SOURCE: Medina International Holdings, Inc.

September 20, 2007 09:00 ET

Medina International Holdings, Inc. Reports Fiscal First Quarter Results

Company Achieves 45 Percent Gross Profit Margin on Sales

SAN BERNARDINO, CA--(Marketwire - September 20, 2007) - Medina International Holdings, Inc. (OTCBB: MIHIE) announced today that the company generated $192,800 in revenue during the three months ended July 31, 2007. The Company did not recognize any revenues during the three months ended July 31, 2006. The cost of sales for the three months ended July 31, 2007 was $86,994. The gross profit for the three months ended July 31, 2007 was $105,806 or 45.12% on sales.

The complete 10Q report is available at www.sec.gov.

Daniel Medina, CEO of Medina International Holdings, Inc., stated, "We have begun to see the results of our sales efforts over the past several months reflected in the balance sheet of the company." He added, "We have achieved several important milestones over the past quarter and are now solidly positioning ourselves to ramp up our sales and our production. Customers are satisfied with our product and we are receiving inquiries for additional orders from both existing and potential customers around the world."

About Medina International Holdings, Inc.

Medina International Holdings, Inc. 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 thousands of miles of waterways in the United States alone, opportunities for fire, search and rescue, and patrol boats are abundant. The potential addressable global market for these types of watercraft is in the billions of dollars, which presents exponential potential growth opportunities for 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