Oct. 15, 2009 (Filing Services Canada) -- Minaean International Corp. (MIB - TSX Venture, NJA - FWB, NJA - BSE), is pleased to announce that it has engaged Consulting For Strategic Growth 1 Ltd. (CFSG1), a New York based company, to provide strategic counsel on investor and public relations in the United States.
The agreement is for a period of three months commencing from October 15th, 2009 and shall be extended further upon satisfactory performance. Minaean will grant 150,000 stock options to CFSG1 exercisable at $0.10 per share, which will vest over 12 months subject to approval of the TSX Venture Exchange. CSFG1 will perform US public relations services and assist Minaean in fostering productive and continuing dialogues with private investors, analysts, brokers and other financial professionals.
Minaean specializes in light-gauge steel and modular quick-build construction systems and operates two wholly-owned subsidiaries: "Minaean Power Structures Inc.", a Delaware registered entity operating in the State of Oregon, USA, and Minaean Habitat (India) Pvt Ltd. (MHI), registered in Mumbai for operations in India. MHI operates two active production plants in India.
Minaean's Modular Retail Buildings for "Shell India have secured the Company's position as a major supplier of modular buildings and camping solutions in India. Minaean's achievement in completing the contracts for supply and installation of prefabricated steel Bus Queue Shelters has made MHI as one of the largest suppliers in this business in India. India, as one of the global economic powerhouse and with growth in GDP forecasted to exceed 6.5% this year, offers a great opportunity for Minaean's business growth and expansion.
Mervyn Pinto, President of Minaean International Corp., stated, "We are pleased to retain the services of Stan Wunderlich and his team at CFSG1, whose extensive experience in counseling companies new to the U.S. markets is well known for its success and helping companies achieve their objectives. We expect to benefit from CFSG1's broad personal connections in the private equity markets and look forward to bringing the story of our company's growth and achievements to private investors, analysts, brokers and other financial professionals in the U.S."
Stanley Wunderlich, CEO, CFSG1, said, "Minaean International is an exciting company. It has been active in the Indian market since 2001 and is well positioned to capitalize on the massive construction boom in India. It offers investors an opportunity to participate in India's fast growing market as well as large, multi-story building projects in North America. CFSG1 is pleased to introduce Minaean to the Wall Street community."
About Consulting for Strategic Growth 1 Ltd.
CFSG1 is a leader in reverse mergers, investor and public relations and corporate development for small-cap companies and private enterprises, both domestic and international. Its portfolio includes businesses based in countries such as China, South Africa and Canada. CFSG1's strategic relationships include Rodman & Renshaw, Inc., a full-range investment bank nurturing emerging growth companies since 1951; Brookshire Securities, a leading Florida investment firm focused on the needs of small to medium sized companies; and ChineseWorldNet.com, Inc. (CWN), a worldwide financial platform catering to small- and mid-size Chinese companies and the Chinese investor community (www.CWNfn.com), among others. For more information, go to: www.cfsg1.com.
About Minaean
Minaean International Corp. manufactures rapid, efficient building systems using light-gauge steel. Minaean's Vesta Quik-BuildTM and Artisan Quik-BuildTM construction kits are available for houses and buildings of up to four stories.
The newly launched modular buildings, designed, engineered and prefabricated in the factory environment and capable of being assembled and delivered within 7 days, are an addition to the Company's innovative construction technologies. The application of the modular building concept has now been expanded to produce and install Bus Queue Shelters, ATM Modular Buildings, Modular Toilets and Public Washrooms, office blocks and bunkhouses for campsites. The strong, affordable, ecologically sustainable structures present a promising solution to the mass housing shortages in developing countries and disaster-stricken areas, in addition to a range of conventional applications.
Shares of Minaean International Corporation (parent company) are publicly traded on the TSX Venture Exchange under the symbol "MIB" and on the Berlin and Frankfurt Stock Exchanges under the symbol "NJA". For more information, please visit www.minaean.com.
On behalf of the Board of Directors
MINAEAN INTERNATIONAL CORP.
"Mervyn Pinto"
Mervyn Pinto, President & Director
Contact: Investor Relations
Phone (604) 684-2181
investors@minaean.com
Source: Minaean International Corp. (MIB - TSX-V)
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