TUSTIN, Calif., June 9, 2014 (GLOBE NEWSWIRE) -- 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 it has finalized terms on a new facility for the Head Office and manufacturing division in Anaheim California. This facility will save the Company close to $200,000 per year in rent alone due to the efficient use of productive space, and other savings. The facility also has expansion capabilities to accommodate our acquisition program.
Bruce Barren, CEO of M Line, further adds: "We have a very defined agenda to cause increased shareholder value. This is another step in our development. It will further help us in our acquisition program whereby we intend to bring several of these prospective targets in house, adding some $15 million dollars in new revenue and $3 million in EBITDA."
Tony Anish, COO of M Line, commented: "One of our objectives has been to reduce manufacturing costs to make M Line even more competitive in the marketplace by lowering overhead costs. This is in line with our objective: to increase revenues, manage and cut operating costs with the result being increase profitability which is our focus for added shareholder value."
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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CONTACT: Investor Relations: Howard Gostrand email@example.com 305.918.7000Source:M Line Holdings, Inc.