Mirenco Reports Continued Financial Improvement
RADCLIFFE, Iowa--(MARKET WIRE) - May, 2005 - Mirenco, Inc., (OTCBB:MREO) reports
a loss of 2 cents per share for the first quarter of 2005. This is in comparison
to a loss of 3 cents per share for the fiscal year 2004.
Rich Musal, CFO for Mirenco states, “The company has become better suited for
the needs of our clients and has pinpointed the direction that we are most
successful in achieving the highest quality results. From this we have concluded
that our investment in marketing has resulted in an increase in sales. This has
proven to be an effective approach as revenues are estimated to reach an all
time high in the next few months.”
Since the first of the year our committed sales for 2005 has increased
threefold. This will continue to increase as our evaluation results have
verified our product and resulted in numerous new proposals,” Musal states. “As
these opportunities are converted to sales our planned profitability will be
realized.”
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 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.
Contact Information:
Dwayne Fosseen
fosseen@mirenco.com
800-423-9903
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