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Management Expects to Meet Profit Forecast for Fiscal 2014, Continues to Focus on Finalizing Acquisition Opportunities and Reduce Operating Costs to Improve EBITDA
Anaheim, Califrnia (PRWEB) August 18, 2014
M Line Holdings, Inc. (OTC PINK: MLHC; "M Line" or the "Company"), is a leading provider 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, today confirmed that it has completed its move to its new premises in Anaheim. Although the set-up of the facility took longer than expected, the Company will be back to full production by the end of next week and hopes to post pictures of the new facility on their website very shortly.
Bruce Barren, CEO of M Line, commented, We continue to exercise our Business Plan, closing in on the acquisitions and expanding our current business with new and enhancing existing customers. Although the move did put us behind in our implementation schedule, we will be announcing our preliminary results within two weeks and expect to meet our forecasts. It further appears that our actions are starting to be interpreted positively, given the fact that we traded 190 million shares yesterday, a company record.
Tony Anish, COO of M Line, stated, We continue to be excited by the progress we have made even though the move did slow us down but new orders are coming in and business from existing customers is growing. We expect 2015 Fiscal to be a strong year for the Company. Stay tuned as we reached our milestones in 2014 and expect further improvements to enhance shareholder value.
For more information on M Line 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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For more information contact us at info(at)mlineholdings(dot)com
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