Rao Mankal News

Management of Medina International Holdings, Inc. (Pink Sheets: MIHI) signed a lease to rent a manufacturing facility in the city of Corona, California. "This new larger facility will enable us to consolidate production process in one location with substantial reduction in rent compared to the Costa Mesa Facility," said Daniel Medina, President of Medina International Holdings, Inc. "The Corona facility was previously leased by a boat manufacturer, providing us with the necessity of minimal modifications of building to manufacture our watercrafts," said Madhava Rao Mankal, Chief Financial Officer of Medina International Holdings, Inc.

Medina International Holdings, Inc. (Pink Sheets: MIHI), a manufacturer of specialized search and rescue boats, announced that it has completed the acquisition of Harbor Guard Boats, Inc. Harbor Guard Boats, Inc. manufactures fire rescue, rescue and patrol boats. Harbor Guard Boats, Inc. had sales of approximately $693,455, $575,110 and $1,478,479 for the years ended April 30, 2007, 2008 and 2009 respectively. Chief financial officer of Medina International Holdings, Inc. Rao Mankal commented, "This acquisition represents a significant step forward in increasing our product line. Albert Mardikian, Chief Executive Officer of Harbor Guard Boats, Inc. said, "I am enthusiastic about this merger.