Stock Alert: Mariner’s Choice (MCII) Signs Distributor Deal

Since late last year, Pinksheet Penny Stock Mariner’s Choice International, Inc. (PINK: MCII.PK ) had been in discussions with a distributor in Curacao who is working on a bid for a large scale clean-up. The distributor obtained clearance from its Ministry for two of MCII products and investors had been awaiting the order from them.

Data provided by Capital IQ

MCII traded as high as $0.0375 in Friday’s trading session.
MCII closing price Friday, February 3rd was $0.0375, up +1.35% (+0.0005).
MCII traded volume of 794,228.

Friday, MCII announced that it had established a relationship with a distributor in Curacao to assist in growing the Company’s remediation business in the Caribbean.

“This first step is all about gaining an international footprint through major distribution agreements,” said Amie Hingston, President & CEO. “As we continue to implement our aggressive growth strategy, many such revenue channels should become available to us.”

Olieberg Shipmanagers N.V. has obtained clearance from the Ministry of Health, Environment and Nature of Curacao to import MUNOX(R) SR and Citrus Power Cleaner. The company is in discussions with a major oil refinery for an opportunity to use MUNOX(R) SR in a remediation project, which could be the first of many to come.

MCII is trading:

  • $ 0.169 above its 20 day moving average,
  • $ 0.0111 above its 10 day moving average and
  • $ 0.0043 above its 5 day moving average.

MCII Six Month Chart:

MCII has a Market Cap of $3.63M with a 525,125 Avg Vol (10 day).

About Mariner’s Choice International:

Founded in 1987, MCII is based in Jacksonville, Florida. MCII engages in the development, manufacturing, and marketing of biodegradable and ecologically safe cleansing products for the recreational, industrial, and commercial marine market, auto-care, and pool and spa market; as well as performance products for bioremediation and oil-cleanup.

MCII’s biodegradable technologies are eco-friendly solutions designed for cleansing and maintain deck, under deck, and aesthetic marine asset surfaces such as hulls, stainless steel, aluminum, canvas, vinyl, glass, counters, heads, carpets, and boat bottoms. Under-deck solutions are aimed to solve common issues involving the marine infrastructure systems such as the holding tank and bilge systems.

MCII provides sanitation solutions for mariners, crew and any guests with advanced products for protection from bugs, insects, sun, and infectious diseases.

MCII also provides the environment MUNOX and MUNOX SR, two ecologically safe products containing the correct microbes and contaminants for bioremediation, bio-augmentation and oil cleanup. Bioremediation is the usage of microorganisms to remove pollutants from an environment that has been contaminated from waste handling, sewage water, utility services, and processing industries while bio-augmentation is the contamination of the soil and groundwater.

MCII’s MUNOX SR remediates all types of spills and contaminants by removing the petroleum hydrocarbons.

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