HOUSTON, Sept. 27 /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 the purchase of 2.75 acres of
land in Houston, Texas, along with its plan to construct a new 126' X 250'
multi-use facility.
The new plant will allow Marmion Industries to increase production levels in
order to meet growing demand for its state-of-the-art equipment. Marmion's new
facility, which is located approximately one-mile from its current
headquarters, will also house the company's international sales office and act
as its main base of operations.
Commenting on today's news, CEO W.H. Marmion stated: "I am ecstatic that we
will finally be able to bring into manifestation a dream we have held for many
years. The new facility will enable us to bring into our company many of the
processes we were outsourcing for years, thus enabling us to increase quality
and our competitive share in the market. We desire to develop more business
products and services, as well as expand our core explosion proof industrial
product line."
Construction of the plant is scheduled to commence by the end of November
2007 and be completed by March 2008. In addition, the plant is being
engineered by Binkley & Barfield Inc. Engineering, Houston, Texas, and the
architect is Archi-Group, of Houston, Texas.
In a testament to the enormous growth potential in the company's core
markets, 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. Recent progress made by Marmion Industries Corporation in the
industrial segment of the HVAC industry is exhibited by a recent sale for a
ConocoPhillips project, in addition to 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.
Contact:
Seacoast Advisors
IR@seacoastadvisors.com
(888) 945-2110
