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Otc Bulletin Board News

19 May 2011

Deep Down Reports Q1 2011 Results

Deep Down, Inc. (OTC Bulletin Board: DPDW) (“Deep Down” or the “Company”), an oilfield services company specializing in products and services for the deepwater and ultra-deepwater oil and gas industry, today announced a net loss of $1.8 million for the first quarter of 2011, an improvement of $0.7 million, or 28%, over the same period in 2010. For the first quarter of 2011, Deep Down reported a net loss of $1.8 million, or $0.01 loss per diluted share, compared to a net loss of $2.5 million, or $0.01 loss per diluted share, in the first quarter of 2010.

20 Feb 2011

Harbor Guard Boats Gets Order for Firehawk 2426

Medina International Holdings, Inc., (OTC Bulletin Board: MIHI) has received an order for a Firehawk 2426 fire rescue boat from the City of Poughkeepsie Fire Department, New York, through its wholly owned subsidiary, Harbor Guard Boats, Inc. Daniel Medina, President of Medina International Holdings, Inc.  said, "This boat will be used for fire suppression, dive and rescue purposes on the Hudson River.  This is the third Firehawk order from the New York capital region and is becoming a primary choice for fire rescue and dive teams."

06 Jan 2011

Harbor Guard Boats Delivers Defender 2628

Medina International Holdings, Inc. (OTC Bulletin Board: MIHI), through its wholly owned subsidiary Harbor Guard Boats, Inc., has completed the sale of a Defender 2628 dive rescue boat to Prince George's County Fire Department, Md.

04 Oct 2010

Harbor Guard Boats Delivers Firehawk 26

Medina International Holdings, Inc. (OTC Bulletin Board: MIHI) delivered Firehawk 26 boat to City of Troy Fire Department, NY through its subsidiary Harbor Guard Boats, Inc.

04 May 2010

Deep Down to Acquire Cuming Corp.

Deep Down, Inc. (OTC Bulletin Board: DPDW), an oilfield services company specializing in products and services for the deepwater and ultra-deepwater oil and gas industry, announced entry into a conditional purchase agreement to acquire Cuming Corporation. Privately-held Cuming Corporation was founded in 1980 and is a manufacturer of buoyancy and insulation products with a range of deepwater oil & gas industry applications. Cuming's operations are complementary with those of Deep Down's Flotation Technologies subsidiary, which produces syntactic foam products for customers in the oil and gas, defense, scientific and industrial sectors.

27 Apr 2010

Deep Down Constructs Carousel System

Deep Down, Inc. (OTC Bulletin Board: DPDW), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services, announced that it has completed the design and has begun construction of a 3,200 metric ton Carousel System, which is scheduled for completion early in the third quarter of 2010. Upon completion the Carousel System will be located in the Gulf Coast, to facilitate the handling of umbilicals from transportation vessels onto the Carousel, and with the ability to store up to three separate steel tube umbilicals for projects in the region.

12 Apr 2010

Hollinger Joins Deep Down Board Member

Deep Down, Inc. (OTC Bulletin Board: DPDW), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services, announced that Mark R. Hollinger has joined its Board of Directors, effective April 12, 2010. Hollinger has joined the board as an independent director and was appointed Chairman of the Audit Committee of the Board of Directors. Hollinger is currently President of Offshore Solutions at MacDermid, Inc., which provides specialty fluids to hydraulic controls of valves in the offshore drilling and production systems, a position he has held since September 2007.