MDI, Inc. (MDII) Announces Joint Venture Agreement with Almana Networks
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MDI, Inc. (NASDAQ: MDII) has entered into a joint venture agreement with Doha, Qatar based Almana Networks. The agreement establishes a joint venture between the two parties focused on providing unified physical and electronic security solutions, along with converged network infrastructures, to existing organizations and new construction projects in the rapidly growing country of Qatar.
The new venture is currently finalizing negotiations on several security projects in Qatar, two of which it believes it will be awarded during the month of May. These multi-million dollar comprehensive projects include over one million dollars in products and services from MDI when finalized.
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