MLHC more news yesterday .0003
M Line Holdings, Inc. Signs Funding Proposal to Repay Current Lender
Nov 25, 2014 (ACCESSWIRE via COMTEX) -- Management Expects to Close the First Part of the Refinance of Current Lender in December and bring all SEC Filings up to Date
ANAHEIM, CA / ACCESSWIRE / November 25, 2014 / M Line Holdings, Inc. (OTC Pink: MLHC "M Line" or the "Company"), has today confirmed that it has signed a definitive term sheet with its current and new lender to refinance a significant portion of the current lender funding. M Line expects to finalize terms for the balance of the refinance over the next few days and will close both portions of the refinance in December. This will enable us to bring our SEC filings up to date.
Bruce Barren, CEO of M Line commented, "This is a major step forward as we are now able to bring in additional financing to support the growth of the Company. We are now on the way to building a strong company."
Tony Anish, COO of M Line further stated that, "We can now concentrate on closing the acquisitions. We will close Blue Star by the end of December and are working on final documents for the acquisition of the Byran Company, Inc."
About M Line Holdings, Inc.:
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.
