Business
Minaean Announces Profit for Six Month Period
Minaean Announces Profit for Six Month Period
About this update from Global Power Solutions Corp
[{"type":"text","content":"Minaean Announces Profit for Six Month Period\n\n\n\nMinaean Announces Profit for Six Month Period\n\nVancouver, British Columbia CANADA, October 29, 2008 /FSC/ - Minaean International Corp. (MIB - TSX Venture, NJA - FWB, NJA - BSE), (\"Minaean\" or the \"Company\") is pleased to announce its financial results for the six months ended September 30, 2008.\n\nHighlights for six month period ended September 30, 2008\n\n* Record revenues for the six months ended September 30, 2008 of $2,950,390 as compared to $2,569,953 for the six months ended September 30, 2007, representing a 15% increase.\n* Net earnings of $19,637 for the six months ended September 30, 2008 as compared to net earnings of $69,733 for the same period in 2007.\n* Completed private placement financing of 3,568,545 units at a price of $0.275 per unit for gross proceeds of $981,350.\n* Expanded its \"Modular Buildings\" division to meet the needs of \"OOH\" Media groups to fabricate and install Bus Queue Shelters all over India. \n* Named the 21st fastest growing company in British Columbia by the Business in Vancouver (BIV) publication, BIV Top 100 List: Fastest Growing Companies, dated September 2-8, 2008.\n\nOperations in India:\n\nRetail Outlets:\n\n* Contracted by Bharat Petroleum Corporation Limited to construct 452 sq ft retail outlet building for its existing gas stations in Bangalore which is undergoing remodeling and refurbishing. \n\nBus Queue Shelters:\n\n* Awarded a contract for the fabrication and installation of 200 units of its ultra modern steel Bus Queue Shelters in Mumbai, India, by two well-known advertising and media companies for the Mumbai Transit Authority.\n* Awarded a contract for the supply of 100 Bus Queue Shelters in Bangalore, India by the Bangalore Public Transport Authorities\n\nOperations in North America:\n\n* Received a purchase order from Kerosiotis Developments for the supply and installation of \"Artisan Quik-Build\" structural wall panels and flooring system for its condominium project in Vancouver, British Columbia, Canada. The project, located on the crossroads of Waterloo Street and West Broadway in Vancouver, has been designed as a 4 storey residential and commercial development consisting of two 2,750 sq. ft. commercial units and 16 residential units ranging from approximately 620 sq. ft. to...