Minaean Secures Purchase Orders For Installation Of Atm Kiosks
January 20, 2009
Vancouver, BC, Canada – Minaean International Corp. (TSX Venture Exchange: MIB; Berlin and Frankfurt Stock Exchanges: NJA) is pleased to announce that its wholly owned subsidiary, Minaean Habitat (India) Pvt. Ltd. (MHI), has secured Purchase Orders 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.
ATM Kiosks remain a key product in the Modular Buildings division of MHI. The units are wholly manufactured and prefabricated in-house and then shipped to site for installation under the supervision of MHI engineers.
These banks have jointly confirmed a need for 12 such units through their security systems vendors. This order represents an approximate revenue generation of over $140,000 CAD.
Having previously done business with these major banks through the supply of over 25 such ATM Kiosks within the ongoing financial year, these Purchase Orders mark a growing business relationship between MHI and its clients based on sheer quality commitment. The likelihood of further repeat sales to these customers is high. MHI is one of the market leaders in the supply and installation of such units in the Indian market.
Minaean Habitat (India) Pvt. Ltd., a wholly owned subsidiary of Minaean International Corporation, is well known for its pioneering efforts in the manufacture of LGS components for the construction industry and modular metal buildings in India. It offers a wide range of applications and has three manufacturing facilities, two in Mumbai and one in Bangalore with a full fledged design and engineering team comprising 140 employees.
The application of the modular building concept has been expanded to include the manufacture and installation of 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. Moreover, MHI now sees itself as the leading manufacturer of such modular units within the Indian market.
The 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, President & Director