Growth Initiatives Result in the Purchase of Additional Manufacturing Equipment and Hiring of More Staff
Tustin, California--(Newsfile Corp. - April 8, 2014) - 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, announced today that due to the influx of new business it is receiving, the Company is ramping up the expansion of its manufacturing capabilities and diversifying its aerospace product lines to meet demand now and moving forward.
As a part of the expansion, M Line is in the process of adding fully automated "Lights Out" manufacturing equipment to help support the Company's production needs. In addition, M Line is increasing its manufacturing staff, particularly the night shift, by three to four people monthly.
Tony Anish M Line's COO stated, "The equipment that we are adding will speed our manufacturing capabilities and give us more opportunity for customer expansion. Over the next six to twelve months, we expect to add more equipment, as well as replace some of our older equipment with newer faster equipment, improving our capability and profitability."
Bruce Barren, M line's CEO, stated, "We're excited to ramp up our manufacturing, equipment and staff, and diversify our product line to accommodate demand and fuel continued business growth. This will result in greater revenues and profits which will continue to improve shareholder value. Over the next couple of weeks, we plan to launch our new and improved website as well as set the date for our first shareholder conference call. Stay tuned!"
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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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.
Investor Relations: Howard Gostrand info@amcapventures.com 305.918.7000
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