Published:
CMARK Continues Strong U.S. Government Sales Effort With $10.6 Million in Sales Bookings for 3rd Quarter of 2008
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 inKuwait City,Kuwait for its
project in theMiddle East.
"We currently have 8 functioning offices in the U.S. as well as support
activities and strategic alliances inEurope,Asia and theMiddle 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 inEurope,Asia, and theMiddle
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
jdl@creativecapitalww.com
SOURCE CMARK International Inc.
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