TUSTIN, Calif., April 3, 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, is pleased to announce that it has received a long term contract in the amount of more than $600,000 over three years from one of its newest customers.
M Line's customer designs, manufactures and markets technology components and systems for the aerospace, defense, land vehicle, and energy markets. It has facilities in some 13 countries worldwide and has revenues in excess of $1 Billion.
Bruce Barren, M line's CEO, stated, "This is another small step towards sustained growth of our Company. This order supports our continued drive to achieve increased profitability, and as a result improved shareholder value. Yes, your Company and its management continue to strive for more tangible results on a daily basis, as promised."
Tony Anish M Line's COO stated, "This is excellent work from our marketing team. We expect to receive larger orders from this customer and from many of our new and revitalized customers. We are continuing to push for more and more new business. The market is now realizing the efforts of your management group recognizing that we are here to stay, grow and drive results."
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/
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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.
Investor Relations: Howard Gostrand 305.918.7000
