MMIO Reboundchance 100% kurzfristig
und als zweites NITE zu 0,011$ im BID und auch als zweites im ASK mit 0,015$
Wednesday, April 30, 2008
Powell Industires and Marmion Industries: A Match Made In Heaven?
Powell Industries (NasdaqGS: POWL) brought about $2.5M worth of sales through Marmion’s doors in 2007 and holds the potential to make that seem like a drop in the bucket in years to come.
If Marmion can continue to diversify its product offering and increase manufacturing capacity, the emerging HVAC provider should be able to grow right along with its biggest customer for the foreseeable future.
MMO: Plenty of Room To Grow with Top Customer
POWL has nearly doubled their annual revenue since 2005, reaching $564M in 2007.
The company is currently segmented into two groups: Electrical Power Products and Process Control Systems. The former, which according to the company's annual report logged $546.1M in 2007, the lion's share of corporate revenues, serves a deep base of customers in Marmion's core target market making the two entities a perfect match.
"operators of oil and gas pipelines, refineries, petrochemical plants, and electrical power generators; public and private utilities; operators of co-generation facilities; mining/metals companies, pulp and paper plants operators, transportation systems operators, and governmental agencies and other industrial customers" Yahoo Finance, Business Summary
Although expanding and diversifying the customer base is a key strategic goal of the company, since Powell does bring in more than $500M a year in sales, MMIO can clearly benefit from a deeper relationship with its top customer going forward.
Volume Trending Up on Light News.
In regards to the stock (3 month chart above and to the right), volume has been trending upwards in recent weeks, as well as the average closing price. With Q1 financial reports due out just around the corner and a new facility being built, the market finally appears to be growing increasingly aware of and receptive to the company.
With record revenues exceeding $6M for 2007, MMIO appears to have broken a number of critical barriers to success for many HVAC industry hopefuls. A few of the key barriers that I have come across in my journeys include:
Time in the industry: Management contends and a number of sources confirm to some extent that many HVAC contractors fail within the first 3 years of operations. Stats that I’ve come across note that 17% of SIC 1711 companies fail within 1 year. By that benchmark, the company has progressed to a critical point.
Here is an interesting, yet not the best cited, article on HVAC industry failure rates:
Experience: According Frost and Sullivan “utilities, refineries, and industrial end users continue to prefer companies, which have had substantial experience in the NOx control equipment markets”. With proven capabilities in this regard, MMIO benefits greatly from its position as an experienced provider.
Sheer Size: According to the article above: Economic Census data reveals that in 2001, the overall industry closure rate among payroll contractors was 10%. However, contractors with one to four employees experienced a closure rate of 14% and half of payroll employers had one to four employees. Just over 25% of all payroll employers had more than 10 employees, putting MMIO in the same class of the Powell’s of the world.
A growing customer base that includes a number of Fortune 500 companies and big names such as ConocoPhillips and Lucite. If the company's products are good enough for this echelon of clientele, they should be good enough for any petrochemical company worldwide.
Flexibility and ability to quickly respond to market demand with new and innovative products: The Company’s new Stallion product line was developed for instances in which industrial real estate is limited. In addition, the company's custom fabrication capabilities allow it to execute product runs of all sizes. Many of their bigger competitors set minimum limits on custom jobs, which to my knowledge bring in a higher profit margin for MMIO in comparison to many other offerings.
Improved operating efficiencies: The new facility being built now is expected to help cut costs on some offerings by as much as 20-30% from what I’ve heard. The recent 10K reveals that Net loss for the 2007 fiscal year was ($3,174,967) for an improvement of 54.4% or $3,780,398 from ($6,955,365) in 2006. So, clearly, the company is becoming much more efficient.
Labels: Marmion Industries, Marmion Industries Corp., MMIO, MMIO and HVAC
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 23, 2008
MARMION INDUSTRIES CORP.
(Exact name of registrant as specified in its charter)
Nevada
000-31507§
06-1588136
§
(State or Other Jurisdiction
(Commission§
§
(I.R.S. Employer
of Incorporation)
§
File Number)
§
Identification No.)
9103 Emmott Road, Building 6, Suite A, Houston, Texas 77040
(Address of Principal Executive Office) (Zip Code)
(713) 466-3585
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01
§
Other Events.
Marmion Industries Corp.(the “Company”) has entered into an agreement for financial sourcing and related consulting services with a registered FINRA broker-dealer. No specific financing has been identified at this time. The Company has agreed to pay the broker-dealer a retainer in the amount of $50,000, of which $25,000 has been paid with the balance due on or before May 21, 2008. Additional compensation will be due to the broker-dealer upon successful completion of any financing.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
§
MARMION INDUSTRIES CORP.
§
§
§
§
§
§
By:§
§
/s/ Wilbert H. Marmion
§
§
Wilbert H. Marmion, President
Date: May 6, 2008
2
THURSDAY , MAY 08, 2008 05:59 AM
HOUSTON, May 8 /PRNewswire-FirstCall/ -- Marmion Industries Corp (OTC Bulletin Board: MMIO), (the "Company") -- an emerging manufacturer and modifier of heating, ventilation, and air conditioning (HVAC) equipment -- today announced its attendance at The 2008 Offshore Technology Conference at the Reliant Center in Houston, Texas, May 5th to the 8th.
Key executives plan to schedule and conduct meetings with representatives from a number of interested firms in effort to stimulate future sales opportunities and improve brand recognition within the offshore industry.
The company also plans to network with event attendees in support of its first ever major advertising campaign running in conjunction with the conference. As announced previously by the company, the April and May editions of Offshore Magazine -- which will be distributed, free of charge, at OTC 08 -- contain a feature advertisement for Marmion's new STALLION air conditioner line.
The event is the world's premier offshore industry conference and perceived by management as an ideal networking platform for the company as it explores new opportunities for future growth. Event coordinators expect attendance to exceed 70,000 offshore professionals. More than 67,000 people visited OTC .07 -- a 25-year high, an increase of 13% over 2006. In addition, nearly 2,400 companies from more than 30 countries participated in the show. Total exhibit space was nearly 530,000 square feet, about the size of 13 football fields.
About OTC
Founded in 1969, the Offshore Technology Conference is the world's foremost event for the development of offshore resources in the fields of drilling, exploration, production, and environmental protection. OTC is held annually at Reliant Center in Houston.
OTC ranks among the largest 200 trade shows held annually in the United States and is among the 10 largest meetings in terms of attendance.. Attendance consistently exceeds 50,000, and more than 2,000 companies participate in the exhibition. OTC includes attendees from around the globe, with more than 110 countries represented at recent conferences.
OTC is sponsored by 12 industry organizations and societies, who work cooperatively to develop the technical program each year. OTC also has two endorsing organizations and six supporting organizations. OTC is governed by a Board of Directors made up of 13 representatives, 11 from OTC's sponsoring organizations and two from OTC's endorsing organizations.
Further information is available at: http://www.otcnet.org/index.html
About Offshore magazine
Offshore magazine, first published in 1954, is a monthly publication recognized as the worldwide leader for covering the key issues and trends relative to offshore technology, oil and gas E&P operations. It is the world's most highly respected magazine dedicated entirely to the offshore industry, and enjoys the highest and most widely read circulation in its class. Since 1910, The PennWell Petroleum Group has been the industry leader for coverage of and service to the worldwide petroleum industry. Its foundation magazines are Oil & Gas Journal, Offshore, Oil, Gas & Petrochem Equipment, Oil & Gas Financial Journal, LNG Observer and The Petroleum Buyers Guide. The group also produces targeted e-Newsletters, hosts global conferences and exhibitions, seminars and forums, directories and technical books, print and electronic databases, surveys and maps.
About Marmion Industries Corp
Marmion Industries Corp. specializes in Explosion-Proof Heating, Ventilation, Cooling Pressurization and chemical filtration solutions for mission-critical applications. Our reputation is based on superior equipment and service, from south Texas and Louisiana refineries to drilling rigs and chemical plants in Saudi Arabia and South America. Our products are designed for application in Petro-Chemical, Industrial, Agricultural, wastewater, pulp and paper, elect., medicine, and Aerospace. Marmion Industries Corp. commenced operation in Texas in 1998 in residential and commercial HVAC service. The Texas Department of Licensing and Regulation -- TACLA019367C -- recognizes the company as a contractor in the field of Heat Ventilation and Air Conditioning. The company is in the process of working towards third party certifications on selected manufactured equipment.
Further information on Marmion Industries is available at: http://www.marmionind.com and http://www.microstockprofit.com
Forward Looking Statements
The information in this news release includes certain forward-looking statements that are based upon management's expectations and assumptions about certain risks and uncertainties that can affect future events. Although management believes these assumptions and expectations to be reasonable on the date of this news release, these risks and uncertainties may cause actual events to differ material from managements those contained in this news release. The risks and uncertainties include, but are not limited to, continuing as a going concern, availability and cost of our present vendors and suppliers, and absence of any change in government regulations or other costs associated with data transmission over the Internet or termination of transmissions in foreign countries.
Investor Relations Contact:
Seacoast Advisors
Keith Reinhardt
IR@seacoastadvisors.com
858-205-5798
SOURCE Marmion Industries Corp
Big Week For Marmion
This week could prove to be a pivotal one for the folks at Marmion Industries Corporation (OTCBB: MMIO).
Corporate executives are reportedly attending world's largest offshore oil technology conference in conjunction with their first ever major advertising campaign. Marmion is currently running an ad for its new Stallion product line in Offshore Magazine, which is being given away to each of the estimated +70,000 attendees.The gathering should present an ideal networking opportunity for the company and a chance to garner increased brand recognition in the petrochemical industry. With a new, larger manufacturing facility being built, MMIO appears eager to pursue new business and prepare to take advantage of its expanded capabilities.
Shares are up 12.5% to $.0135 as of 11:49 EST today on volume of 1.4M.It will be very interesting to see if we test $.015 in the coming hours. Another surge of high volume like we saw earlier this morning could push the stock higher, but trading in the stock has slowed a bit.
Interest in MMIO is surely growing throughout the micro-cap market as positive news continues to flow.
Given the current activity of the stock, those still potentially holding shares from March's 52-week lows will be closely evaluating their investments in the very near future, if they have not already, and deciding what to do with their positions.
Will they take a healthy profit in the sub .015 range, or hang on for a push higher? I'll be watching closely over the next few hours.
Labels: Houston and Marmion, Marmion and HVAC, Marmion Industries, MMIO
Proton Labs: Eliminating Staph With H2O
Sunday, May 11, 2008
OTC 08 Attracts 75,092. MMIO Launches Ad Campaign
According to Offshore Magazine: "The 2008 Offshore Technology Conference attendance was 75,092, report organizers. This tally is up 11% from last year".
In my opinion this is promising for Marmion Industries Corp. (OTCBB: MMIO). The company recently initiated its first ever concerted sales & marketing program and recognized the event as a unique opportunity to introduce a new line of industrial climate control products.
They then purchased ad space in Offshore Magazine, which was reportedly distributed, free-of-charge, to all interested attendees. As I mentioned previously, MMIO reps were also in attendance at the show to follow up with any potential inquiries as well as network with interested parties.
For a company that has relied on word of mouth thus far to drive growth, the conference is a major step in the right direction. The implications for Marmion are huge here if just one long-standing relationship is forged. Particularly since MMIO did rely on only 3 customers to generate 64% of revenues in fiscal '07, with Powell Industries accounting for a lofty 28%.
Labels: Marmion and HVAC, Marmion Industries, Marmion Industries Corp., Offshore Magazine, Offshore Technology Conference, OTC 08
Wednesday, May 14, 2008
Your Office May be Killing You and Marmion Industries Can Help
According to this article: "SICK BUILDING SYNDROME has been recognised by the World Health Organisation and symptoms include eye, nose and throat irritation, headaches and dizziness.The Health And Safety Executive say causes probably include poor ventilation, high temperatures and poor lighting".
Now gaining increased traction within the commercial sector of the HVAC industry, Marmion Industries Corp. (OTCBB: MMIO) could benefit greatly from exploring opportunities related to replacing the thousand of outdated systems plaguing office buildings throughout the country. I've read that an outdated HVAC system can waste as much as 40% of the energy it generates, so MMIO has a great deal to gain if they can leverage their recent success in educational facilities into the establishment of contracts in a wider variety of installation environments including office buildings, retail, etc.
Labels: Marmion Industries, Marmion Industries Corp., MMIO, MMIO and HVAC, OTCBB:MMIO
Marmion Industries Expands Into Louisiana
According to their recent 2007 annual filing, Marmion Industries Corp. (OTCBB: MMIO), has recently expanded into the Louisiana petrochemical marketplace. Already benefiting greatly from a thriving niche position in Houston, the "energy capital of the world", MMIO has grown annual revenues steadily since 2002 while significantly improving its bottom line.
With a new facility now being built that will simply let the company build more product than ever before, Marmion should be able to meet new demand for its offering brought on by the company taking on another major sales territory.
From the filing:“Our long-term plans for growth include continued expansion of our industrial base into Louisiana. We have obtained the necessary licenses in Louisiana and during the first quarter of 2008 we received our first orders from customers in Louisiana.”
Marmion Enters Another MAJOR market:
Including offshore production, Louisiana is the number one producer of crude oil and the number two producer of natural gas among the 50 states. The oil & gas industry is a giant economic engine for Louisiana's economy, supporting $70.2 billion in sales for Louisiana firms (Louisiana Mid-Continent Study, 2007).
- Louisiana has the second largest refining capacity among the states (16.7% of the total U.S. capacity)
- 88% of U.S. offshore rigs are located in Louisiana's Outer Continental Shelf (LDNR, 2007)
- Louisiana has 19 operating crude oil refineries
- Louisiana's 41,320 miles of distribution pipelines move natural gas, crude oil and refined products both in and out of state
- More than 5,700 oil and gas platforms in the Gulf of Mexico - 2,300 are active (Minerals Management Service, 2006)
Labels: Houston and Marmion, Marmion and HVAC, Marmion Industries, Marmion Industries Corp., MMIO, OTCBB:MMIO