News Column

M Line Holdings, Inc. Adds Two Multi-Dollar Aerospace Customers to Its Portfolio

May 19, 2014



TUSTIN, Calif., May 19, 2014 (GLOBE NEWSWIRE) -- M Line Holdings, Inc. (OTCQB:MLHC) ("M Line" or the "Company"), a leading provider of products, assemblies and services to the precision high tech segment of both the aerospace and medical industries as well as a seller of high end pre-owned Japanese Computer Numerically Controlled ("CNC") Equipment, today announced that the Company has added two major customers. The first is a leader in providing distribution, life extension, maintenance, repairman overhaul (MRO) and logistic support solutions to operators in the US and in over 30 countries worldwide. The second customer is another multi-million dollar sales company located in Australia, a new territorial market for M Line. It is an aerospace and defense company providing proprietary products in avionics, display technology, filter panels and power supplies markets.

In other news M Line will be filing its results for the three quarters ended March 31, 2014 today. The preliminary results will change and will reflect a lower profit than estimated at $18,617 due to non cash derivative calculations of $448,210. The EBITDA for the nine month period ended March 31, 2014 is $1,110,456 compared to ($920,501) for the comparable period in 2013. This is an improvement of $2,030,957. Further, Fiscal 2014 is still on target for a profit of $1.5 million with EBITDA expected to be closer to $2.5 million based on the profit from a strategic alliance which the Company is currently working on and expecting to close by June 30, 2014.

Bruce Barren, CEO of M Line, commented: "One of the most important elements in building Shareholder Value is through one's customers, particularly a company's capabilities to attract new customers. We are demonstrating this at M Line in our "step-by-step", one building block at a time approach. M Line's team is committed to do just that - Stay Tuned."

Tony Anish, COO of M Line, added: "Even though our cash flow is still tight, we continue to make positive moves with, new customers, strategic alliances and our continued negotiations with prospective acquisition targets plus we continue to improve our customer performance ratings."

About M Line Holdings, Inc.

M Line Holdings, Inc. (OTCQB:MLHC). M Line provides products and services to the precision high tech segment of both the aerospace and medical industries as well as selling high end pre-owned Japanese Computer Numerically Controlled ("CNC") Equipment. Key customers of our group include Panasonic Avionics, UTC Aerospace Systems, Beckman Coulter, BE Aerospace and SIE (Structural Integrity Engineering, Inc.). The Company is headquartered in Tustin, California. For more information see our website at http://www.mlineholdings.com/

COMMUNICATION:

Please send us your E-mail address to shareholder@mlineholdings.comso that we can directly send you our Press and other Releases plus answer questions that you may have from time to time.. Our drive is to constantly enhance Shareholder Value and your suggestions and/or comments are always welcome.

Safe Harbor and Informational Statement

This press release may contain forward-looking information within the meaning of Section 21E of the Security Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statement of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial conditions or results of operations; (iii): the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends.

The words "may", "would", "will", "expect", "estimate", "anticipate", "believe", "intend", and similar expressions and variations thereof are intend to identify forward-looking statements. Investors are cautioned that any such forward-looking statement are not a guarantee of future of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's statements and reports filed with the OTC Markets. The Company claims the safe harbor provided by Section 21E(c) of the Exchange Act for all forward-looking statements.

CONTACT: Investor Relations: Howard Gostrand info@amcapventures.com 305.918.7000

Source: M Line Holdings, Inc.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: GlobeNewswire


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters