Minaean International Corp.
Minaean International Corp.:Minaean Habitat (India) Pvt. Ltd. Establishes Market Confidence in Modular Building Business
Minaean International Corp. / Contract Release of a Corporate-announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- MINAEAN INTERNATIONAL CORP. FOR IMMEDIATE RELEASE March 21, 2007 (No. 2007-03-08) Contact: Investor Relations Phone: (604) 684-2181 Investors@minaean.com MINAEAN HABITAT (INDIA) PVT. LTD. ESTABLISHES MARKET CONFIDENCE IN MODULAR BUILDING BUSINESS Vancouver, BC, Canada – March 21, 2007 – Minaean International Corp. (TSX Venture Exchange: MIB; Berlin and Frankfurt Stock Exchanges: NJA) is pleased to announce that its wholly owned Indian subsidiary, Minaean Habitat (India) Pvt. Ltd. (MHI), has successfully completed the production of thirty seven (37) and delivery of twenty nine (29) modular retail buildings to Shell India Marketing Pvt. Ltd.’s ('Shell') gas station sites in the Southern and Western regions of India as of March 15th, 2007. Eight completed buildings have been stored in Minaean’s stocking yard as per Shell India’s instructions, due to the delay in completion of the project sites by Shell’s other sub contractors and is awaiting shipment instructions. The production in MHI’s Bangalore and Mumbai plants is in progress as planned and is in line with the client’s schedule in view of the delays on account of other sub contractors working on preparing the sites to accept the buildings. Shell is concluding negotiations with MHI at present on the extension of the contract to meet their 2007-08 program for construction of gas stations. Having observed MHI’s performance in supply and installation of Modular Buildings for Shell, MHI has been contacted by two other Indian oil companies for production and supply of retail buildings for their gas stations and a prototype is under negotiation with one of them. India’s 3.30 million kilometer road network, considered to be the 2nd largest in the world (as per National Highways Authorities of India news release), is under massive modernization at present and has declared the need for installation of over 15,000 gas stations throughout the country, an opportunity MHI is working upon in its expansion plans. About Minaean Minaean International Corp., manufactures rapid, efficient building systems using light-gauge steel. Minaean's Vesta Quik-BuildTM, Artisan Quik-BuildTM construction kits are available for houses and buildings of up to four stories. The newly launched modular buildings designed, engineered and prefabricated in the factory environment, capable of being assembled and delivered within 7 days are an addition to the Company’s innovative construction technologies. 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. 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 ' Mervyn Pinto, President & Director DGAP 21.03.2007 ----------------------------------------------------------------------
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