TUSTIN, Calif., Oct. 2, 2013 (GLOBE NEWSWIRE) -- M Line Holdings, Inc. (OTCQB:MLHC) announces that it has received significant initial orders, one from a Fortune 500 company and the other from a supplier to Raytheon. Both customers have significant revenues within the aerospace sector and M Line expects to generate material revenues from these customers over the near future.
Bruce Barren, CEO stated, "Our sales and marketing team's objective is to expand our excellent customer base with two new customers that will have a material impact on our business and assure our determination to increase shareholder value."
Tony Anish, COO stated, "We continue to strive to achieve a larger customer base with less reliance on any one customer as has been our situation in the past."
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 and Beckman Coulter. The Company is headquartered in Tustin, California. For more information see our website at www.mlineholdings.com
Forward Looking Statements
This news release contains certain "forward- looking statements." Forward-looking statements are based on current expectations and assumptions and are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, and many of which are beyond the Company's control. The forward-looking statements are also identified through the use of words "believe," enable," "may," "will," "could," "intends," "estimate," "anticipate," "plan," "predict" "probable," "potential," "possible," "should," "continue," and other words of similar meaning. Actual results could differ materially from these forward-looking statements as a result of a number of risk factors detailed in the Company's periodic reports filed with the SEC. Given these risks and uncertainties, investors are cautioned not to place undue reliance on such forward-looking statements and no assurances can be given that such statements will be achieved.
CONTACT: Investor Relations: Tom Nelson Phone: 480-326-8577
Source:M Line Holdings, Inc.