M Line Holdings, Inc. Enjoying Order Expansion Wit
Post# of 140
Posted On: 10/15/2014 1:50:40 PM
M Line Holdings, Inc. Enjoying Order Expansion With Key Customers Now That Its New Facility Is Close to Full Production Causing a 20% Reduction in Manufacturing Costs
ANAHEIM, CA, Oct 13, 2014 (Marketwired via COMTEX) --
M Line Holdings, Inc. (PINKSHEETS: MLHC) ("M Line" or the "Company"
announced that it has received significant orders from key customers. This validates its focused efforts to improve production quality and timeliness of delivery. Concurrently the move has allowed the Company to become more competitive in the marketplace as a result of a 20% reduction in manufacturing break even costs.
Bruce Barren, CEO of M Line, commented, "Our objective continues to be improved Shareholder Value -- concentrating on its long term buildup. Yes, the move was expensive, causing a reduction in short term revenues but putting us in a more competitive position. This allows us to gain a competitive advantage in the marketplace. M Line continues to search out new funding sources to replace its current primary lender and to meet current capital needs caused in part by sales growth. Many opportunities are beginning to present themselves to us and we anticipate closing at least one of these sources shortly."
Tony Anish, COO of M Line, further adds, "Transitionary capital is often difficult to find and we are trying to avoid dilution where possible. I can report we are in negotiation with multiple sources and are in the process of concluding several of these financings which will allow us to replace our current lender on less costly terms. At the same time it will allow us to meet our sales momentum."
About M Line Holdings, Inc.
M Line 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.
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
ANAHEIM, CA, Oct 13, 2014 (Marketwired via COMTEX) --
M Line Holdings, Inc. (PINKSHEETS: MLHC) ("M Line" or the "Company"
announced that it has received significant orders from key customers. This validates its focused efforts to improve production quality and timeliness of delivery. Concurrently the move has allowed the Company to become more competitive in the marketplace as a result of a 20% reduction in manufacturing break even costs. Bruce Barren, CEO of M Line, commented, "Our objective continues to be improved Shareholder Value -- concentrating on its long term buildup. Yes, the move was expensive, causing a reduction in short term revenues but putting us in a more competitive position. This allows us to gain a competitive advantage in the marketplace. M Line continues to search out new funding sources to replace its current primary lender and to meet current capital needs caused in part by sales growth. Many opportunities are beginning to present themselves to us and we anticipate closing at least one of these sources shortly."
Tony Anish, COO of M Line, further adds, "Transitionary capital is often difficult to find and we are trying to avoid dilution where possible. I can report we are in negotiation with multiple sources and are in the process of concluding several of these financings which will allow us to replace our current lender on less costly terms. At the same time it will allow us to meet our sales momentum."
About M Line Holdings, Inc.
M Line 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. 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
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