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Sunday, May 11, 2008

OTC 08 Attracts 75,092. MMIO Launches Ad Campaign

According to Offshore Magazine: "The 2008 Offshore Technology Conference attendance was 75,092, report organizers. This tally is up 11% from last year".

In my opinion this is promising for Marmion Industries Corp. (OTCBB: MMIO). The company recently initiated its first ever concerted sales & marketing program and recognized the event as a unique opportunity to introduce a new line of industrial climate control products.

They then purchased ad space in
Offshore Magazine, which was reportedly distributed, free-of-charge, to all interested attendees. As I mentioned previously, MMIO reps were also in attendance at the show to follow up with any potential inquiries as well as network with interested parties.

For a company that has relied on word of mouth thus far to drive growth, the conference is a major step in the right direction. The implications for Marmion are huge here if just one long-standing relationship is forged. Particularly since MMIO did rely on only 3 customers to generate 64% of revenues in fiscal '07, with Powell Industries accounting for a lofty 28%.

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