Mile Marker International, Inc. Announces Large Commercial Sale
POMPANO BEACH, Fla.--Jan. 1, 20068, 2006--Mile Marker International, Inc. (OTCBB:MMRK), a specialty vehicle parts supplier, announced that it will be supplying its unique patented hydraulic winches to an Asian Original Equipment Manufacturer.Mile Marker International, Inc. today announced that it had received orders to supply up to 5000 of its hydraulic winches to the Original Equipment Manufacturer of a large fleet of medium-duty trucks over five years.
Richard Aho, President and CEO of Mile Marker International, Inc., said: "These orders represent a significant expansion of our OEM business. We expect to deliver our hydraulic winch to this customer at the rate of approximately 100 units per month over the next five years, with a potential sales value of over $5 million. This sale confirms the value of our unique patented hydraulic winch to our commercial customers in addition to the U.S. military, which has been ordering the military version of our hydraulic winch for the past seven years. Our hydraulic winch is proving to be very popular with a number of our customers worldwide."
Mile Marker International, Inc., through its wholly-owned subsidiaries, Mile Marker, Inc., Mile Marker West, Inc. and Mile Marker Automotive Electronics (ShenZhen), Ltd., is a manufacturer and distributor of specialized vehicle parts primarily for the four-wheel drive recreational, utility and military vehicle markets. Mile Marker's unique patented line of hydraulic winches uses a vehicle's power steering pump as its source of energy.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other risks factors and uncertainties detailed in the Company's filings with the U.S. Securities and Exchange Commission.