TUSTIN, Calif., Aug. 8, 2013 (GLOBE NEWSWIRE) -- M Line Holdings, Inc. (OTCQB:MHLC) announced today that it has appointed Mr. Bruce Barren, an industry specialist with a proven track record, as its Chief Executive Officer effective immediately. Mr. George Colin will assume the new position as Chairman of the Board and will relinquish his position as CEO to Mr. Barren.
The appointment of Mr. Barren underscores the Company's ability to attract ever more qualified executives to accelerate the Company's growth.
"We are delighted to have such a person as Mr. Barren who has been working with us for the last several months join our executive team here at M Line. He brings to us specific industry knowledge and experience. Mr. Barren has helped us produce our new identity program with a focus on increasing shareholder value," says Anthony Anish, Chief Operating Officer and a Director of M Line.
Mr. Colin commented, "Now that the Company's fortunes have improved we were able to attract someone of Mr. Barren's caliber to lead the next phase of our business growth. I am excited to be able to turn the reins over to Mr. Barren with his 45 years of experience in our industry, which makes him an ideal choice for this position."
Mr. Barren stated, "When I took a close hard look at this Company and saw the progress it has made and its potential I became excited to join this management team. Together we will focus on expanding our management with additional qualified people who will focus on bringing the kind of results that will reflect in added value for our shareholders."
About Bruce Barren:
Mr. Barren has been involved in the aerospace industry for some 45 years working with companies that manufacture component parts and defense electronics, as well as airline reservation systems to pressurized rubber products. During his distinguished career his client involvements have included such companies as: Elastomeric Silicone Products, Inc. (pressured airplane interior parts – window and door seals); G.C. International's A.L. Johnson (parts manufacturer); Hydro-Mill Co. (fuselages and landing gears); Lorge Engineering, Inc. (forged parts); QSA Computers (reservation systems); Saab Scandia AB (aircraft manufacture, automobiles, and computers); SFS Industries, Inc, (rubber seals - aircraft).; Zwick Energy Research Organization, Inc. (de-icers); Airborne Product Support, Inc. (aircraft parts – wholesale) and The Mexmil Company (renamed: TMC Aerospace, Inc.: airplane interior products) plus Global E-Point, Inc. (commercial aircraft security systems). At Hydro-Mill, Mr. Barren was its Chief Executive Officer just prior to its sale.
About MLINE 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, 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 TEN Associates Phone: 480-326-8577
Source:M Line Holdings, Inc.