MDI, Inc (MDII) Receives Six Orders From Almana Networks
MDI, Inc. (NASDAQ: MDII) announced that MDI Security Systems (MDI) has received six orders this month from international technology solutions integrator Almana Networks (Almana), based in Doha, Qatar. These orders have been placed to fulfill a $5 million product revenue commitment from Almana to MDI this year.
Almana Networks is expecting to have a record year driven by an increase in business from new large construction opportunities in one of the world's richest and fastest growing cities (Doha, Qatar). The company is projecting a 300% growth in overall sales in 2008. A large percentage of this growth is expected to come from security technology products and integrated security systems that will be installed into businesses, facilities, compounds and multi-story high rise towers within and in proximity to the city of Doha.
MDI's Middle East office, located in the Regus Building in Doha, provides Almana Networks and its physical security and low voltage customers with sales support, sales engineering support, system design services and security consulting.[SM]
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