$MLHC news
M Line Holdings, Inc. Issues "Positive" Third Quarter Preliminary Results for Nine Months Ended March 31, 2014
Increased Revenues and Earnings Continue for Third Successive Quarter
TUSTIN, Calif., April 30, 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 Company revenues continue to increase and are up 25% for the nine months ended March 31, 2014 to $8,426,251 as compared to $6,741,292 for the nine months ended March 31, 2013. Profits are estimated to be $468,942 compared to a loss of $(1,357,501) for the nine months ended March 31, 2013, representing a $1,826,443 improvement.
Bruce Barren, CEO of M Line, commented, "These results continue to validate our turnaround. We are making good progress and expect to make our profit forecast of $1,500,000. We continue to focus on growing the business and building shareholder value."
Tony Anish, COO of M Line, added, "We have concentrated on growing our business from both new and our current customers. The impact of this is reflected in our continued positive results."
Anish continued, "Negotiations with prospective acquisitions are ongoing and we hope to be able to finalize some of the negotiations in the very near future."
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.com so 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 intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statement are not a guarantee 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: GlobeNewswire (April 30, 2014 - 8:35 AM EDT)
News by QuoteMedia
M Line Holdings, Inc. Issues "Positive" Third Quarter Preliminary Results for Nine Months Ended March 31, 2014
Increased Revenues and Earnings Continue for Third Successive Quarter
TUSTIN, Calif., April 30, 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 Company revenues continue to increase and are up 25% for the nine months ended March 31, 2014 to $8,426,251 as compared to $6,741,292 for the nine months ended March 31, 2013. Profits are estimated to be $468,942 compared to a loss of $(1,357,501) for the nine months ended March 31, 2013, representing a $1,826,443 improvement. Bruce Barren, CEO of M Line, commented, "These results continue to validate our turnaround. We are making good progress and expect to make our profit forecast of $1,500,000. We continue to focus on growing the business and building shareholder value."
Tony Anish, COO of M Line, added, "We have concentrated on growing our business from both new and our current customers. The impact of this is reflected in our continued positive results."
Anish continued, "Negotiations with prospective acquisitions are ongoing and we hope to be able to finalize some of the negotiations in the very near future."
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.com so 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 intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statement are not a guarantee 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: GlobeNewswire (April 30, 2014 - 8:35 AM EDT)
News by QuoteMedia
I'm in it to win it!
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
