M Line Holdings, Inc. Closes Two Acquisitions Tue
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Posted On: 08/14/2018 8:33:36 AM
M Line Holdings, Inc. Closes Two Acquisitions
Tue, 14 Aug 2018 12:03 GMT | GlobeNewswire | Symbol: MLHC
M Line Completes the Purchase of The Caravel Group, LLC and Best Choice Food and Beverage, LLC
Costa Mesa, CA, Aug. 14, 2018 (GLOBE NEWSWIRE) -- M Line Holdings, Inc. (OTC Pink: MLHC; "M Line" or the “Company”), announces that it has completed the purchase of 55% ownership interest in The Caravel Group, LLC and Best Choice Food and Beverage, LLC. M Line has the option to purchase an additional 25% ownership interest in both companies in the future.
The Caravel Group, LLC (“Caravel”) is a “Better for You” beverage branding and distribution company. Although comparatively new, the Company is managed by Jake Nelson and John Giarrante, two industry veterans who bring a combined 35+ years’ experience in the beverage industry to the team. Their innovative ideas, trend forward thinking and relationships in all channels of the beverage business have them poised for great success. The first orders that will be shipped in the next few weeks are being exported to their distributor partner in Mexico. Mexico is a prime market for Better for you Beverages. This will be a very lucrative market for Caravel. In the US we will be shipping to some of the largest retailers in multiple channels including grocery, big box and convenience stores. Caravel’s first two drinks are Vea® Proactive Hydration and Vea® Caffeinated Sparkling Water. Both beverages come in multiple flavors and hit the bullseye in the key attributes of successful “Better for You” Beverages Function, Taste and Price. Caravel’s innovative team will be introducing many more exciting products in the “Better For You “ beverage space in the near future.
Best Choice Food and Beverage is a food and beverage distributing company located in and covering the Florida market. Russ Rickon is another industry veteran who brings experience, contacts and a growing business to M Line. Best Choice will supply Caravel’s products in the Florida marketplace. In addition to distribution, Best Choice will provide substantial test marketing on Caravel’s new product line, prior to a national launch. Florida is an excellent test market for these new products.
The purchase price for our 55% of the Caravel Group is $400,000 made up of shares and a note for cash. The cash portion is $100,000 paid over an eight month period. The stock is 1000 C preferred stock that can convert into shares based on a .00041 initial price on the common stock with an anti-dilution clause relating to 30% of the common stock. The preferred stock cannot be converted for 12 months.
The purchase price for our 55% of Best Choice Food and Beverage, LLC is $250,000 made up of shares and a note for cash. The cash portion is $50,000 and is paid over an eight month period. The stock is 1000 E Preferred Stock that can convert into shares based on a .000385 initial price on the common stock with an anti-dilution clause on 22% of the common stock. The preferred stock cannot be converted for twelve months.
Tony Anish, CEO of M Line, stated: “I am delighted that we have been able to close these two acquisitions. I believe this is a new chapter in the progression and growth of M Line. The beverage and distribution business is growing year over year particularly in the “Better for You” section of the industry. The synergies between Caravel and Best Choice are really significant in this new division. Best Choice’s ability to test market products in Florida adds a significant benefit to the group. Our near future plans include the acquisition of other companies and products in this and other segments of the Beverage branding and distribution industry. At last, I feel we will be able to achieve our commitment to our shareholders of improved shareholder value. Stay tuned for more news.”
About M Line Holdings, Inc.
M Line has historically been a holding Company with subsidiaries involved in the aerospace industry and business financing. However, in the future, the Company’s subsidiaries will be in the beverage branding and distribution industry as well as the Food and Beverage distributing business. In addition, M Line will continue with its business financing activities and will continue to look for other opportunities in the Beverage and Distribution as well as other industries that make sense to management.
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
Follow us on Twitter: @mlinehc
Web site: www.mlinehc.com (under construction)
Caravel Web site: http://www.drinkvea.com
Tue, 14 Aug 2018 12:03 GMT | GlobeNewswire | Symbol: MLHC
M Line Completes the Purchase of The Caravel Group, LLC and Best Choice Food and Beverage, LLC
Costa Mesa, CA, Aug. 14, 2018 (GLOBE NEWSWIRE) -- M Line Holdings, Inc. (OTC Pink: MLHC; "M Line" or the “Company”), announces that it has completed the purchase of 55% ownership interest in The Caravel Group, LLC and Best Choice Food and Beverage, LLC. M Line has the option to purchase an additional 25% ownership interest in both companies in the future.
The Caravel Group, LLC (“Caravel”) is a “Better for You” beverage branding and distribution company. Although comparatively new, the Company is managed by Jake Nelson and John Giarrante, two industry veterans who bring a combined 35+ years’ experience in the beverage industry to the team. Their innovative ideas, trend forward thinking and relationships in all channels of the beverage business have them poised for great success. The first orders that will be shipped in the next few weeks are being exported to their distributor partner in Mexico. Mexico is a prime market for Better for you Beverages. This will be a very lucrative market for Caravel. In the US we will be shipping to some of the largest retailers in multiple channels including grocery, big box and convenience stores. Caravel’s first two drinks are Vea® Proactive Hydration and Vea® Caffeinated Sparkling Water. Both beverages come in multiple flavors and hit the bullseye in the key attributes of successful “Better for You” Beverages Function, Taste and Price. Caravel’s innovative team will be introducing many more exciting products in the “Better For You “ beverage space in the near future.
Best Choice Food and Beverage is a food and beverage distributing company located in and covering the Florida market. Russ Rickon is another industry veteran who brings experience, contacts and a growing business to M Line. Best Choice will supply Caravel’s products in the Florida marketplace. In addition to distribution, Best Choice will provide substantial test marketing on Caravel’s new product line, prior to a national launch. Florida is an excellent test market for these new products.
The purchase price for our 55% of the Caravel Group is $400,000 made up of shares and a note for cash. The cash portion is $100,000 paid over an eight month period. The stock is 1000 C preferred stock that can convert into shares based on a .00041 initial price on the common stock with an anti-dilution clause relating to 30% of the common stock. The preferred stock cannot be converted for 12 months.
The purchase price for our 55% of Best Choice Food and Beverage, LLC is $250,000 made up of shares and a note for cash. The cash portion is $50,000 and is paid over an eight month period. The stock is 1000 E Preferred Stock that can convert into shares based on a .000385 initial price on the common stock with an anti-dilution clause on 22% of the common stock. The preferred stock cannot be converted for twelve months.
Tony Anish, CEO of M Line, stated: “I am delighted that we have been able to close these two acquisitions. I believe this is a new chapter in the progression and growth of M Line. The beverage and distribution business is growing year over year particularly in the “Better for You” section of the industry. The synergies between Caravel and Best Choice are really significant in this new division. Best Choice’s ability to test market products in Florida adds a significant benefit to the group. Our near future plans include the acquisition of other companies and products in this and other segments of the Beverage branding and distribution industry. At last, I feel we will be able to achieve our commitment to our shareholders of improved shareholder value. Stay tuned for more news.”
About M Line Holdings, Inc.
M Line has historically been a holding Company with subsidiaries involved in the aerospace industry and business financing. However, in the future, the Company’s subsidiaries will be in the beverage branding and distribution industry as well as the Food and Beverage distributing business. In addition, M Line will continue with its business financing activities and will continue to look for other opportunities in the Beverage and Distribution as well as other industries that make sense to management.
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
Follow us on Twitter: @mlinehc
Web site: www.mlinehc.com (under construction)
Caravel Web site: http://www.drinkvea.com
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