holey moley :o :o :o
;)
are u in?
acting like BTSI. Will wait for pullback
Quote from: eliteG on June 27, 2005, 01:51:46 PM
holey moley :o :o :o
;)
Holey Moley ;D
Maybe it's ready now, Hawkeye! ;)
:D :D :D
lol..no way you're the hawkeye :D :D...
MMIC needs to prove itself..I dont think it will but lets see what kind of day it gives us tomorrow
Quote from: eliteG on August 02, 2005, 02:07:57 AM
lol..no way you're the hawkeye :D :D...
MMIC needs to prove itself..I dont think it will but lets see what kind of day it gives us tomorrow
The proof may be looking at you now. :D
It's rock and roll time! :o
Holey Moley...............Hawkeye.
+69.23% now :o
It's Hotttt.......on fire!!!!!!!!!
+92.31%
wow!!!!!...i looked at this yesterday and opted for MAGR... ???
Active.....
+ 16.00%......... Volume 1.1mil
Hello !
It seems to me is interesting !!!
1. Revenues. During the three-months ended June 30, 2005 we have net revenues of $948,549 compared to $311,045 during the same period in 2004, an increased of $637,504. Cost of sales were $794,659 or approximately 84% of our revenues during the three-month period ended June 30, 2005 as compared to $249,297 or approximately 80% during the same period in 2004
2. Increase in volume .
3. Aroon positive.
(http://)(//)
Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS.
Much of the discussion in this Item is "forward looking" as that term is used in Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934. Actual operations and results may materially differ from present plans and projections due to changes in economic conditions, new business opportunities, changed business conditions, and other developments. Other factors that could cause results to differ materially are described in our filings with the Securities and Exchange Commission.
There are several factors that could cause actual results or events to differ materially from those anticipated, and include, but are not limited to general economic, financial and business conditions, changes in and compliance with governmental laws and regulations, including various state and federal environmental regulations, our ability to obtain additional financing from outside investors and/or bank and mezzanine lenders and our ability to generate sufficient revenues to cover operating losses and position us to achieve positive cash flow.
Readers are cautioned not to place undue reliance on the forward-looking statements contained herein, which speak only as of the date hereof. We believe the information contained in this Form 10-QSB to be accurate as of the date hereof. Changes may occur after that date. We will not update that information except as required by law in the normal course of its public disclosure practices.
Additionally, the following discussion regarding our financial condition and results of operations should be read in conjunction with the financial statements and related notes contained in Item 1 of Part I of this Form 10-QSB, as well as the financial statements in Item 7 of Part II of our Form 10-KSB for the fiscal year ended December 31, 2004.
MANAGEMENT'S PLAN OF OPERATION
GENERAL
Beginning in the second quarter of 2004, as a result of a contribution to our capital by Mr. Wilbert H. Marmion, our key officer and director, of all of his shares of common stock in Marmion Investments, Inc., a Texas corporation d/b/a Marmion Air Service, we have entered the business of manufacturing and marketing of the explosion proof air conditioners, refrigeration systems, chemical filtration systems and building pressurizers. The explosion-proof market encompasses industries including oil and gas exploration and production, chemical plants, granaries and fuel storage depots. We feel there is significant demand for these systems anywhere sensitive computer systems and analysis equipment is located. We also provide residential and commercial HVAC service in Texas, as well as specialty service to Fortune 500 clients.
CURRENT BUSINESS PLAN
We manufacture and modify HVAC equipment for the Petrochemical industry specifically for hazardous location applications. We custom engineer special systems for strategic industrial environments. Additionally we perform new commercial HVAC construction services currently in the Houston, Texas area.
We currently target Refinery and Chemical plants service companies that build analyzer shelters, controls centers and computer rooms in corrosive or hazardous locations on our industrial side. Commercially we are emerging into the new HVAC construction market to take advantage of the constant new development taking place in the Houston area.
With the demand for oil and the price increasing constantly in today's market our position in this industry is poised to take advantage of the increasing boom in petroleum expansion taking place both here in the national market as well as the international markets emerging in Mexico, the Middle East and South America. We foresee the next cycle that has already begun while the commercial market and population expansion currently taking place in the gulf-coast area to continue long into the future.
Marmion Industries Corp. dba Marmion Air Service TACLB019367E. In November of 2004 the license was upgraded to TACLA019367C. This license allows us to sell air conditioners to unlimited tonnages, as opposed to the "B" license which limited us to sell equipment up to 20 tons.
Marmion Industries Corp. began seven years ago as a HVAC company in Beaumont, Texas. We then moved to Houston to take advantage of the accessibility to a larger market in and around the Houston area. Marmion Industries Corp. has always been owned and operated by W. H. Marmion and Ellen Raidl Marmion, who are husband and wife. In the first few years we acquired an agreement with Nextel Corporation to provide service and replacement of HVAC machines across southern Texas. This enabled Marmion to grow at a rapid pace as we completed Nextel's 3-G upgrade in 2000 and accomplished $1.1 million in revenues. When the stock market reversed in the early 2001 Marmion had already begun building industrial grade machines and providing them to Petrochemical customers in the Houston area. At that time Nextel began tightening their services budgets due to the low price of their stock and approached us to reduce our pricing to a rate below our cost factor. We at that time made a strategic decision to concentrate on the Industrial markets and develop our line of explosion-proof machines as our core business. We developed and refined our product line and continued to market to a growing list of customers primarily in the Houston area. Making alliances with a major wall mount air conditioner manufacturer Marvair, a subsidiary of Airxcel Inc. that is owned by Citicorp we have been able to gain a large market share rapidly.
Our past experiences of cycles of business have led us to the conclusion that diversification is the key to both market share and survival. In 2004 we began making plans to open a commercial division and hired personnel to bid and supervise commercial projects. Marmion has through out its seven years in this business built and maintained a reputation for quality service. While every project has not gone without its challenges, we have
learned, adapted, and grown through each experience. Until 2003 we operated as an S corporation and in 2003 converted to C corp. in anticipation of going in to the public arena to give us the ability to grow more rapidly. Today Marmion has ten full time employees and depending on the commercial projects undertaken as many or more subcontractors to accomplish its business objectives. We have been able to survive in the market place due to our flexibility and eye on the future while correctly estimating future trends.
Our greatest strength comes from our team of employees and the number of years of experience we collectively bring to the table. What makes us succeed is our intense belief that we produce a better product and go the extra mile to provide service to our customers.
We see as our biggest challenge our continued ability to attract and keep excellent employees to accomplish our objectives due to the fact that we do not have any type of benefits program in effect. Cash flow has and remains a major challenge due to the fact that we are outgrowing our receivables and increasing our growth rate beyond 30 percent annually. Our customers normally pay on 45 to 60 day intervals and our suppliers bill us on 30 day terms. We need larger facilities and equipment to increase profitability and meet increasing demand. A lot of what we outsource could easily be made in our own shop if we had the proper equipment adding 10- 15 percent greater yield per job in the industrial sector. Additionally, new equipment would allow us to take on a diversified work load, which could add to our profitability.
Our long-term plans for growth include expanding our industrial base into Louisiana and abroad through new licensing and business contacts from ongoing marketing. We have just begun to tap into the commercial market in the Houston area; however, the licensing in Louisiana will allow us to do commercial projects there also. Market research has shown a higher percentage of profit in the other areas due fewer contractors to bid on the work. We believe that, with right personnel and growth capital, we can grow our commercial division over the next two years. With additional sales staff we can grow the industrial side of our business in line with the commercial side due to a number of factors.
We are acquiring third party certification on our industrial line of equipment that enables us to bid and successfully be awarded a wide variety of jobs. Because of third party certification, we will now be able to be specified into large multi-national petrochemical company's specifications. This gives us an edge and increased profit line. We are currently educating engineering companies in Houston of the options now available to them and their customers. We have and are continuing to put pressure on our competitors in this business and as we push further into what has been their territory we are constantly on the look out for potential acquisitions.
By attracting and keeping better employees and retaining our current ones we feel that continuing our 30 percent growth rate over the next 3-5 years will be sustainable. We feel that we will surpass that rate in 2005, but feel we should remain conservative in our estimates.
RESULTS OF OPERATIONS
REVENUE
THREE MONTHS ENDED JUNE 30, 2005 COMPARED TO THE THREE MONTHS ENDED JUNE 30,
2004.
Revenues. During the three-months ended June 30, 2005 we have net revenues of $948,549 compared to $311,045 during the same period in 2004, an increased of $637,504. Cost of sales were $794,659 or approximately 84% of our revenues during the three-month period ended June 30, 2005 as compared to $249,297 or approximately 80% during the same period in 2004.
Operating Expense. During the three-month period ended June 30, 2005, operating expenses were $223,021 or approximately 24% of revenue as compared to $319,265 or approximately 103% of revenue for the same period in 2004. Included is $35,178 in stock based compensation.
Personnel expenses were $80,826 or approximately 36% of our operating expenses during the three-month period ended June 30, 2005 as compared to $126,756 or approximately 40% of our operating expenses during the three-month period ended June 30, 2004.
General and administrative expenses for the three-month period ended June 30, 2005 included rent and utilities in the amount of $11,750, telephone costs in the amount of $5,351, costs of travel related to operations in the amount of $4,565, automotive costs in the amount of $2,565, and insurance costs totaling $8,164.
Professional fees, which are made up primarily of accounting fees and legal fees, totaled $73,667 during the three-month period ended June 30, 2005 as compared to $40,139 for the three-month period ended June 30, 2004. The professional fees related to preparation of our Securities Exchange Act reports, professional fees associated with the preparation of our Annual Meetings, and professional fees associated with consulting and representation.
Depreciation and amortization expense was $7,890 for the three-month period ended June 30, 2005, as compared to $7,906 for the three-month period ended June 30, 2004.
Operating Net Income. For the quarter ended June 30, 2005 we realized a net loss from continuing operations of ($69,131) or ($0.01) per share as compared to a net loss of ($257,517) for the second quarter of 2004, or ($6,280.90) per share.
SIX MONTHS ENDED JUNE 30, 2005 COMPARED TO THE SIX MONTHS ENDED JUNE 30, 2004.
Revenues. During the six-months ended June 30, 2005 we have net revenues of $1,449,944 compared to $393,659 during the same period in 2004, an increased of $1,056,285. Cost of sales were $1,099,304 or approximately 76% of our revenues during the six-month period ended June 30, 2005 as compared to $309,181 or approximately 79% during the same period in 2004.
Operating Expense. During the six-month period ended June 30, 2005, operating expenses were $707,992 or approximately 49% of revenue as compared to $671,232 or approximately 171% of revenue for the same period in 2004.
Personnel expenses were $202,934 or approximately 29% of our operating expenses during the six-month period ended June 30, 2005 as compared to $266,363 during the six-month period ended June 30, 2004.
General and administrative expenses for the six-month period ended June 30, 2005 included rent and utilities in the amount of $22,041, telephone costs in the amount of $10,292, costs of travel related to operations in the amount of $6,457, automotive costs in the amount of $6,806, and insurance costs totaling $12,756.
Professional fees, which are made up primarily of accounting fees and legal fees, totaled $376,902 during the six-month period ended June 30, 2005 as compared to $106,178 for the six-month period ended June 30, 2004. The professional fees related to preparation of our Securities Exchange Act reports, professional fees associated with the preparation of our Annual Meetings, and professional fees associated with consulting and representation.
Depreciation and amortization expense was $15,738 for the six-month period ended June 30, 2005, as compared to $18,812 for the six-month period ended June 30, 2004.
Operating Net Income. For the six-month ended June 30, 2005 we realized a net loss from continuing operations of ($357,352) or ($0.08) per share as compared to a net loss of ($586,754) for the same period in 2004, or ($27,970.67) per share.
LIQUIDITY AND CAPITAL RESOURCES
As of June 30, 2005, we had a deficiency in working capital of $850,522 made up of inventory, cash and accounts receivable of $384,790. Cash flow used for operating activities required $128,654 during the six-months ended June 30, 2005.
CRITICAL ACCOUNTING POLICIES
The preparation of our consolidated financial statements in conformity with accounting principles generally accepted in the United States requires us to make estimates and judgments that affect our reported assets, liabilities, revenues, and expenses, and the disclosure of contingent assets and liabilities. We base our estimates and judgments on historical experience and on various other assumptions we believe to be reasonable under the circumstances. Future events, however, may differ markedly from our current expectations and assumptions. While there are a number of significant accounting policies affecting our consolidated financial statements, we believe the following critical accounting policy involve the most complex, difficult and subjective estimates and judgments.
STOCK-BASED COMPENSATION
In December 2002, the FASB issued SFAS No. 148 - Accounting for Stock-Based Compensation - Transition and Disclosure. This statement amends SFAS No. 123 - Accounting for Stock-Based Compensation, providing alternative methods of voluntarily transitioning to the fair market value based method of accounting for stock based employee compensation. FAS 148 also requires disclosure of the method used to account for stock-based employee compensation and the effect of the method in both the annual and interim financial statements. The provisions of this statement related to transition methods are effective for fiscal years ending after December 15, 2002, while provisions related to disclosure requirements are effective in financial reports for interim periods beginning after December 31, 2002.
We elected to continue to account for stock-based compensation plans using the intrinsic value-based method of accounting prescribed by APB No. 25, "Accounting for Stock Issued to Employees," and related interpretations. Under the provisions of APB No. 25, compensation expense is measured at the grant date for the difference between the fair value of the stock and the exercise price.
RECENT ACCOUNTING PRONOUNCEMENTS
In March 2005, FASB Interpretation No. 47 "FIN 47" was issued, which clarifies certain terminology as used in FASB Statement No. 143, Accounting for Asset Retirement Obligations. In addition it clarifies when an entity would have sufficient information to reasonably estimate the fair value of an asset retirement obligation. FIN 47 is effective no later than the end of fiscal years ending after December 15, 2005. Early adoption of FIN 47 is encouraged. Management believes the adoption of FIN 47 will have no impact on the financials of the Company, once adopted.
In May 2005, the FASB issued FASB Statement No. 154, which replaces APB Opinion No. 20 and FASB No. 3. This Statement provides guidance on the reporting of accounting changes and error corrections. It established, unless impracticable retrospective application as the required method for reporting a change in accounting principle in the absence of explicit transition requirements to a newly adopted accounting principle. The Statement also provides guidance when the retrospective application for reporting of a change in accounting principle is impracticable. The reporting of a correction of an error by restating previously issued financial statements is also addressed by this Statement. This Statement is effective for financial statements for fiscal years beginning after December 15, 2005. Earlier application is permitted for accounting changes and corrections of errors made in fiscal years beginning after the date of this Statement is issued. Management believes this Statement will have no impact on the financial statements of the Company once adopted.
OFF-BALANCE SHEET ARRANGEMENTS
We do not have any off-balance sheet arrangements.
I grabbed a little bit of this yesterday as it was pulling back. Glad to see you guys looking at it too!I am interested to see where this thing goes. Time will tell I guess ;)
Press Release Source: Marmion Industries Corp.
Marmion Industries Announces Successful Completion of Debut Commercial Project for H.I.S.D.
Tuesday August 23, 8:00 am ET
HOUSTON, Aug. 23 /PRNewswire-FirstCall/ -- Marmion Industries Corp. (OTC Bulletin Board: MMIC - News) announces the successful completion of the debut commercial project for Houston Independent School District (H.I.S.D.). This shows that we can step up to the plate and take on larger projects and complete them, enabling us to go after a larger segment of the available commercial work we have set our sights on.
ADVERTISEMENT
This project totaled more than $715,000.00 by completion and as a result of this we have been approached by other large general contractors and are currently bidding numerous additional projects. "We feel confidant that this will enable us to increase our revenue stream substantially going forward, bringing additional value to our shareholders," said W. H. Marmion, President. "Additionally, we are looking into ways to further streamline our operations and become even more competitive going forward."
About Marmion Industries Corp.
Marmion Industries Corp. (http://www.marmionair.com ) is a specialty company that manufactures and markets explosion-proof air conditioners, refrigeration systems, chemical filtration systems and building pressurizers. The explosion-proof market encompasses industries including oil and gas exploration and production, chemical plants, graineries and fuel storage depots. Additionally there is significant demand for these systems anywhere sensitive computer systems and analyzation equipment is located. Recognized by the Texas Dept. of Licensing and Regulation (TACLA019367C) as a contractor in the field of Heating Ventilation and Air Conditioning, the Company commenced residential and commercial HVAC Service operation in Texas in 1998 and has since provided specialty service to Fortune 500 clientele.
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein the statements in this news release are forward- looking statements that involve risks and uncertainties and are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results.
CONTACT: Shareholder Services of Marmion Industries Corp., 1-713-466-6585, or
[email protected] .
that is one hell of a gap up this am. Hopefully it holds and keeps on going for a few days ;)
MMIC up 51%, is anyone in it still ?
Hi !
Market Cap: 26.44K
P/E (ttm): N/A
EPS (ttm): -1.232
Div & Yield: N/A (N/A)
Marmion Industries Corp. Announces $9 Million Contract With Petroleum Firm
Sep 19, 2005 8:00:00 AM
HOUSTON, Sept. 19 /PRNewswire-FirstCall/ -- Marmion Industries Corp. (OTC Bulletin Board: MMIC) has entered into an exclusive 5 Year, $9 million contract with a large petroleum engineering firm that conducts business throughout Mexico.
This agreement specifically will enable Marmion Industries Corp. to manufacture and install their explosion-proof air conditioners, refrigeration systems, chemical filtration systems and building pressurizing which help eliminate caustic and explosive byproducts from sensitive working environments.
W. H. Marmion, President, says, "We are very pleased with this new contract which we have been working very diligently over the past 2 years to obtain. We believe this and other future contracts we are working to obtain will only strengthen and solidify the shareholder value for our investors."
About Marmion Industries Corp
(//)
Good luck.
Evgeny.
It's hot this morning............
+84.85%........Volume @......29.6 mil
I feel robbed for getting in at $.06, but I think this is a multi-bagger in the making.
Market cap $50k? That's insanely low. This could be a $.05 stock.
Just my opinion.
poorman1
up 200% today! Is this thing going to breay into pennyland today.... I think so! In this monring at .0079.
Jesus... what a move...
News:
http://biz.yahoo.com/prnews/050919/dam018.html?.v=23
With this volume, tomorrow maybe a continuation day, any thoughs ?
After going up 309% today, MMIC now has a whopping $108k market cap. ::) I'm not sure about TA, but my FA (financial analysis) tells me that with a market cap of $1.08MM, the stock would be 10 times higher or $.13, which surprisingly does not seam unreasonable based on the financial statements. The income statement reflects a business approaching profitability.
Sold half my position at $.0096, but will keep the other half for a higher % return (now standing at 111%).
poorman1
Been watching this for awhile and it had developed a trading range for several days, but on friday it dropped as low as .003 and I almost clicked but decided to wait until this am and see if it went a bit lower...the news trumped my plan. :-[ Would have been better to buy at market this AM....congrats to whoever got in....it just may go up more...sure looked strong today...and has been depressed of late from much higher prices not so long ago. It needed some good news and got it. ;D
I dont know if this is the end of the profit taking, but this one looks promissing. Unless these news are just a fraud, which I dont think so:
- http://biz.yahoo.com/prnews/050919/dam018.html?.v=23
- http://biz.yahoo.com/prnews/050824/daw005.html?.v=22
- http://biz.yahoo.com/prnews/050823/datu012.html?.v=54
The last filling looks good to me, this 0.0087 current price looks very unfair :o
http://sec.gov/Archives/edgar/data/1123195/000114036105006330/doc1.txt
The company looks for real: http://www.marmionair.com/
MMIC is down 39% for the day, I'm buying now with a 33% stop level >:D
My target: $0.0380
I expect some news about the 3rd party certificates, or some new big contract very soon.
Big push at the EOD, may brighten tomorrow's prospects. We have a WILD ONE!
Quote from: poorman1 on September 20, 2005, 03:47:57 PM
We have a WILD ONE!
You can say that again! I was able to cash out while still above .01 before the breakdown occurred. I've been keeping this on my watch list in the event it started to move up again.
With the guys here saying the fundamentals are strong on this company, might need to wait from their next earnings release. Might even be a keeper until it hits the .03, .06, or .13 levels.
Some news this am.
September 29, 2005 - 8:01 AM EDT
Marmion Industries Corp Announces Factoring Contract
HOUSTON, Sept. 29 /PRNewswire-FirstCall/ -- Marmion Industries Corp (OTC Bulletin Board: MMIC) has entered into a factoring agreement with Accounts Receivable Funding Corporation of Corpus Christi, Texas. 'We believe that this agreement will enable us to take on larger projects, improve our liquidity and bring greater value to our shareholders. We would like to let our shareholders know that we have survived Hurricane Rita and are ready to help our neighbors in Texas, Louisiana, Mississippi, and Alabama in their efforts towards reconstruction as they move forward. The process of rebuilding may take many years and we are committed to making our services available across the Gulf Coast,' said W.H. Marmion, President of Marmion Industries Corp.
About Marmion Industries Corp
Marmion Industries Corp (http://www.marmionair.com ) is a specialty company that manufactures and markets explosion-proof air conditioners, refrigeration systems, chemical filtration systems and building pressurizers. The explosion-proof market encompasses industries including oil and gas exploration and production, chemical plants, graineries and fuel storage depots. Additionally there is significant demand for these systems anywhere sensitive computer systems and analyzation equipment is located. Recognized by the Texas Dept. of Licensing and Regulation (TACLA019367C) as a contractor in the field of Heating Ventilation and Air Conditioning, the Company commenced residential and commercial HVAC service operation in Texas in 1998 and has since provided specialty service to Fortune 500 clientele.
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein the statements in this news release are forward- looking statements that involve risks and uncertainties and are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results.
CONTACT: Shareholder Services of Marmion Industries Corp, 1-713-466-6585
Hi !
(//)
Good luck.
Evgeny.
Hi !
(//)
Good luck.
Evgeny.
Hey...News! Could cause a spark today!
2005-10-12 08:01:19
Marmion Industries Corp Announces Gulf Coast Reconstruction
HOUSTON, Oct. 12 /PRNewswire-FirstCall/ -- Marmion Industries Corp
(OTC Bulletin Board: MMIC) announced today that according to the national
news, a large percentage of offshore oil rigs and coastal refineries has
sustained substantial damage from Hurricanes Katrina and Rita. Coupled with
the extensive damage to schools, hospitals and other commercial and retail
property, we expect the rebuild of these facilities to offer an unparalleled
opportunity for growth and expansion for Marmion Industries Corp across the
entire Gulf Coast region that should extend at least five years into the
future.
Marmion has already seen a market increase in requests for proposals from
existing and new customers, indicating the sheer magnitude of the damage that
was sustained along the Gulf Coast region.
"I have spent the past two weeks personally inspecting damage from these
two massive storms. From Mississippi to Port Arthur there is a tremendous
amount of reconstruction that needs to be performed. I am taking the
necessary actions to ramp up in an effort to handle the increase in business"
said W. H. Marmion, President of Marmion Industries Corp.
About Marmion Industries Corp
Marmion Industries Corp (http://www.marmionair.com ) is a specialty
company that manufactures and markets explosion-proof air conditioners,
refrigeration systems, chemical filtration systems and building pressurizers.
The explosion-proof market encompasses industries including oil and gas
exploration and production, chemical plants, graineries and fuel storage
depots. Additionally there is significant demand for these systems anywhere
sensitive computer systems and analyzation equipment is located. Recognized by
the Texas Dept. of Licensing and Regulation (TACLA019367C) as a contractor in
the field of Heating Ventilation and Air Conditioning, the Company commenced
residential and commercial HVAC service operation in Texas in 1998 and has
since provided specialty service to Fortune 500 clientele.
Safe Harbor for Forward-Looking Statements: Except for historical
information contained herein the statements in this news release are
forward- looking statements that involve risks and uncertainties and are made
pursuant to the safe harbor provisions of the Private Securities Reform Act of
1995. Forward-looking statements involve known and unknown risks and
uncertainties, which may cause the Company's actual results in the future
periods to differ materially from forecasted results.
CONTACT: Shareholder Services of Marmion Industries Corp, 1-713-466-6585
SOURCE Marmion Industries Corp
Contact Information:
Shareholder Services of Marmion Industries Corp, +1-713-466-6585
WebSite:
http://www.marmionair.com
So what happened to this? That was good news...why didn't it stick!
On open... I placed my bid..got overlooked, so kept moving it up...kept passing right over me...finally caugth it at the HOD...and then my magic touch came into effect...and it dropped into the abyss of doom >:(...somebody is gonna get it.
I hope that was just a fakeout! :)... i'm not really smiling :o
hope no one else bought at the hod :)
maybe i just have to wait it out
ciao
julia
Hi !
I think that there are no reasons to worry where the action does not break 0.005.
( Has bought a small position )
(//)
Good luck.
Evgeny.
Thanks for your comments evgeny05...i will hold for a bit and see what happens. :D
good luck to you and me! ;D...and all other holders as well, of course!
julia
Hi !
0.005 it is not broken, Full Stoch. Has turned on the north, big volume on thorns and small on falling. I trust in MMIC .
Good luck.
Evgeny.
Hi Evegny05!
I love your enthusiasm ;D
And your charts with your comments are great too!!
Applause on keeping us well updated all the time!!
and, yes im still holding mmic....and i cant wait for it to head north again ;D
thanks very much
juliia
Marmion Industries Corp Announces Gulf Coast Reconstruction
Oct 17, 2005 8:00:00 AM
HOUSTON, Oct. 17 /PRNewswire-FirstCall/ -- Marmion Industries Corp (BULLETIN BOARD: MMIC) announced that according to the national news, approximately 40% percent of offshore oil rigs are irreparable and many coastal refineries have sustained extensive damage from the last two hurricanes to hit the Gulf Coast. Being that MMIC is an industry leader in the southeastern region, we expect an unparalleled opportunity from the private and government sectors going forward.
Marmion is in the process of negotiating some huge overseas opportunities, and is actively in talks with potential independent distributors worldwide. We are currently anticipating a large contract with a company in Kuwait, and should have details finalized shortly.
Hi !
We are currently anticipating a large contract with a company in Kuwait, and should have details finalized shortly. - It is necessary to look what business at them with Kuwait.
volume 47.460.708. >:D
(I do not sell)
Good luck.
Evgeny.
Hi evgeny05!
This is the news this morning that you are quoting from. Well..that was a quick rise and fall this morning...whats up with that!
2005-10-17 08:00:46
Marmion Industries Corp Announces Gulf Coast Reconstruction
--------------------------------------------------------------------------------
HOUSTON, Oct. 17 /PRNewswire-FirstCall/ -- Marmion Industries Corp
(BULLETIN BOARD: MMIC) announced that according to the national news,
approximately 40% percent of offshore oil rigs are irreparable and many
coastal refineries have sustained extensive damage from the last two
hurricanes to hit the Gulf Coast. Being that MMIC is an industry leader in
the southeastern region, we expect an unparalleled opportunity from the
private and government sectors going forward.
Marmion is in the process of negotiating some huge overseas opportunities,
and is actively in talks with potential independent distributors worldwide. We
are currently anticipating a large contract with a company in Kuwait, and
should have details finalized shortly.
About Marmion Industries Corp
Marmion Industries Corp (http://www.marmionair.com ) is a specialty
company that manufactures and markets explosion-proof air conditioners,
refrigeration systems, chemical filtration systems and building pressurizers.
The explosion-proof market encompasses industries including oil and gas
exploration and production, chemical plants, graineries and fuel storage
depots. Additionally there is significant demand for these systems anywhere
sensitive computer systems and analyzation equipment is located. Recognized by
the Texas Dept. of Licensing and Regulation (TACLA019367C) as a contractor in
the field of Heating Ventilation and Air Conditioning, the Company commenced
residential and commercial HVAC service operation in Texas in 1998 and has
since provided specialty service to Fortune 500 clientele.
Safe Harbor for Forward-Looking Statements: Except for historical
information contained herein the statements in this news release are
forward-looking statements that involve risks and uncertainties and are made
pursuant to the safe harbor provisions of the Private Securities Reform Act of
1995. Forward-looking statements involve known and unknown risks and
uncertainties, which may cause the Company's actual results in the future
periods to differ materially from forecasted results.
CONTACT:
Shareholder Services of Marmion Industries Corp
1-713-466-6585
SOURCE Marmion Industries Corp.
Contact Information:
Shareholder Services of Marmion Industries Corp, +1-713-466- 6585
I'm getting the feeling this thing is about to move up, especially if they start firing off PRs that support new financial committments as evgenv05 is reporting about Kuwait.
Once I free up some cash I'll be taking a position below .0055.... I hope before the run. After all those following this tread know how fast this one can move! Pennyland is a cake walk under the right conditions :)
ssubirias3
Market cap 293.48 k as per otcbb.com. Was on my watchlist today. Fell sharply. Glad I didn't pick it up. Needs revenue figures or signed contract information in the PRs. Then watch it fly. I am also waiting for a entry signal.
gnlbigte
Marmion Industries Corp Announces Application for Permits
Oct 18, 2005 8:00:00 AM
HOUSTON, Oct. 18 /PRNewswire-FirstCall/ -- Marmion Industries Corp (OTC Bulletin Board: MMIC) announced that they are making applications for the necessary permits and clearances to be able to market their products throughout the middle eastern countries of Kuwait, Qutar, Bahrain, U.A.E. and Saudi Arabia. "We are aggressively looking for companies to partner with that will enable us to bring our products to the Middle East and other world markets more effectively," said W.H. Marmion, President of Marmion Industries Corp. "By engaging in this process to clear the way for world commerce, we are staying right on track with the implementation of our business plan."
Marmion Industries Corp. is aggressively looking for acquisitions of synergistic companies.
About Marmion Industries Corp
Marmion Industries Corp (http://www.marmionair.com ) is a specialty company that manufactures and markets explosion-proof air conditioners, refrigeration systems, chemical filtration systems and building pressurizers. The explosion-proof market encompasses industries including oil and gas exploration and production, chemical plants, graineries and fuel storage depots. Additionally there is significant demand for these systems anywhere sensitive computer systems and analyzation equipment is located. Recognized by the Texas Dept. of Licensing and Regulation (TACLA019367C) as a contractor in the field of Heating Ventilation and Air Conditioning, the Company commenced residential and commercial HVAC service operation in Texas in 1998 and has since provided specialty service to Fortune 500 clientele.
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein the statements in this news release are forward- looking statements that involve risks and uncertainties and are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results.
CONTACT: Shareholder Services of Marmion Industries Corp, 1-713-466-6585
SOURCE Marmion Industries Corp
Hi !
If it is broken by 0.005 I sell (only my opinion) .
Good luck.
Evgeny.
I think you're right Evgeny. I am hoping that support level will hold.
Marmion Industries Corp Announces Strategic Alliance with QE International, Inc.
Oct 20, 2005 8:00:00 AM
HOUSTON, Oct. 20 /PRNewswire-FirstCall/ -- Marmion Industries Corp (OTC Bulletin Board: MMIC) announced today that they have entered into a strategic alliance with QE International, Inc., a petrol chemical engineering firm headquartered in the Netherlands. QE International Inc.'s clients include Exxon Mobile, BASF, Shell, Dow Chemical, BP and Siemens. This partnership has created a direct sales channel into the international marketplace and has enabled Marmion Industries Corp. to explore and develop its world commerce strategy.
"We are very pleased to have a partner like Marmion Industries," said Albertus Van Leiden, CEO of QE International, Inc. "We are confident that their superior quality products will increase production and aid in improving conditions at each plant."
"An alliance with QE International, Inc. is right on target with our global vision," added W.H. Marmion, President of Marmion Industries Corp. "Marmion Industries is now in a sound position to expand its presence in Europe and the Middle East as well as continue with its aggressive acquisition of additional world markets."
About Marmion Industries Corp
2005-10-25 08:00:37
Marmion Industries Corp Announces State of Louisiana Licensing
HOUSTON, Oct. 25 /PRNewswire-FirstCall/ -- Marmion Industries Corp
(OTC Bulletin Board: MMIC) announced today that in order to fulfill the
increased inquiries we have received for work, we have acquired Mechanical and
Sheet metal Contractor licensing in the State of Louisiana. "We continue to
place ourselves in a position to take advantage of the overwhelming amount of
public and private work needed in the storm ravaged coastal areas and the huge
demand for international work going forward," said W.H. Marmion, president of
Marmion Industries Corp. "We will continue to expand our licensing,
geographical area and products to increase our profit potential. Monthly
production totals have increased substantially to $193,900.00, up $10,000.00
over last month. Open sales orders to be delivered by years end are currently
in excess of $500,000.00, I am delighted at the consistent increase in orders
due to the implementation of our business plan."
About Marmion Industries Corp
Marmion Industries Corp (http://www.marmionair.com ) is a specialty
company that manufactures and markets explosion-proof air conditioners,
refrigeration systems, chemical filtration systems and building pressurizers.
The explosion-proof market encompasses industries including oil and gas
exploration and production, chemical plants, graineries and fuel storage
depots. Additionally there is significant demand for these systems anywhere
sensitive computer systems and analyzation equipment is located. Recognized by
the Texas Dept. of Licensing and Regulation (TACLA019367C) as a contractor in
the field of Heating Ventilation and Air Conditioning, the Company commenced
residential and commercial HVAC service operation in Texas in 1998 and has
since provided specialty service to Fortune 500 clientele.
Safe Harbor for Forward-Looking Statements: Except for historical
information contained herein the statements in this news release are forward-
looking statements that involve risks and uncertainties and are made pursuant
to the safe harbor provisions of the Private Securities Reform Act of 1995.
Forward-looking statements involve known and unknown risks and uncertainties,
which may cause the Company's actual results in the future periods to differ
materially from forecasted results.
CONTACT: Shareholder Services of Marmion Industries Corp, 1-713-466-6585
SOURCE Marmion Industries Corp
Contact Information:
Shareholder Services of Marmion Industries Corp, +1-713-466-6585
WebSite:
http://www.marmionair.com/
A.m news:
2005-11-28 07:00:11
Marmion Industries Corp Announces Three Million Dollar Letter of Intent with Kuwaiti Company
HOUSTON, Nov. 28 /PRNewswire-FirstCall/ -- Marmion Industries Corp (OTC
Bulletin Board: MMIC) announced today that it has entered into a Letter of
Intent with Al Dunia International, a Kuwaiti company, for exclusive
representation in the Middle East. This LOI is valued at three million minimum
and as much as five million over the course of the definitive agreement. "This
agreement will give Al Dunia the exclusive marketing rights in Kuwait,
Bahrain, United Arab Emirates, Saudi Arabia and Qatar for five years. The
first project is estimated at over $600,000.00 and is scheduled to begin in
early 2006," said W.H. Marmion, president of Marmion Industries Corp. "I am
excited at our progress in following through on our business plan and our
ability to continue to expand our customer base."
About Marmion Industries Corp
Marmion Industries Corp (http://www.marmionair.com ) is a specialty
company that manufactures and markets explosion-proof air conditioners,
refrigeration systems, chemical filtration systems and building pressurizers.
The explosion-proof market encompasses industries including oil and gas
exploration and production, chemical plants, graineries and fuel storage
depots. Additionally there is significant demand for these systems anywhere
sensitive computer systems and analyzation equipment is located. Recognized by
the Texas Dept. of Licensing and Regulation (TACLA019367C) as a contractor in
the field of Heating Ventilation and Air Conditioning, the Company commenced
residential and commercial HVAC service operation in Texas in 1998 and has
since provided specialty service to Fortune 500 clientele.
2005-11-29 07:00:36
Marmion Industries Corp Announces 100 percent Growth Rate
HOUSTON, Nov. 29 /PRNewswire-FirstCall/ -- Marmion Industries Corp
(OTC Bulletin Board: MMIC) announced today that it has surpassed last years
revenues by over one hundred percent. "Our growth rate due to new contracts we
have entered into abroad, nine million with a Mexico company and three million
with Al Dunia in Kuwait and government contracts expected here at home already
exceed 11 million going out five years," said W.H. Marmion, president of
Marmion Industries Corp., "I am excited at our progress and expect our growth
rate to exceed one hundred percent exponentially for the next two years
minimum as we continue to engage in new contractual agreements such as with QE
International that will assist in bringing our products to the world market"
About Marmion Industries Corp
Marmion Industries Corp (http://www.marmionair.com) is a specialty company
that manufactures and markets explosion-proof air conditioners, refrigeration
systems, chemical filtration systems and building pressurizers. The
explosion-proof market encompasses industries including oil and gas
exploration and production, chemical plants, graineries and fuel storage
depots. Additionally there is significant demand for these systems anywhere
sensitive computer systems and analyzation equipment is located. Recognized by
the Texas Dept. of Licensing and Regulation (TACLA019367C) as a contractor in
the field of Heating Ventilation and Air Conditioning, the Company commenced
residential and commercial HVAC service operation in Texas in 1998 and has
since provided specialty service to Fortune 500 clientele.
Safe Harbor for Forward-Looking Statements: Except for historical
information contained herein the statements in this news release are
forward- looking statements that involve risks and uncertainties and are made
pursuant to the safe harbor provisions of the Private Securities Reform Act of
1995. Forward-looking statements involve known and unknown risks and
uncertainties, which may cause the Company's actual results in the future
periods to differ materially from forecasted results.
CONTACT: Shareholder Services of Marmion Industries Corp, 1-713-466-6585
SOURCE Marmion Industries Corp
Contact Information:
Shareholder Services of Marmion Industries Corp, +1-713-466-6585
WebSite:
http://www.marmionair.com
So yesterdays news caused MMIC to hold a good portion of its gains :D...Could we finally be unptrending now? A little white candlestick..hopefully there will be more.
good luck to anyone holding or thinking of getting in ;D
julia
news :
Marmion Industries Corp Announces Definitive Agreement Finalized for Three Million Dollars
12/3/05
HOUSTON, Dec 03, 2005 /PRNewswire-FirstCall via COMTEX/ --
Marmion Industries Corp (OTC Bulletin Board: MMIC) announced today that it has finalized the definitive agreement worth three million dollars over the next five years with Al Dunia in Kuwait effective Jan. 1, 2006. "We are looking forward to working with Al Dunia on the coming projects and I am very pleased with our alliance," said W.H. Marmion President of Marmion Industries Corp. "We expect to start shipping product into the Middle East as early as the first quarter of the new year."
"We are excited to be working with Marmion Industries Corp.," said Mahim Lal, C.E.O. of Al Dunia.
Technicals :
Good volume in the past week...
Candelstick : a doji is formed...end of downtrend ?
Chart looks ready to pop like old times. This was listed on buyins on Dec 23. I am wondering if naked shorts/shorts are starting to cover. I will be doing my part at open to get one of those white candles of past pumping. Squeeze them out and let them feel some pain for once! Feel free to join in ;)