CMARK International Announces 61% Increase in 2008 Sales
March 10 2009 - 9:13AM
PR Newswire (US)
COLUMBIA, S.C., March 10 /PRNewswire-FirstCall/ -- CMARK
International, Inc. (Pink Sheets: CMIT), a leading provider of
logistical and facility support to federal government institutions
today announced that its revenues totaled over $15.5 mm in 2008, an
increase of 61% over 2007. Bookings for the first two months of
2009 continue strong with an increase of over 22% from the same
period of 2008. The company moved into 2009 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, and
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,
Department of Veterans Affairs and Department of State along with
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 year have been the
establishment of a Department of Defense Mentor-Protege program
with EMCOR Group, Inc., the opening a field support facility in
Kuwait City, Kuwait for its projects in Middle East including
Afghanistan, Iraq, and Kuwait, and a stronger emphasis on projects
with the Veterans Administration. With the current backlog on hand
and a stronger focus on the current U.S. government budget, the
impact of the stimulus plan, and efforts involving DOD projects in
Kuwait and Afghanistan, we should carry this significant momentum
into the remainder of 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 the 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. FOR: CMARK International, Inc. CONTACT:
Joanne Broeders 803-699-4940 DATASOURCE: CMARK International, Inc.
CONTACT: Joanne Broeders, for CMARK International, Inc.,
+1-803-699-4940 Web Site: http://www.cmarkinternational.com/
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