***** $MLHC .0001 NEWS OUT *****
M Line Holdings, Inc. Signs Two Binding Letters of Intent
M Line is adding a “Better for You” Beverage Supplier and Food and beverage Distribution Division
Costa Mesa, CA, Aug. 02, 2018 (GLOBE NEWSWIRE) -- M Line Holdings, Inc. (OTC Pink: MLHC; "M Line" or the “Company”), announces that it has finalized terms and signed binding letters of Intent to Acquire two Companies, one in the “Better for You” Beverage Branding and distribution business and the other in the Beverage and Food Distribution business. The Company has already started the due diligence and expects to close these acquisitions early August.
“Better for You” beverages are defined by IRI as bottled water, juice drinks, sports drinks and teas and coffee drinks. “Better for You” Beverages have enjoyed a 24.5 % increase in dollar sales and 28.2% increase in unit sales over the 52 week period ending late 2017. This segment of the “Better for You” beverage space is expected to grow to $190 Billion by 2020.
Tony Anish, CEO of M Line, stated: “These two transactions are very exciting for us. We are acquiring 55% of two companies with options to acquire a further 25% in the future but most of all we are adding three industry veterans that have been involved in the business for many years. Their reputation in the industry is impeccable and we are expecting significant growth to the group through this division. More detail will be made available to our shareholders as soon as we complete the due diligence and sign the final purchase agreements. Stay tuned for more updates.”
About M Line Holdings, Inc.
M Line has historically been a holding Company with subsidiaries involved in the aerospace industry and business financing. In the future, the Company will continue with its business financing activities, continue to contemplate aerospace opportunities as well as introduce new businesses to the group.
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 more information contact Tony Anish
E Mail: info@mlineholdings.com
Source: M Line Holdings, Inc.
M Line Holdings, Inc. Signs Two Binding Letters of Intent
M Line is adding a “Better for You” Beverage Supplier and Food and beverage Distribution Division
Costa Mesa, CA, Aug. 02, 2018 (GLOBE NEWSWIRE) -- M Line Holdings, Inc. (OTC Pink: MLHC; "M Line" or the “Company”), announces that it has finalized terms and signed binding letters of Intent to Acquire two Companies, one in the “Better for You” Beverage Branding and distribution business and the other in the Beverage and Food Distribution business. The Company has already started the due diligence and expects to close these acquisitions early August.
“Better for You” beverages are defined by IRI as bottled water, juice drinks, sports drinks and teas and coffee drinks. “Better for You” Beverages have enjoyed a 24.5 % increase in dollar sales and 28.2% increase in unit sales over the 52 week period ending late 2017. This segment of the “Better for You” beverage space is expected to grow to $190 Billion by 2020.
Tony Anish, CEO of M Line, stated: “These two transactions are very exciting for us. We are acquiring 55% of two companies with options to acquire a further 25% in the future but most of all we are adding three industry veterans that have been involved in the business for many years. Their reputation in the industry is impeccable and we are expecting significant growth to the group through this division. More detail will be made available to our shareholders as soon as we complete the due diligence and sign the final purchase agreements. Stay tuned for more updates.”
About M Line Holdings, Inc.
M Line has historically been a holding Company with subsidiaries involved in the aerospace industry and business financing. In the future, the Company will continue with its business financing activities, continue to contemplate aerospace opportunities as well as introduce new businesses to the group.
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 more information contact Tony Anish
E Mail: info@mlineholdings.com
Source: M Line Holdings, Inc.
