HOUSTON, June 11 /PRNewswire-FirstCall/ -- Marmion Industries Corp (OTC Bulletin Board: MMIO), (the "Company") -- an emerging manufacturer and modifier of heating, ventilation, and air conditioning (HVAC) equipment -- today announced financial results for the three months ended March 31, 2008.

Marmion reported quarterly revenues of $1,882,167, an increase of approximately 15.6% from $1,627,935 reported for the three months ended March 31, 2007.

Net loss for the period was ($75,895) for an improvement of $441,996 or 85.4% from ($517,861) in the first quarter of 2007. Net loss per share for the first quarter of 2008 was ($0.00) compared to ($0.01) in the same prior year period.

Revenue growth continued to be largely 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. During three months ended March 31, 2008, approximately 33% of our revenues were attributable to equipment for the petrochemical industry and approximately 67% were attributable to our commercial division.

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.

Total cost and expenses increased $18,965 to $320,579 from $301,614 for the three months ended March 31, 2007. This represents an increase of approximately 6% .In addition, net cash used in operating expenses for the quarter was $443,174 as compared to $147,286 for the three months ended March 31, 2007.



    Corporate highlights for the quarter include:
    -- 50% construction of new manufacturing facility
    -- Shipping product to an established end-user base that includes
       ConocoPhillips
    -- Further diversification into the commercial HVAC sector
    -- Expansion of industrial division into the Louisiana marketplace
    -- A gross profit margin improvement of nearly 9% over first quarter of
       2007

CEO W.H. Marmion stated, "Marmion Industries Corp is pleased to announce further improvements to many of our key financial reporting criteria during the first quarter of 2008. With our sequential quarterly revenue growth rate exceeding 80% and net loss shrinking considerably on both a sequential quarterly and quarterly year-over-year basis, we continue to benefit from strengthened sales efforts coupled with our implementation of more efficient manufacturing procedures and new quality and purchasing controls."

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 an ongoing 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 IR@seacoastadvisors.com 858-205-5798

SOURCE Marmion Industries Corp