Medina International Holdings, Inc. (OTCBB: MIHI) – Medina International Holdings Delivers Strong Fiscal Year 2011 Results

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

Medina International Holdings, Inc., through its two wholly owned subsidiaries, Medina Marine and Harbor Guard Boats, Inc., design, manufacture and market commercial and recreational watercrafts.

The company released its 10K for the fiscal year 2011 on Aug. 1 and announced that they have sold 9 rescue and fire rescue boats within the same year resulting to 185% increase in sales.  Medina CFO Rao Mankal said that the company was very pleased with its fiscal year results and added that the management has worked diligently to add shareholder value, avoid dilutive financing activities and organically grow their business.

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