CMARK Continues Strong U.S. Government Sales Effort With $10.6 Million in Sales Bookings for 3rd Quarter of 2008
October 10 2008 - 9:25AM
PR Newswire (US)
COLUMBIA, S.C., Oct. 10 /PRNewswire-FirstCall/ -- CMARK
International Inc. (OTC Pink Sheets: CMIT), a leading provider of
logistical and facility support to federal government institutions,
today announced that its bookings of new contract awards for the
third quarter 2008 totaled over $10.6 million, an increase of over
16% over the third quarter of 2007 and 244% over the same period of
2006. Bookings for the first three quarters of 2008 total over
$16,800,000 which is an increase of over 15% from the same period
of 2007 and 250% increase from the same period of 2006. The company
moves into the fourth quarter with the largest backlog in the
company's history. "The company is right on track with its sales
plan to a variety of U.S. government agencies as well as government
prime contractors. This increase in business reflects increasing
infrastructure development as well as product development including
general construction, modular structures, food service equipment
and furnishings," said Charles W. Jones, Jr., President and CEO of
CMARK. "We feel the entire U.S. Government marketplace including
the Department of Defense, and its associated support activities
offer a solid marketplace in this day and time and the global
development of CMARK's infrastructure along with the development of
a broad but cohesive product mix are continuing to strengthen our
efforts. We are further increasing and refining our resources in
pursuing this effort including attention to engineering and sales
staffing, as well as increasing joint efforts with key strategic
allies and suppliers." Some of the significant milestones during
the past three quarters for CMARK have been the establishment of a
Department of Defense Mentor-Protege program with EMCOR Group,
Inc.; the opening its corporate finance office in Naples, Florida,
allowing centralization of all corporate finance functions; and the
opening a field support facility in Kuwait City, Kuwait for its
project in the Middle East. "We currently have 8 functioning
offices in the U.S. as well as support activities and strategic
alliances in Europe, Asia and the Middle East. With the current
backlog reflecting these contract awards and a stronger corporate
focus on business development we should carry this significant
momentum into the fourth quarter and further into 2009." About
CMARK International, Inc.: CMARK International provides a wide
array of facility and logistic support services including
construction, architectural design, food service, furnishings and
maintenance and operation services with a primary focus on U.S.
federal facilities. The company operates out of eight offices
throughout the United States with support facilities in Europe,
Asia, and the Middle East. As a well established Service-disabled
Veteran-owned Small Business (SDVOSB), CMARK has built a strong
franchise to meet the federal procurement opportunity represented
by the Veterans Benefits Act of 2003 (Public Law 108- 183) which
requires U.S. government agencies and prime contractors to earmark
three percent of all federal procurement dollars to high quality
SDVOSB firms. For more information, visit
http://www.cmarkinternational.com/ Forward Looking Statements
Statements contained in this press release which are not historical
facts are known as forward-looking statements as that item is
defined in Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934, and the Private
Securities Litigation Act of 1995. These forward-looking statements
are subject to risks and uncertainties, which could cause actual
results to differ materially from estimated results. The
forward-looking events and circumstances discussed in this press
release might not occur, and actual results could differ materially
from those anticipated or implied in the forward-looking
statements. CONTACT: Investor Relations Creative Capital Worldwide
LLC 305.798.4857 DATASOURCE: CMARK International Inc. CONTACT:
Investor Relations: Creative Capital Worldwide LLC,
+1-305-798-4857, Web site: http://www.cmarkinternational.com/
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