Marmion Inds
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Eröffnet am: | 15.02.06 15:09 | von: Skydust | Anzahl Beiträge: | 15 |
Neuester Beitrag: | 22.08.06 20:23 | von: MöchtegernB. | Leser gesamt: | 3.073 |
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Tuesday February 21, 11:16 am ET
HOUSTON, Feb. 21 /PRNewswire-FirstCall/ -- Marmion Industries Corp. (OTC Bulletin Board: MMIO - News) announced today that they have received approval for third party certification through Intertek Testing Services on the company's hazardous location wall mounted air conditioners. "This approval will allow the Company to bring our products directly into the refineries and various plants throughout the industrial market," said Marmion Industries Corp.'s President, W. H. Marmion, III.
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During the last ten months, Marmion Industries Corp. has been working diligently towards achieving this certification and are in the process of submitting additional information to Intertek Testing Services in the effort to certify the Company's packaged air conditioning units, pressurizers as well as filtration systems.
"Our marketing strategy is to continue to aggressively enter the international marketplace with our products, providing new technology to our current customers in addition to newly acquired customers," Mr. Marmion said.
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, as well as the Louisiana State Licensing Board of Contractors (Lic. No. 44001) as a contractor in the field of Commercial Heating Ventilation and Air Conditioning and Sheetmetal. 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.
Marmion Industries Corp., +1-713-466-6585
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Source: Marmion Industries Corp.
Oder noch Status LOI?
hier wird geschriben das in den nächsten 2 Wochen der final contract unterschrieben
wird. Zwei Wochen sind rum aber nix ist passiert oder?
Marmion Industries Corp. Announces Receipt of Letter of Intent of Contract in Excess of $400,000
HOUSTON, Feb. 6 /PRNewswire-FirstCall/ -- Marmion Industries Corp. (OTC Bulletin Board: MMIO) announced today the receipt of a Letter of Intent from DT Construction of Humble, Texas to perform the HVAC renovations for the Pasadena Independent School District. Marmion provided a quote which would generate approximately $350,000-$400,000, if ultimately accepted by DT Construction. While Marmion has received oral assurances regarding acceptance of their quote, a final contract has not yet been delivered and all terms will be disclosed once a final contact has been signed. A final contract is expected to be signed in the next two weeks. However, there are no assurances that Marmion will be awarded the contract. The project which was part of a public solicitation process involves four schools in the district and is due to commence in Mid March 2006. 'We are pleased with the news of this Letter of Intent which could ultimately result in revenues to Marmion in excess of $400,000.00. We are very excited to see the development and growth of our business as we are now actively working to expand into the commercial market, thanks to the support and investment of our shareholders,' says W. H. Marmion, III, President, Marmion Industries Corp.
Marmion Industries Corp. Announces Contract for $37,980.00 With U.S. Builders, L.P.
Tuesday February 28, 10:05 am ET
HOUSTON, Feb. 28 /PRNewswire-FirstCall/ -- Marmion Industries Corp. (OTC Bulletin Board: MMIO - News) a leading provider of industrial and commercial HVAC equipment and services announced today the receipt of a subcontract with U.S. Builders, L.P. in the amount of $37,980.00. U.S. Builders and SF/Voss, Ltd of Houston, TX have entered into a contract for the construction of Shoppes at San Felipe in Houston, Texas. U.S. Builders, L.P. has subcontracted all of the HVAC work to be performed in the Shoppes at San Felipe project to Marmion Industries Corp.
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U.S. Builders has been planning and managing projects specifically for the retail sector since 1983. Headquartered in Houston, Texas, they are extensively experienced in ground - up construction, tenant finish out, and remodels. Licensed in 48 states, U.S. Builders has completed projects in 36 states in the past few years.
"We are truly excited to join U.S. Builder on this new project in Houston, TX," said W. H. Marmion, President. "We also look forward to performing additional projects with U.S. Builders because the national recognition they have achieved is invaluable," says Mr. Marmion.
"This contract represents a continuation of our expansion into the commercial sector and we believe this demonstrates the confidence that this market has in our company. We will continue to quote various commercial and institutional projects and expect to receive very positive feedback from the contractors we are working with. We have received, and continue to receive, numerous invitations for projects of all sizes and types since I joined the Commercial Division of the Company last fall." says John M. Daniels, Vice President, Commercial Division, 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, as well as the Louisiana State Licensing Board of Contractors (Lic. No. 44001) as a contractor in the field of Commercial Heating Ventilation and Air Conditioning and Sheetmetal. 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.
Marmion Industries Corp., +1-713-466-6585
--------------------------------------------------
Source: Marmion Industries Corp.
das die Einahmen kleiner sind als der Wahreneinsatz?
Nicht schlecht... ca. 9000 Miese
Ohne die ständigen Aktienausgaben wäre der Laden schon längst dicht.
Nun gut vielleicht schaffen sie ja doch den Turnaround. Die letzten Meldungen
sind ja posetiv. Und scheinbar wurden auch ein paar Leute eingestellt.
Die Löhne sind ja hochgeschossen im Vergleich zum Vorquartal.
Mich würde jetzt mal interessieren wieviel Cash momentan noch da ist und wann die
nächsten Aktien auf dem Markt kommen.
Current Assets
Cash $ 2,376
Accounts receivable, net of allowance for doubtful accounts of $19,273 268,463
Prepaid Insurance 4,119
Inventory 166,843
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Total Current Assets 441,801
Property and equipment, net of $112,444 accumulated depreciation 92,630
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TOTAL ASSETS $ 534,431
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LIABILITIES AND STOCKHOLDER'S DEFICIT
Current Liabilities
Accounts Payable $ 260,453
Accrued Expenses 89,847
Accrued Salaries - officers 344,592
Advances - stockholders 270,629
Notes Payable - related party 218,000
Current Portion of Long term debt 14,667
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Total current liabilities 1,198,188
Notes Payable, net of current maturities 36,991
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TOTAL LIABILITIES 1,235,179
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Commitments
STOCKHOLDER'S DEFICIT
Series A preferred stock, $.001 par value, 500,000,000 shares authorized
9,750,000 shares issued and outstanding 9,750
Series B preferred stock, $.001 par value, 30,000,000 shares authorized
30,000,000 shares issued and outstanding 30,000
Common stock, $.001 par value, 3,000,000,000 shares authorized,
214,013,599 shares issued and outstanding 214,014
Additional paid in capital 4,998,266
Retained Earnings (5,952,778)
-----------
Total Stockholder's deficit (700,748)
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TOTAL LIABILITIES AND STOCKHOLDER'S DEFICIT $ 534,431
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MARMION INDUSTRIES CORP.
STATEMENTS OF OPERATIONS
Three Months and Nine Months Ending September 30, 2005, and 2004
(Unaudited)
· Enlarge/Download Table
Three Months Ended Nine Months Ended
September 30, September 30,
2005 2004 2005 2004
------------ --------- ------------ -----------
Revenues $ 505,908 $ 349,079 $ 1,955,853 $ 742,738
Cost of sales 514,943 241,152 1,614,183 550,333
------------ --------- ------------ -----------
Gross profit (9,035) 107,927 341,670 192,405
------------ --------- ------------ -----------
Cost and expenses
Salaries and employee benefits 883,125 164,824 1,086,059 431,185
General and administrative 868,298 627,462 1,373,422 1,032,331
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Total costs and expenses 1,751,423 792,286 2,459,481 1,463,516
------------ --------- ------------ -----------
Other Income:
Gain/(loss) on sale of assets 1,814 1,814 --
------------ --------- ------------ -----------
Net loss $ (1,758,644) $(684,359) $ (2,115,997) $(1,271,111)
============ ========= ============ ===========
Net loss per shares $ (0.03) $(3,055.17) $ (0.08) $(13,968.25)
============ ========= ============ ===========
Weighted average shares outstanding:
Basic and diluted 65,459,072 224 24,923,265 91
============ ========= ============ ===========
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MARMION INDUSTRIES CORP.
STATEMENTS OF CASH FLOWS
Nine Months Ended September 30, 2005 and 2004
(UNAUDITED)
· Download Table
2005 2004
----------- -----------
CASH FLOWS FROM OPERATING ACTIVITES
Net Loss $(2,115,997) $(1,271,111)
Adjustments to reconcile net loss to cash used in
operating activities:
Gain on sale of fixed assets (1,814) --
Depreciation and amortization 23,646 23,679
Common stock issued for services 1,064,710 438,200
Preferred stock issued for services 6,000 --
Stock Options 85,356
Changes in assets and liabilities
Accounts Receivable (128,287) 32,306
Prepaid expenses and other assets (4,119) --
Inventory (44,932) --
Accounts Payable (87,791) 89,830
Accrued Expenses 44,609 15,971
Accrued Salaries - officers -- --
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CASH FLOWS USED IN OPERATING ACTIVITIES (1,243,975) (585,769)
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CASH FLOWS FROM INVESTING ACTIVITIES
Net cash received in recapitalization -- 4,477
Proceeds from sale of property and equipment 18,500 --
Capital expenditures (37,762) (3,466)
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CASH FLOWS FROM INVESTING ACTIVITIES (19,262) 1,011
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CASH FLOWS USED IN FINANCING ACTIVITIES
Proceeds of exercise of common stock options 1,278,053 549,286
Advances - stockholder, net 13,000 (60,125)
Proceeds from notes payable - related party -- 255,000
Repayment from notes payable - related party (57,000) (200,000)
Proceeds from notes payable 22,292 --
Repayment of notes payable (16,324) (11,908)
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CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 1,240,021 532,253
NET INCREASE(DECREASE) IN CASH (23,216) (52,505)
Cash, beginning of period 25,592 78,862
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Cash, end of period $ 2,376 $ 26,357
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SUPPLEMENTAL DISCLOSURES
Interest paid $ 10,153 $ 2,119
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Income taxes $ -- $ --
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. MARMION INDUSTRIES, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)
NOTE 1 - BASIS OF PRESENTATION
The accompanying unaudited financial statements of Marmion Industries Corp.,
(the "Company") have been prepared in accordance with generally accepted
accounting principles for interim financial information and with the
instructions to Form 10-QSB and Regulation S-B. Accordingly, they do not include
all of the information and footnotes required by generally accepted accounting
principles for complete financial statements. In the opinion of management, all
adjustments considered necessary for a fair presentation (consisting of normal
recurring accruals) have been included. The preparation of financial statements
in conformity with generally accepted accounting principles requires management
to make estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements and the reported amounts of revenues and expenses
during the reporting period. Actual results could differ from those estimates.
Operating results expected for the nine months ended September 30, 2005 are not
necessarily indicative of the results that may be expected for the year ending
December 31, 2005. For further information, refer to the financial statements
and footnotes thereto included in the Company's Annual Report on Form 10-KSB for
the year ended December 31, 2004.
The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern. The Company has suffered from
recurring losses from operations, and has a negative working capital and
shareholder deficiency as of September 30, 2005. These factors raise substantial
doubt as to the Company's ability to continue as a going concern. Management
expects to incur additional losses in the foreseeable future and recognizes the
need to raise capital to achieve their business plans. The financial statements
do not include any adjustments that might be necessary should the Company be
unable to continue as a going concern.
NOTE 2 - STOCK BASED COMPENSATION
The Company accounts for its employee stock-based compensation plans under
Accounting Principles Board ("APB") Opinion No. 25, Accounting for Stock Issued
to Employees. Marmion Air granted 118,596,843 options to purchase common stock
to employees in the nine months ending September 30, 2005. All options vest
immediately, have an exercise price of 85 percent of market value on the date of
grant and expire 10 years from the date of grant. Marmion Air recorded
compensation expense of $849,162 under the intrinsic value method during the
nine months ended September 30, 2005
The following table illustrates the effect on net loss and net loss per share if
Marmion Air had applied the fair value provisions of FASB Statement No. 123,
Accounting for Stock-Based Compensation, to stock-based employee compensation.
Nine Months Ended
September 30,
2005 2004
----------- -----------
Net income (loss) available to
common stockholders, as reported $(2,115,997) $(1,271,111)
Add: stock based compensation
determined under intrinsic value
based method 849,162 85,356
Less:stock based compensation
determined under fair value
based method (849,162) (403,863)
----------- -----------
Pro forma net loss $(2,115,997) $(1,589,618)
=========== ===========
Basic and diluted net income
(loss) per share:
As reported $ (0.03) $(13.968.25)
=========== ===========
Pro forma $ (0.03) $(17,468.33)
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