On the heels of last week’s news regarding the completion of a $1M project, Marmion Industries Corp. (OTCBB: MMIO) announced a $2.1M contract today that holds the potential to bring year-end revenues to nearly $5.5M. Since the company logged just over $4.6M during 2006, a 20% increase, just nine months into the year should be a welcome site for investors.

Trading over one-million shares as of 1:29ET today (9/11/07), MMIO is down roughly 7% on relatively high volume. Despite the minute drop in share price, interest seems to be rising over the past week or so.

I’m guessing that (a) surging revenues, (b) above-average volume, and (c) the company’s decision to update investors regarding its recent advancements; should reflect positively in share price going forward.

Let’s see what develops here in the coming days.

Labels: Marmion Industries, Marmion Industries Corp., MMIO