$MLHC .0001 NEWS COSTA MESA, CA, Sept. 24,
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Posted On: 09/24/2018 11:19:40 AM
$MLHC .0001 NEWS
COSTA MESA, CA, Sept. 24, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – M Line Holdings, Inc. (OTC Pink: MLHC; "M Line" or the “Company”), a beverage brand and distribution company, announces that its subsidiary, the Caravel Group, has received orders from its Distributor in Mexico exceeding $370,000. The distributor, based on their forecasts, expects similar orders every 6 to 8 weeks, with considerable growth over the next twelve months.
Tony Anish, CEO of M Line, stated: “This is really exciting news as Jake Nelson the President of Caravel has had a long standing relationship, over many years, with the distributor and knows their capabilities. Sales to the big box retailers in the US will begin in 2019 while purchase orders from US distributors and smaller chains have already been received. We expect much more news about the orders and schedule of deliveries from those big box retailers later this year.”
Jake Nelson, President of Carvel, commented, “We are so excited about our relationship with M Line. The support we receive helps us focus on our core strengths which are the development and distribution of “Better for You” beverages internationally and in the US. Our relationship with our Mexican distributor goes back many years and we expect a continuing growth in business with them on both our current as well as new product lines.”
M Line is focusing on the rapidly growing “Better for You” beverage segment as consumers and industry players are choosing to focus on these categories. These products can carry higher margin and consumers are continuing to abandon the leading soft drinks for daily refreshment purposes.
About M Line Holdings, Inc.
M Line is a holding Company with subsidiaries involved in the Beverage Branding and Distribution industry as well as the Food and Beverage distribution business. In addition, M Line will continue with its business financing activities while looking for other opportunities in the Beverage and Distribution Industry as well as other prospects that may be synergistic with the new Corporate strategy.
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: www.drinkvea.comc
Source: M Line Holdings, Inc.
© 2018 GlobeNewswire, Inc.
COSTA MESA, CA, Sept. 24, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – M Line Holdings, Inc. (OTC Pink: MLHC; "M Line" or the “Company”), a beverage brand and distribution company, announces that its subsidiary, the Caravel Group, has received orders from its Distributor in Mexico exceeding $370,000. The distributor, based on their forecasts, expects similar orders every 6 to 8 weeks, with considerable growth over the next twelve months.
Tony Anish, CEO of M Line, stated: “This is really exciting news as Jake Nelson the President of Caravel has had a long standing relationship, over many years, with the distributor and knows their capabilities. Sales to the big box retailers in the US will begin in 2019 while purchase orders from US distributors and smaller chains have already been received. We expect much more news about the orders and schedule of deliveries from those big box retailers later this year.”
Jake Nelson, President of Carvel, commented, “We are so excited about our relationship with M Line. The support we receive helps us focus on our core strengths which are the development and distribution of “Better for You” beverages internationally and in the US. Our relationship with our Mexican distributor goes back many years and we expect a continuing growth in business with them on both our current as well as new product lines.”
M Line is focusing on the rapidly growing “Better for You” beverage segment as consumers and industry players are choosing to focus on these categories. These products can carry higher margin and consumers are continuing to abandon the leading soft drinks for daily refreshment purposes.
About M Line Holdings, Inc.
M Line is a holding Company with subsidiaries involved in the Beverage Branding and Distribution industry as well as the Food and Beverage distribution business. In addition, M Line will continue with its business financing activities while looking for other opportunities in the Beverage and Distribution Industry as well as other prospects that may be synergistic with the new Corporate strategy.
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: www.drinkvea.comc
Source: M Line Holdings, Inc.
© 2018 GlobeNewswire, Inc.
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