Medina International Holdings, Inc. Announces Results for Third Quarter

CORONA, Calif., March 23 /PRNewswire-FirstCall/ -- MEDINA INTERNATIONAL HOLDINGS, INC. (Pink Sheets: MIHI)

Daniel Medina, president of Medina International Holdings, Inc. commented, "We are pleased to report third quarter revenue of $541 thousand and we are diligently completing our current orders and planning to end our fiscal year on a high note."

Third Quarter Comparison

In the third quarter ended January 31, 2010, the Company reported net sales of $541 thousand versus $42 thousand a year ago for the same period. Madhava Rao Mankal, CFO of Medina International Holdings, Inc. commented, "Although our operating and net losses increased during the third quarter, we have been improving in the areas of customer satisfaction and quality management."

About Medina International Holdings, Inc.

Medina International Holdings, Inc. through its wholly owned subsidiary, Harbor Guard Boats, Inc., produces commercial fire, rescue, police and patrol boats utilizing the highest design and performance standards. The company's products combine safety, power, handling and stability with a proprietary hull design and equipment features that address specific niche markets with products ranging from 12' to 37'.

For more information visit http://www.medinaih.com, http://www.medinamarine.com, http://www.harborguardboats.com.

Safe-Harbor Statement

This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements regarding potential sales, the success of the company's business, as well as statements that include the word "believe" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Medina International Holdings, Inc. to differ materially from those implied or expressed by such forward-looking statements. Such factors include, among others, the risk factors included in the Company's Annual Report on Form 10-K for the currently fiscal year and any subsequent reports filed with the SEC under the Exchange Act. This press release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, inability to timely develop of products or services, inability to deliver products or services when ordered, inability of potential customers to pay for ordered products or services, and political and economic risks inherent in domestic and international trade.

SOURCE Medina International Holdings, Inc.

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