessity of minimal modifications of building to manufacture our watercrafts," commented Mr. Madhava Rao Mankal, Chief Financial Officer of Medina International Holdings, Inc. "The new facility will enable us to increase our manufacturing capacity."
About Medina International Holdings, Inc.
Medina International Holdings, Inc. through its wholly owned subsidiary, Harbor Guard Boats, 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 products ranging from 12' to 37'.
For more information visit http://www.medinaih.com, http://www.medinamarine.com, http://www.harborguardboats.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: |
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Medina International Holdings, Inc. |
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Daniel Medina |
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President |
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(909) 522-4414 |
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SOURCE Medina International Holdings, Inc.
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