MMIO Back In The News, Future Looking Bright
Marmion Industries Corporation (OTCBB: MMIO) is back in the news this morning with yet another order for their products and services. The thing that I really love about MMIO is the fact that the company has grown so much since 2001 when it did $1.1M in revenues and still has virtually unlimited room to grow going forward.While the company's reported revs for the first 9 months of 2007 exceeded its 2006 total, it's the future that has me watching closely here.
With publicly stated plans to soon break ground on a new facility that will help increase manufacturing output and also diversify the current offering, the company appears to be on the right track here. Moreover, MMIO's products are gaining recognition in the petrochemical industry. Marmion Industries has conducted projects for Lucite International and shipped products to big names such as ConocoPhillips. MMIO is also having a great deal of success in regards to securing local/regional commercial jobs, mostly at educational facilities. All things considered, things are looking up.
How Long Can We Stay in the Penny Range?
News out recently exhibits the steady flow of business coming in to the company. With the stock hanging around $.01 on fairly thin volume, I'm sure investors are hoping for some more positive corporate developments to send it higher. Judging by the company's recent ability to secure relatively big deals while growing revenues to record levels, I wouldn't say that's out of the question.
Labels: HVAC, Marmion Industries, Marmion Industries Corp., MMIO
posted by "Staff" at
8:00 AM
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