Following a string of very positive news over the past month, Marmion Industries Corporation (OTCBB: MMIO) updated investors this morning on its recent achievements and outlined a few key goals for the company going forward.
http://biz.yahoo.com/prnews/071011/lath046.html?.v=101

Putting the company's past market performance and current share price aside for a moment, I'm intrigued by Marmion for a number of reasons:

1. They've announced $5M worth of booked and completed biz over roughly the past 5 weeks. Since they did about $4.6 in revs for all of '06, this is a positive indicator that business is ramping up.

2. The true telltale sign that a company is growing! Marmion recently purchased land is about to break ground on a new facility that will help them meet growing demand for current products and even delve a bit deeper into the OEM business. Not only is this great for sales, it also helps to open the doors to end-users like ConocoPhillips, a current user of Marmion Products

3. Marmion is located in Texas, the largest oil producing state in the U.S., and plans to target customers for the first time rather than relying simply on word of mouth which has got them this far.

4. Management realizes that operational efficiencies can be improved and is making an effort to audit current business processes and implement new quality mandates to ensure the ship is run as tightly as possible.

5. The investment going into the Petrochem industry over the next five to ten years will be enormous, if MMIO can latch on with more of the world's Lucites and Conoco's, going after funding that will take the company to the next level or priming itself for acquisition are both distinct possibilities.

Check out this recent article from 9/24/07. It gives you an idea of the investment going on right in Marmion's backyard.

http://www.texasgulfcoastonline.com/News/tabid/86/ctl/ArticleView/mid/466/articleId/72/Default.aspx

Labels: Marmion Industries, Marmion Industries Corp., MMIO