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M2 PRESSWIRE-July 31, 2007-OTCPicks.com: OTCPicks.com Daily Market Movers Digest Midday Report for July 31st MIHI, SDVI, HSFI, ESPH, BZET (C)1994-2007 M2 COMMUNICATIONS LTD
Our Stocks to Watch today include Medina International Holdings (OTCBB: MIHI) Signature Devices Inc. (OTC: SDVI), Homeland Safety International (OTC: HSFI) Ecosphere Technologies (OTCBB: ESPH), Biofield Corp. (OTC: BZET)
MEDINA INTERNATIONAL HOLDINGS (OTCBB: MIHI) "Up 13.33% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/MIHI.php
Company Profile: http://www.otcpicks.com/profiles/mihi/index.php
Medina International Holdings, Inc. (OTCBB: MIHI) is focused on design, production and sales of special purpose equipment for private, state, local and federal agencies. The Company is produces commercial Fire, Rescue and Police boats utilizing the highest design and performance standards. The Company's products combine power, safety, handling and stability with a patented hull designs and equipment features tomake the boats safer, more stable and more effective. The Company's boats are designed to perform better than any other boats in the market.
With approximately 241,524 miles of waterways in the United States alone, opportunities for fire, search and rescue, and patrol boats are abundant. Assuming the need for one boat to cover each ten miles of waterway, the market is estimated at 24,152 boats for the United States alone. At $100,000 per boat, this represents a market of $2.4 billion within the United States; this is a large specialty market that the company effectively addresses with its current product offerings.
The Company has a strong and experienced senior management team that has made investors money in the past. Madhava Rao Mankal CFO & Director, has more than 28 years of experience as an executive. From 1999 to he served with Force Protection, Inc. (NASDAQ:FRPT) formerly Sonic Jet Performance, Inc as President/CFO and was a member of their Board until September 30, 2004. Rao was instrumental in arranging the acquisition of assets that drove the value of that company from roughly $1 per share to over $31 in June 2007, commanding a market cap of well over $1 billion. Rao is a Certified Chartered Accountant from India and Cost Accountant from India, and Certified Management Accountant from the USA.
Daniel Medina, President & Director, has extensive experience in every phase of operations including specific strengths in sales, marketing and manufacturing. Danny has been in the Marine products...