SOURCE: Medina International Holdings, Inc.

July 17, 2007 09:00 ET

Medina Holdings International, Inc. Addressing the Need for Increased Security and Surveillance on Our Nation's Waterways

Company's Proprietary Marine Vehicles Tapping Potential Multi-Billion Dollar Niche Market

SAN BERNARDINO, CA--(Marketwire - July 17, 2007) - Medina International Holdings, Inc. (OTCBB: MIHI) develops, markets and distributes specialty boats. The company is focused on the design, production and sales of special purpose boats for private, state, local, and federal agencies, as well as the military.

The company produces commercial fire, rescue, police and patrol boats utilizing the highest design and performance standards. The company's products combine safety, power, handling and stability with a proprietary hull design and equipment features that address specific niche markets.

With approximately 241,500 miles of waterways in the United States alone, opportunities for fire, search and rescue, and patrol boats are abundant. Assuming the need for 1 boat for every 10 miles of waterway, the potential addressable domestic market for Medina's products is $2.4 billion. International demand is even greater than domestic demand, which presents exponential growth opportunities for the company.

Of the 3,536 counties in the US, a significant number are located in coastal regions containing lakes, rivers, oceanfront or all three. Few municipalities have adequate search and recovery, patrol, or fire fighting boats as part of their fleet. The company's boats offer a cost-effective solution for municipalities with limited funds and an unaddressed need.

"We have been actively building our core technology portfolio and we feel that we are ready to enter full-scale production and distribution of our primary products, which are our fire, search and rescue watercraft," states Daniel Medina, President of Medina International Holdings, Inc. "We have already successfully deployed boats domestically and internationally to government agencies. Details of these transactions and follow up information on how the boats are being utilized will be available shortly. We are also pursuing additional opportunities to acquire technologies that can be utilized with our boats or as stand-alone solutions to address emergency situations, security enforcement and the military markets. All of the technology opportunities are synergistic and enhance our product offering."

Madhava Rao Mankal, CFO of Medina International Holdings, comments, "Medina is now entering the next phase of the company's growth. We have assembled a solid portfolio of marine assets, kept our costs low and have built a sales pipeline that we are beginning to enter into. I expect that we will be able to drive revenues effectively and pursue acquisitions to fuel additional growth when the time is right."

Medina will be releasing more information in the coming weeks on its products, deployment to domestic and international customers and other developments within the company.

For more information, visit http://www.medinaih.com and http://www.medinamarine.com.

This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the ``Exchange Act''), including statements regarding potential sales, the success of the company's business, as well as statements that include the word ``believe'' or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Medina International Holdings, Inc. to differ materially from those implied or expressed by such forward-looking statements. Such factors include, among others, the risk factors included in Medina's Annual Report on Form 10-KSB for the currently fiscal year and any subsequent reports filed with the SEC under the Exchange Act. This press release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, inability to timely develop of products or services, inability to deliver products or services when ordered, inability of potential customers to pay for ordered products or services, and political and economic risks inherent in domestic and international trade.

Contact Information

  • CONTACTS:

    Medina International Holdings, Inc.

    Daniel Medina
    President
    (909) 522-4414

    Communications:

    Cinapsys, Inc.
    Mark Moline
    (760) 458-4899