Vancouver, BC, Canada – February 8th, 2012 – Minaean International Corp. (TSX Venture Exchange: MIB; Berlin and Frankfurt Stock Exchanges: NJA) (“Minaean” or the “Company”), a Canadian-based developer of alternative building technologies using light-gauge steel, is pleased to announce that it has engaged TradeMark Equity Marketing Inc. (“TEM”) of Calgary, for the provision of investor relations services intended to increase awareness about the Company and its corporate development activities. These services will be primarily provided on behalf of TEM by its principal and founder, Mr. Mark Komonoski.
About TradeMark Equity Marketing Inc. (TEM)
TEM will provide planning and execution on aspects of Minaean’s public market activities in the coming year. Mr. Komonoski has over 23 years of experience in raising capital and providing public marketing planning and services for public companies. The investor relations services commenced February 1st, 2012, and the Company’s agreement with TEM expires on January 31st, 2013. The Company has agreed to pay the consultant $5,000 per month plus applicable taxes until January 31st, 2013. The Company intends to pay these fees from general working capital. The Company plans to grant, pursuant to the Company’s stock option plan, 300,000 stock options at an exercise price of $0.14 per share to TEM, and these options are subject to the applicable TSX Venture vesting schedule requirements and approvals.
Mark Komonoski commented “We look forward to helping management communicate its positive corporate development message as Minaean moves towards potential definitive agreements with the Ministry of Health, Ghana, West Africa, regarding construction of affordable housing this year with an initial contract value of up to $100 million”. “A significant factor in Minaean’s success will be its relationship with Phadnis Infrastructure Ltd.” “Phadnis brings the expertise and track record necessary for execution of such large projects.”
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 company operates through its two wholly owned subsidiaries: Minaean Habitat (India) Pvt. Ltd in India and Minaean Building Structures Inc. in North America.
About Phadnis Infrastructure Ltd.
Pune, India, based Phadnis Group has created its mark in various fields like Real Estate, Infrastructure Development, Hospitality, Information Technology and is now gearing up to foray in Telecom, Power, Food and Confectionary industries. The infrastructure division of the group, Phadnis Infrastructure Limited, has undertaken a number of projects valued at over $200 million across India. The company has secured major public sector contracts and has been engaged in building roads, dams, bridges, townships, commercial complexes and facility centers. The group committed to create a better tomorrow, has been equally active in the telecom and power generation segment with various projects across India. The Phadnis Group has its major stake in the hospitality industry in India through two luxury resorts, Radisson Spa and Resort, Alibaug, and Sahil Sarovar Portico, Lonavala. The group is coming up with exclusive prime properties in India including Radisson Blu, a five star hotel in Malad, Mumbai. It has a JV with Germany’s RIMC International for providing Hotel Management and Consultancy Services and with Dan Cake, Portugal, for setting up a Food and Confectionary business. The company has ambitious plans of expanding globally and has taken the first step to enter the African market by taking a significant equity interest in MIC.
Minaean in partnership with Phadnis intends to move from its initial development and promotion of the affordable housing project, currently under negotiation with the Ministry of Health, Ghana, for the initial phase consisting of 2,460 units at an average price of US$40,000 per unit with a value of up to US$100 million.
Shares of Minaean International Corporation 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