HOUSTON, Sept. 20 /PRNewswire-FirstCall/ -- Marmion Industries Corp (OTC Bulletin Board: MMIO - News), (the "Company") -- an emerging manufacturer and modifier of heating, ventilation, and air conditioning (HVAC) equipment -- today announced a two year ongoing purchasing agreement with a repeat industrial customer, Powell Industries of Houston, Texas.

The purchasing agreement, valued at approximately $2,000,000.00 over a two year period is for products used in an industrial specialized environment where Marmion's highly esteemed HVAC design capabilities and expertise are of great value. The company indicated the initial equipment units specified under the purchasing agreement are already in production in the factory and Marmion Industries will continue to build and ship additional orders under this agreement for the next two years.

CEO W.H. Marmion stated, "I think it is a powerful statement that our larger customers continue to re-establish large ongoing purchasing agreements with us. I believe this proves we are flexible and focused upon their needs and are continually providing an environment in which we can both grow and prosper. This is the third purchasing agreement they have signed with us in the last four years. Marmion Industries will continue to strive to supply our customers with both products and service that is a cut above the competition."

Marmion's hazardous location wall mounted air conditioners have recently been awarded third party approval through Intertek Testing Services. The designation, which Marmion is in the process of obtaining for additional industrial products, facilitates the company's ability to directly target increasingly larger customers within the global petrochemical industry. This is expected to play a key role in Marmion's future expansion into the highly lucrative space.

In a testament to the enormous growth potential in this key target market, the International Energy Agency estimates that the total investment required in the oil and gas sectors over 2005 to 2030 will amount to more than $8 trillion. The recent progress made by Marmion Industries Corporation in the industrial segment of the HVAC industry is exhibited by both second quarter and first half industrial sales which reach $691,000 and $1,700,000 respectively, up from $433,000 and $868,000 during 2006.

About Marmion Industries Corporation

Marmion Air Service specializes in Explosion-Proof Heating, Ventilation, Cooling Pressurization and chemical filtration solutions for mission-critical applications. Our reputation is based on superior equipment and service, from south Texas and Louisiana refineries to drilling rigs and chemical plants in Saudi Arabia and South America. Our products are designed for application in Petro-Chemical, Industrial, Agricultural, wastewater, pulp and paper, elect., medicine, and Aerospace. Marmion Air Service commenced operation in Texas in 1998 in residential and commercial HVAC service. The Texas Department of Licensing and Regulation -- TACLA019367C -- recognizes the company as a contractor in the field of Heat Ventilation and Air Conditioning. The company is in the process of working towards third party certifications on selected manufactured equipment.

Further information on Marmion Industries is available at: http://www.marmionair.com and http://www.microstockprofit.com

Forward Looking Statements

The information in this news release includes certain forward-looking statements that are based upon management's expectations and assumptions about certain risks and uncertainties that can affect future events. Although management believes these assumptions and expectations to be reasonable on the date of this news release, these risks and uncertainties may cause actual events to differ material from managements those contained in this news release. The risks and uncertainties include, but are not limited to, continuing as a going concern, availability and cost of our present vendors and suppliers, and absence of any change in government regulations or other costs associated with data transmission over the Internet or termination of transmissions in foreign countries.

 

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