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Morrell International

Introduction: Al Morrell Development (AMD), a Utah corporation and its sister company, The Event Source (TES), a Utah company, were established by founders Phil Morrell and Paul Morrell to support United States military operations throughout the world. AMD and TES were the primary military contractors during the 2002 Olympic Winter Games in Salt Lake City, Utah. During the Olympics, the Company provisioned all of the life support areas. These strategic operative bases and facilities were completed in just 34 days. AMD and TES fulfilled six contracts to construct and operate dining facilities during the critical time of troop build-up at Baghdad International Airport and in Northern Iraq, providing approximately 3 Million meals per month to United States military troops. Oasis International Waters, Inc. (OIW) is a holding company for a $375 Million contract with the US Government to deliver purified bottled water to the Military stationed in Iraq. AMD is currently engaged as the sole entity to fulfill the contract for OIW, for the building and operation of the six large water purification and bottling plants in Iraq. Mission statement: The Company is committed to deliver a cost-effective, value-added service, which leverages its global network, personnel, practices and systems while delivering world-class regional services built on values of trust and integrity

Business objectives:
  • Maximize the water production facilities in Iraq
  • Acquire additional military contracts
  • Expand water production into other foreign and US markets
  • Develop opportunities that match the strengths of the company

    Business rationale:
  • The company has been able to exceed expectations of the military in schedule and performance with a proven track record
  • The bottled water market has shown significant growth over the past 10 years and indications that the growth will be more significant in the future
  • Through appropriate expansion the company will prosper and grow
  • The internet will be used to create greater exposure and interest

    Business team: Phil Morrell, Chairman of the board, is a experienced business developer and humanitarian; Paul Morrell, President, MBA with many years of large business management; Paul Jeffries, CEO, has been a CEO for several large corporations; Neil Vos, CFO, was a CFO for other large corporations; Tom Newell, VP Senior Project Manager, has strong construction management experience; Daniel Petsche, VP Contracts and Compliance, robust experience in contract and program management.

    Exit and return: ROI will be achieved upon the creation of an aggressive growth, internally generated cash flows and a high profit oriented corporation. Over the next 2-5 years, the company plans to grow into several large US and overseas projects. The company is well positioned for strategic opportunities including the ability to merge with or sell the company to a multinational corporation or a larger competitor or position the company for an IPO, which are viable and lucrative exit strategies for shareholders. Financial requirements: The Company is seeking $48 Million for the purpose of refinancing the construction loans of the six (6) bottling plants on US military bases in Iraq.

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