MLHC - M Line Holdings, Inc. Forms Lease Financing Subsidiary
This Will Have a Positive Material Impact on M Line's Revenue and Profitability and Its Prospective Acquisition, Blue Star Machinery
ANAHEIM, CA--(Marketwired - Oct 9, 2014) - M Line Holdings, Inc. (PINKSHEETS: MLHC) ("M Line" or the "Company"
is a leading manufacturer of products, assemblies 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" Machine Tool Equipment with key customers that include Panasonic Avionics, UTC Aerospace Systems, Beckman Coulter, BE Aerospace and a strategic alliance with Structural Integrity Engineering.
M Line today announced that it has formed a new wholly owned subsidiary, ML Machinery Funding, Inc., to manage and fund all equipment sales for transactions involving customer financing. The profit share agreement results in all the credit checking, documentation and closing being handled by M Line's partners and the arranging of all bank lines for the program by our partners. M Line anticipates initial financing through its new subsidiary by mid October. Elite Machine Tool currently arranges funding for approximately 40% of its revenues. However, with the anticipated improved rates and capabilities M Line expects both revenues and funding levels to increase. This program which can fund throughout the US will also enhance Blue Star Machinery's business.
Bruce Barren, CEO of M Line, commented, "This is another example of our growth plans. This program will enhance our ability to sell equipment by offering a superior equipment financing program to our customers. It is particularly beneficial to the soon to be expanded machinery sales division and will help us gain a much greater revenue share of the pre-owned machine sales market. This Financing will have a non-dilutive effect to M Line Shareholders. This is the First of a Series of New Financing for M Line."
Tony Anish, COO of M Line, commented, "We have been working on a 'captive' leasing program for some time and are now delighted that we have signed the agreement with a local Financing Company to partner with them in this program. This will greatly enhance our ability to expand equipment revenue."
For more information on M Line see our web site at www.mlineholdings.com
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.
For further information contact
Tony Anish
tony@mlineholdings.com
(MORE TO FOLLOW) Dow Jones Newswires
This Will Have a Positive Material Impact on M Line's Revenue and Profitability and Its Prospective Acquisition, Blue Star Machinery
ANAHEIM, CA--(Marketwired - Oct 9, 2014) - M Line Holdings, Inc. (PINKSHEETS: MLHC) ("M Line" or the "Company"
is a leading manufacturer of products, assemblies 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" Machine Tool Equipment with key customers that include Panasonic Avionics, UTC Aerospace Systems, Beckman Coulter, BE Aerospace and a strategic alliance with Structural Integrity Engineering. M Line today announced that it has formed a new wholly owned subsidiary, ML Machinery Funding, Inc., to manage and fund all equipment sales for transactions involving customer financing. The profit share agreement results in all the credit checking, documentation and closing being handled by M Line's partners and the arranging of all bank lines for the program by our partners. M Line anticipates initial financing through its new subsidiary by mid October. Elite Machine Tool currently arranges funding for approximately 40% of its revenues. However, with the anticipated improved rates and capabilities M Line expects both revenues and funding levels to increase. This program which can fund throughout the US will also enhance Blue Star Machinery's business.
Bruce Barren, CEO of M Line, commented, "This is another example of our growth plans. This program will enhance our ability to sell equipment by offering a superior equipment financing program to our customers. It is particularly beneficial to the soon to be expanded machinery sales division and will help us gain a much greater revenue share of the pre-owned machine sales market. This Financing will have a non-dilutive effect to M Line Shareholders. This is the First of a Series of New Financing for M Line."
Tony Anish, COO of M Line, commented, "We have been working on a 'captive' leasing program for some time and are now delighted that we have signed the agreement with a local Financing Company to partner with them in this program. This will greatly enhance our ability to expand equipment revenue."
For more information on M Line see our web site at www.mlineholdings.com
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.
For further information contact
Tony Anish
tony@mlineholdings.com
(MORE TO FOLLOW) Dow Jones Newswires
