Medina International Holdings, Inc. (OTCBB: MIHI) – Medina Declares $1.54 Million Gross Revenues for 2011 Fiscal Year End

Filed In: Medina International, MIHI, Jet Boats, boating, rescue boats, watercrafts, Medina Marine, Harbor Guard

On August 01, 2011, Medina International Holdings, Inc. released its 10K for the fiscal year 2011 and declared gross revenues of US$1.54 Million for the year ended April 30, 2011.  Medina sold nine rescue and fire rescue boats during the last fiscal year.  Sales increased by 185% or US$1 Million, while net losses decreased by 24%.  The Total Assets Turnover Ratio increased to 2.65 for the fiscal year ended April 30, 2011 from 0.52 in 2010.

Medina International Holdings, Inc. through its wholly owned subsidiary, Harbor Guard Boats, Inc., produces commercial fire, rescue, police and patrol boats.  The Company holds several patents, and utilizes the highest design and performance standards, with a proprietary hull design and equipment features that address specific niche markets.

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