Revenues Increase 30%, Net Loss Cut by Nearly 55% HOUSTON, April 17 /PRNewswire-FirstCall/ -- Marmion Industries Corp (OTC:MMIO) (BULLETIN BOARD: MMIO) , (the "Company") -- an emerging manufacturer and modifier of heating, ventilation, and air conditioning (HVAC) equipment -- today announced record financial results for its fiscal year ended December 31, 2007. Marmion reported record revenues for the year ended 12/31/2007 of $6,017,373, an increase of approximately 30.4% from $4,613,282 reported for 2006. Net loss for the period was ($3,174,967) for an improvement of 54.4% or $3,780,398 from ($6,955,365) in 2006. Net Loss per share for fiscal 2007 was ($.05) for an improvement of $.30 or 85.7% from ($.35) in 2006. Revenue growth was driven largely by the company's decision to diversify into the commercial sector of the HVAC industry and the subsequent award and partial completion of several large commercial projects. Management firmly believes that revenue growth will continue in 2008 due in large part to a number of factors including: the successful expansion efforts of the company's industrial division into the Louisiana market, strengthened overall corporate sales efforts, and the expanded manufacturing capacity expected to be facilitated by a new, soon to be constructed facility. Cost of good sold increased $1,641,073 to $5,362,175 for the year-ended December 31, 2007 from cost of goods sold of $3,721,102 for fiscal year 2006. This represents an increase of 44.1%. Consequently the company's gross profit margin percentage for fiscal year 2007 was 10.9% compared to 19.3% for the prior year period. Total costs and expense as a percentage of revenues decreased 20.3% during fiscal year 2007 to 23.8% from 44.1% for fiscal year 2006. General and administrative expenses decreased $592,000, or approximately 41% for the same comparative period. In addition, net cash used in operating expenses for fiscal 2007 was $710,598 as compared to $316,343 for fiscal 2006. Marmion ended fiscal year 2007 with cash on hand of $1,291,966 compared to $1,785 at the end of 2006 and accounts receivable of $683,066 Corporate highlights for the year include: -- Completion of a project for Lucite International -- Shipping product to an established end-user base that includes ConocoPhillips -- Diversification into the commercial HVAC sector -- Being chosen for the new "Leadership in Energy and Environmental Design 'LEED' Certification of Quality Program". -- Being awarded approximately $3,000,000 worth of commercial contracts within a relatively short time frame. -- The purchase of 2.75 acres of land in Houston, Texas, with intent to construct a new 126' X 250' multi-use facility. CEO W.H. Marmion stated "2007 was yet another very positive year for Marmion Industries Corp. in a number of regards and I highly commend our team for meeting or exceeding all goals and initiatives outlined over the past twelve months. We are quite optimistic regarding the company's ability to both further improve efficiencies and grow revenues in 2008 and look forward to updating the public on our progress as developments unfold." About Marmion Industries Corp Marmion Industries Corp. specializes in Explosion-Proof Heating, Ventilation, Cooling Pressurization and chemical filtration solutions for mission-critical applications. Our reputation is based on superior equipment and service, from south Texas and Louisiana refineries to drilling rigs and chemical plants in Saudi Arabia and South America. Our products are designed for application in Petro-Chemical, Industrial, Agricultural, wastewater, pulp and paper, elect., medicine, and Aerospace. Marmion Industries Corp. commenced operation in Texas in 1998 in residential and commercial HVAC service. The Texas Department of Licensing and Regulation -- TACLA019367C -- recognizes the company as a contractor in the field of Heat Ventilation and Air Conditioning. The company is in the process of working towards third party certifications on selected manufactured equipment. Further information on Marmion Industries is available at: http://www.marmionind.com/ and http://www.microstockprofit.com/ Forward Looking Statements The information in this news release includes certain forward-looking statements that are based upon management's expectations and assumptions about certain risks and uncertainties that can affect future events. Although management believes these assumptions and expectations to be reasonable on the date of this news release, these risks and uncertainties may cause actual events to differ material from managements those contained in this news release. The risks and uncertainties include, but are not limited to, continuing as a going concern, availability and cost of our present vendors and suppliers, and absence of any change in government regulations or other costs associated with data transmission over the Internet or termination of transmissions in foreign countries. Investor Relations Contact: Seacoast Advisors Keith Reinhardt 858-205-5798 DATASOURCE: Marmion Industries Corp CONTACT: Investor Relations, Keith Reinhardt, +1-858-205-5798, , for Marmion Industries Corp Web site: http://www.marmionind.com/

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