Printer Friendly
The Free Library
14,505,210 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Mirenco Reports Record Revenues.


RADCLIFFE, Iowa Radcliffe is a city in Hardin County, Iowa, United States. The population was 607 at the 2000 census. Geography
Radcliffe is located at  (42.314662, -93.432259)GR1.
 -- Mirenco, Inc., (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:MREO MREO Manager Remote Encoding Operations ) is announcing record revenues for the month of April. Mirenco has increased sales, recording the most proceeds in a single month since its public offering.

"April has proven to be the highest revenue producing month Mirenco has experienced since going public," reports Rich Musal, CFO See Chief Financial Officer. , "we are quite confident that this is a trend that will carry into months to come. We have worked hard at establishing a client base that understands our product and communicates their needs back to us. We have begun to establish ourselves in a few specific markets and have shown a success rate that will continue to bring us added sales. This is bringing us very close to the break even point and into profitability, which is the primary objective for the organization."

"With reports and trends continuing to point in the direction of higher fuel prices our niche market A niche market also known as a target market is a focused, targetable portion (subset) of a market sector.

By definition, then, a business that focuses on a niche market is addressing a need for a product or service that is not being addressed by mainstream providers.
 continues to expand. With the higher fuel prices comes higher shipping costs and higher prices passed to the consumer. With the fuel savings we have been reporting, our clients are able to communicate back to their customers that they are doing everything possible to save money, this has become very important to most businesses and definitely to truck fleets," explains Dwayne Fosseen, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  and founder of Mirenco.

Fosseen continued to explain, "We continue to demonstrate astronomical results in cutting emissions within the mining industry. We are well on our way to proving that our technology is ahead of the competition in reducing wasted fuel expelled from the tailpipe tail·pipe  
n.
The pipe through which exhaust gases from an engine are discharged. Also called exhaust pipe.


tailpipe
Noun

a pipe from which exhaust gases are discharged, esp.
. As air quality mandates near closer in 2006, mining industries have begun to contact us for continued help through our combustion management program, as it has proven to be the most effective technology for reducing emissions."

About Mirenco

Mirenco is a Radcliffe, Iowa-based company that specializes in patented vehicle management technology and consultative services for reducing vehicle emissions, improving fuel economy and lengthening lengthening (lengkˑ·the·ning),
n the use of various massage or muscle energy techniques to relax and stretch muscle and connective tissue.
 the service life of heavy-duty diesel vehicles. More information is available at www.mirenco.com, or via e-mail at info@mirenco.com or by calling 800.423.9903.

Some of the statements made in this press release are forward-looking in nature. Actual results may differ materially from those projected in forward-looking statements. Additional information concerning Mirenco, Inc. can be found within Mirenco's filings with the Securities and Exchange Commission. Statements in this release should be evaluated in light of this additional information.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:May 10, 2005
Words:404
Previous Article:Idaho Introduces New Business Incentives to Attract Corporations.
Next Article:MicroTRAK, Inc.'s SlimTRAK Beneficial to Financial Institutions.



Related Articles
Mirenco, BEEP Complete Filming for Public Television Feature.
Mirenco Releases American Environmental Review Video.
Mirenco Announces Patent Application.
Mirenco Launches New Speed Control Product.
Mirenco's CEO Sells Stock to Benefit Company and Its Shareholders.
Mirenco Expands Its DriverMax Product Line.
Over-the-Road Trucking Companies See Dramatic Fuel Savings.
Mirenco Improves Financial Performance.
Mirenco Reports Continued Financial Improvement.
A Successful Agreement: Mirenco, Inc. and Stepp Equipment Company Become Partners in the Chicago and Milwaukee Markets.

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles