M Line Holdings, Inc. Issues "Positive" Third Quarter Preliminary Results for Nine Months Ended March 31, 2014
30 April 2014 - 10:35PM
M Line Holdings, Inc. (OTCQB:MLHC) ("M Line" or the "Company"), a
leading provider of products, assemblies and services to the
precision high tech segment of both the aerospace and medical
industries as well as a seller of high end pre-owned Japanese
Computer Numerically Controlled ("CNC") Equipment, today announced
that Company revenues continue to increase and are up 25% for the
nine months ended March 31, 2014 to $8,426,251 as compared to
$6,741,292 for the nine months ended March 31, 2013. Profits are
estimated to be $468,942 compared to a loss of $(1,357,501) for the
nine months ended March 31, 2013, representing a $1,826,443
improvement.
Bruce Barren, CEO of M Line, commented, "These results continue
to validate our turnaround. We are making good progress and expect
to make our profit forecast of $1,500,000. We continue to focus on
growing the business and building shareholder value."
Tony Anish, COO of M Line, added, "We have concentrated on
growing our business from both new and our current customers. The
impact of this is reflected in our continued positive results."
Anish continued, "Negotiations with prospective acquisitions are
ongoing and we hope to be able to finalize some of the negotiations
in the very near future."
About M Line Holdings, Inc.
M Line Holdings, Inc. (OTCQB:MLHC). M Line
provides products 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")
Equipment. Key customers of our group include Panasonic
Avionics, UTC Aerospace Systems, Beckman Coulter, BE
Aerospace and SIE (Structural Integrity
Engineering, Inc.). The Company is headquartered in
Tustin, California. For more information see our website at
http://www.mlineholdings.com/
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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.
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variations thereof are intended to identify forward-looking
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statement are not a guarantee 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
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claims the safe harbor provided by Section 21E(c) of the Exchange
Act for all forward-looking statements.
CONTACT: Investor Relations: Howard Gostrand
info@amcapventures.com
305.918.7000
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