Medina International Holdings, Inc. (OTCBB: MIHI) – Medina Upped With 185% Sales Increase for Fiscal Year 2011

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

Medina boasts of having sold nine rescue and fire rescue boats during the fiscal year 2011, which has contributed to 185% of the company’s increase in sales.  The company’s net losses have also decreased by 24%.  Medina declared gross revenues of US$1.54 Million for the year ended April 30, 2011, compared to $541,000 for the same period in 2010.

Harbor Guard Boats’ Vice President of sales, Mr. Tim Spooner, commented, that “our products are gaining recognition and credibility due to our experience in quality watercraft manufacturing and superior customer service.”

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