Business
Minaean Announces Record Revenues for Third Quarter
Minaean Announces Record Revenues for Third Quarter
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[{"type":"text","content":"Minaean Announces Record Revenues for Third Quarter\n\n\n\nMinaean Announces Record Revenues for Third Quarter\n\nVancouver, British Columbia CANADA, January 26, 2009 /FSC/ - Minaean International Corp. (MIB - TSX Venture, NJA - FWB, NJA - BSE), is pleased to announce its financial results for the nine months ended December 31, 2008.\n\nHighlights for nine month period ended December 31, 2008\n\n* Record revenues for the nine months ended December 31, 2008 of $5,578,876 as compared to $3,374,055 for the nine months ended December 31, 2007, representing a 65% increase.\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* Expanded its operations in the city of Mumbai with the lease of a second manufacturing facility and a move to larger office premises.\n\nOperations in India:\nRetail Outlets:\n* Contracted by Bharat Petroleum Corporation Limited to construct a 452 sq. ft. retail outlet building for its existing gas station in Bangalore which is undergoing remodeling and refurbishing. \n\nBus Queue Shelters:\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 ultra modern steel Bus Queue Shelters in Bangalore, India by the Bangalore Public Transport Authorities.\n* Awarded a contract to fabricate and install 100 ultra modern steel Bus Queue Shelters in the state of Punjab, India, for a leading Mumbai based outdoor advertising agency. \n\nATMs:\n* Received a purchase order for the supply and installation of 12 new ATM kiosks across India. The clients comprise some of the largest banking firms in the Indian market.\n\nOperations in North America:\n* Received a purchase order from Kerosiotis Developments for the supply and installation of \"Artisan Quik-Build\" structural wall...