TUSTIN, Calif., June 24, 2014 (GLOBE NEWSWIRE) -- M Line Holdings, Inc. (OTCQB: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 provided an update on the company's activities.
- We expect to be able to issue preliminary results in the next two weeks and anticipate meeting our 2014 forecasts.
- The move of our manufacturing arm is planned for next week. We will, as soon as possible, post pictures of our new state of the art facility on our web site.
- We have continued our negotiations with four prospective acquisitions. Final agreements are imminent.
- Business continues to improve with new long term contracts.
Bruce Barren, CEO of M Line, commented, "We will continue to work hard to produce results that will enhance shareholder value. We still have a great deal to do and will provide regular updates of our progress. We are proud of what our team has done in such a short period."
Tony Anish, COO of M Line, stated, "We continue to be excited by the progress we have made but we still have a long way to go. We firmly believe that fiscal 2014 results will help to restore our credibility which will positively impact our share price. We feel that this will indeed result in improved 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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CONTACT: Investor Relations: Howard Gostrand firstname.lastname@example.org 305.918.7000Source:M Line Holdings, Inc.