Enjoying family time and....DD on stocks....
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Yup, history tends to repeat itself! SWET SHOULD RUN BIG!
I'm speculating that Malone Baily is still on board! I sure hope so! They are VERY well respected! MLHC (8
Lol...Ty for the laugh! Let me know where the MLHC campfire celebration is....I might show up with marshmallows!
Yes they sure do! MLHC WILL RISE LIKE THE PHOENIX! (8
MLHC nice gain on low volume....tic...toc...(8 Have a GREAT AND SAFE HOLIDAY! (8
Yup! I am with you Axel, GREAT UPDATE! I also understand the frustration mentioned in several posts. For MANY this has been a long arduous journey! ....and the closer we get to anticipated success...the more the tension and fear can build....That's what getting in at the bottom as a "grassroots" type "investor" looks like as we didn't buy shares after huge success...we bought before..."speculating" that success will come to fruition! JMHO I am still 100%confident that....when the pipeline OPENS .....IT WILL "FLOETH OVER!"....and continue flowing over for a long time.....I DON'T KNOW FOR SURE...BUT, Yes, my cup is still half full as MLHC is a risk I'm willing to take based on my own DD and my own opinion and I plan to continue buying more! GLTA AIMHO
M Line Extends Closing Date for the Acquisition of BlueStar Machinery, Inc.
Accesswire
58 minutes ago
Closing Date Set to tie in with New Financing
ANAHEIM, CA / ACCESSWIRE / May 19, 2015 / M Line Holdings, Inc. (MLHC) ("M Line" or the "Company"), has extended its close date for the first acquisition. The date will tie in with the closing date of the Company's new financing.
The Company's concentration has been to finish the audit of the 10-K and complete the final round of financing. This has resulted in a slight delay in closing the BlueStar acquisition. Our focus is to complete the various SEC filings with the intent to restore our OTC QB listing.
Bruce Barren, CEO of M Line, commented: "We are pushing forward as fast as possible but with limited resources we were unable to complete everything in a timely manner, but we are still on track to close BlueStar and complete our SEC reporting requirements."
Tony Anish, COO of M Line, further stated: "We are very close to completing the audit of our June 2014 10-K and the three remaining outstanding 10-Q's will follow very quickly. We have had to place our emphasis on becoming current in our filings and fully reporting again in order to regain Shareholder Value. Furthermore, we are negotiating the restructure of our asset based financing on a non dilutive basis."
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.
For more information on M Line see our web site at www.mlineholdings.com.
Safe Harbor and Informational Statement
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.
The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intend to identify forward-looking statements. Investors are cautioned that any such forward-looking statement are not a guarantee of future of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking.
For More Information:
Contact:
Tony Anish
tony@mlineholdings.com
SOURCE: M Line Holdings, Inc.
I'll agree that we shoud see MLHC at a penny this year! I can also understand skepticism carrying over from last year. The closing was scheduled for Friday, perhaps it moved to a new day or a new day is in the process of being "figured out". I'm sure they will either announce it or set a new date, in a reasonable and timely manner. As far a RS....WE ARE UP AND HOLDING 300-450%! That would indicate recovery, NOT RS....IMO GLTA AIMHO
Once this fins are back from auditors final.....and MLHC IS FULLY REPORTING....THE COURSE CORRECTION WILL BE..."FULL STEAM AHEAD"! AIMHO GLTA
Thank you for sharing the email! That's almost verbatim the conversation I had with him on the phone...I agree that he is telling the truth! I truly think that the ship is almost TOTALLY on course and the acceleration of PPS will surprise many! It's clear that we have some tight fisted traders....that's one ingredient to epic runs! The other ingredients seem to be being added to the mix! HOLD TIGHT AND WATCH THE FLIGHT! AIMHO GLTA
MLHC HAS NOT diluted in about 7 months....has ABL....AND WILL NOT BE diluting.....watch.....for the TRUTH!!!!!! GLTA AIMHO
She sure is!..MLHC ABOUT TO ROCK...and for a DARN GOOD REASON...VFIN AT $2000 with only 1 share.....JOKE...lol.....sure hope that one sells where it is.....lol....MLHC NO DILUTION WORRIES BECAUSE OF ABL.....NO DUMPING INTO THE RUN....GOLDEN CROSS AND BLUE SKIES ahead....keep it thin to win! GIDDY UP GO! GLTA AIMHO
Yup! Going to get VERY INTERESTING...LIKE the 2,000,000 share buy at .0009 with only 908,300 at .0009 on the ASK...and the ASK WAS UNCHANGED! Hhhhhhmmmmmmm......VERY INTERESTING....OOOHHHHHH WELL ....with an AQUISITION, ABL, and NO dilution......KABOOOOOM! GLTA AIMHO
Yes, we could! I think the break is upon us! We have heard nothing of a new closing date...so we can figure ALL SYSTEMS GO.....I WOULD VENTURE TO SPECULATE by MONDAY, we SHOULD Have "PROOF IN THE PUDDIN", if we don't have a reschedule!.........as long as MANY of us have waited....we really do, deserve a break....a HUGE BREAK! Glad to have your positive support here! (8
HOLDING TIGHT AND WATCHING FOR MLHC FLIGHT!!!!!!!
ACTUALLY!, BRUCE was only there for a BREIF PERIOD OF TIME....AND if my novice chart reading skills were CORRECT!, they had a great run under his tenure! DD PAYS OFF....IT ALLOWS ONE TO DISCERN REAL FROM NON-REAL INFORMATION!
Yes! A great start for MLHC and shareholders! LOOKING FORWARD TO SEEING THE AQUISITION CLOSING PR!....followed by more closings! This has been long awaited by the patient! I'm sure PPS will respond NICELY! GLTA AIMHO
MLHC HOLDING NICELY, HOPEFULLY WE GET CONFIRMATION OF FRIDAY CLOSING ON FRIDAY!!!!!! GLTA AIMHO
Your very welcome! 5 more days until the first AQUISITION of the year is scheduled to take place! These next 2 weeks could be very interesting...especially with anticipated...ABL and NO DILUTION GLTA AIMHO
M Line Signs Final Agreements with Its First Acquisition, BlueStar Machinery, Inc.
Accesswire
Apr 22, 2015 8:30 AM
Closing Date Set for May 15, 2015
ANAHEIM, CA / ACCESSWIRE / April 22, 2015 / M Line Holdings, Inc. (PINKSHEETS:MLHC "M Line" or the "Company"), is pleased to announce that it has completed another step in our 12 step re-organization plan that was announced in March.
This first acquisition involves the purchase of 100% of BlueStar Machinery, Inc. ("BlueStar") which will have the effect of an increase in excess of $8 million in annual revenues and approximately $750,000 EBITDA. It will further cause some $800,000 in additional savings at our Elite division by certain employee reductions and intended consolidation of facilities.
The purchase price for BlueStar is 3,300,000 shares at a value of 10 cents per share plus we will be refinancing its operating assets and providing new financing for the purchase of additional inventory of CNC machinery.
Bruce Barren, CEO of M Line, commented, "We are pleased to announce that Sean Johnson will become the President of our Elite division as well as continuing as President of BlueStar. This is just another step in the implementation of our 12 step program to enhance shareholder value."
Adding to the above, Tony Anish, COO of M Line, further stated, "We have made considerable progress in the audit of our June 10-K and are also working on completing all three outstanding 10-Q's so that the Company can, as soon as possible, become current in its filings and fully reporting again."
Bruce and Tony further commented that, "The recovery plan to date has been extremely difficult and has taken longer than expected, but we now feel that the hard work over the last year or so has begun to pay-off and the improvements are now back on target. We should be able to show the impact of the hard work by all our team and attain increased shareholder value in the near future."
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.
For more information on M Line see our web site at www.mlineholdings.com.
Safe Harbor and Informational Statement
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.
The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intend to identify forward-looking statements. Investors are cautioned that any such forward-looking statement are not a guarantee of future of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking.
For More Information:
Contact:
Tony Anish
tony@mlineholdings.com
SOURCE: M Line Holdings, Inc.
MLHC WILL DO MORE THAN SURVIVE...SHE WILL THRIVE AGAIN! AIMHO GLTA
Looks like ALOT OF HOLDING TIGHT AND WAITING FOR FLIGHT! Great job MLHCers! AQUISITION CLOSING SOON! Updating OTC is one more bit of proof the MLHC RECOVERY TEAM IS WORKING DILIGENTLY TO ACCELERATE THE PPS! (One step at a time!)
8) MLHC WILL SEE MORE RECOVERY! GLTA AIMHO
YUP! .....and we will be FULLY REPORTING...AND CURRENT SOON! (8 Could get VERY interesting around here!! GLTA AIMHO
MLHC...about to be fully reporting, current, and has 6 AQUISITIONS in pipeline with ABL...yes ABL...NO DILUTION...GOING TO the BIG LEAGUE!! CLosing date of first AQUISITION this year May 15th! NO DILUTION IN APPROX 7 months...NONE ANTICIPATED!!!!!! Could be the next NTEK with this type of setup! I've been saying since .0002 seen .0011 and holding .0009 nicely! NUFF SAID! (8 GLTA AIMHO
Thank you for pointing it out! MLHC ALMOST READY!!!!!! Congrats to the MLHC traders that had the courage to hold and buy during the tough times! I think the GREEN WILL FLOWETH OVER for those of us that are patient and holding/buying! GLTA AIMHO
yup! Great pep talk! I understand how frustrating it can be...but...were growing organically....NO P N D....,, no promos, and real organic growth! we move up slower but hold some of the gains each time we move up...With the AQUISITION ACTUALLY having a closing date, and fins on the way(good or bad) we will be fully reporting soon, and can continue with the other AQUISITIONS in a timely manner, and we're actually getting a newsletter....REAL TURNAROUND....AND NO DILUTION GOING ON 7 months.....frustrating or not...IM HOLDING TIGHT AND ENJOYING THE FLIGHT! GREAT JOB MLHC RECOVERY TEAM!
I would speculate that the MLHC shareholder letter will come out after the fins and aquisition...also holding. GLTA AIMHO
MLHC closing the 1st AQUISITION of the year, without dilution, should earn them credibility in many places and with many traders. (8
29) NOTE: the date...STILL IN EFFECT AND NON-DILUTIVE
March 26, 2014 08:35 ET | Source: M Line Holdings, Inc.
TUSTIN, Calif., March 26, 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, announced today it has signed two investment banking agreements with a leading New York-based investment banking firm to assist in acquisition financing and public offering.
The investment banking firm, founded in 1925, is one of the oldest in the United States, a member of the New York Stock Exchange and a full-service broker-dealer employing over 500 people. The firm manages two Morningstar-rated mutual funds, with five offices throughout the country, over 70 retail brokers, over 10 research analysts and a pair of institutional desks trading for 800 institutional clients throughout the world.
Under the first Agreement, the Company has retained the investment banking firm as its exclusive placement agent and financial advisor in connection with acquisition financing of up to $30,000,000 in debt. The Company must meet various terms and conditions, which it believes are reasonable and attainable in due course of business of this type.
The second Agreement is a $30,000,000 firm commitment underwritten public offering on a major exchange (AMEX or NASDAQ) represented by the investment banking firm. The planned public offering is subject to the Company's successful auditing and acquisition of its current target businesses.
In a joint statement, Bruce Barren, CEO and Tony Anish, COO, stated, "We are very pleased to establish this relationship with such a prestigious New York Stock Exchange member firm, which confirms and validates our Business Plan. We expect the assistance of this well established investment banker to accelerate our growth strategy through acquisitions and with their assistance, move to NASDAQ or AMEX. We have launched an aggressive acquisition program, including 6 defined prospective candidates, with our internal due diligence completed on some and beginning on several new acquisition targets. Our management believes we can satisfy the conditions in both investment banking agreements and continue our new journey as a Public Holding Company. The utilization of this financing will allow us to save considerable dilution without giving up control and concurrently build increased 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 and BE Aerospace as well as our new relationship with SIE (Structural Integrity Engineering, Inc.). The Company is headquartered in Tustin, California. For more information see our website at http://www.mlineholdings.com/
COMMUNICATION:
Please send us your E mail address by communicating with shareholder@mlineholdings.com to receive press and other releases directly to your E mail address.
Safe Harbor and Informational Statement
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.
The words "may", "would", "will", "expect", "estimate", "anticipate", "believe", "intend", and similar expressions and variations thereof are intend to identify forward-looking statements. Investors are cautioned that any such forward-looking statement are not a guarantee of future of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those pro
28) PLEASE NOTE THE DATE.....TUSTIN, Calif., March 26, 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, announced today it has signed two investment banking agreements with a leading New York-based investment banking firm to assist in acquisition financing and public offering.
The investment banking firm, founded in 1925, is one of the oldest in the United States, a member of the New York Stock Exchange and a full-service broker-dealer employing over 500 people. The firm manages two Morningstar-rated mutual funds, with five offices throughout the country, over 70 retail brokers, over 10 research analysts and a pair of institutional desks trading for 800 institutional clients throughout the world.
Under the first Agreement, the Company has retained the investment banking firm as its exclusive placement agent and financial advisor in connection with acquisition financing of up to $30,000,000 in debt. The Company must meet various terms and conditions, which it believes are reasonable and attainable in due course of business of this type.
The second Agreement is a $30,000,000 firm commitment underwritten public offering on a major exchange (AMEX or NASDAQ) represented by the investment banking firm. The planned public offering is subject to the Company's successful auditing and acquisition of its current target businesses.
In a joint statement, Bruce Barren, CEO and Tony Anish, COO, stated, "We are very pleased to establish this relationship with such a prestigious New York Stock Exchange member firm, which confirms and validates our Business Plan. We expect the assistance of this well established investment banker to accelerate our growth strategy through acquisitions and with their assistance, move to NASDAQ or AMEX. We have launched an aggressive acquisition program, including 6 defined prospective candidates, with our internal due diligence completed on some and beginning on several new acquisition targets. Our management believes we can satisfy the conditions in both investment banking agreements and continue our new journey as a Public Holding Company. The utilization of this financing will allow us to save considerable dilution without giving up control and concurrently build increased 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 and BE Aerospace as well as our new relationship with SIE (Structural Integrity Engineering, Inc.). The Company is headquartered in Tustin, California. For more information see our website at http://www.mlineholdings.com/
COMMUNICATION:
Please send us your E mail address by communicating with shareholder@mlineholdings.com to receive press and other releases directly to your E mail address.
Safe Harbor and Informational Statement
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.
The words "may", "would", "will", "expect", "estimate", "anticipate", "believe", "intend", and similar expressions and variations thereof are intend to identify forward-looking statements. Investors are cautioned that any such forward-looking statement are not a guarantee of future of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's statements and reports filed with the OTC Markets. The Company claims the safe harbor provided by Section 21E(c) of the Exchange Act for all forward-looking statements.
- See more at: http://globenewswire.com/news-release/2014/03/26/621494/10074075/en/M-Line-Holdings-Inc-Announces-30-000-000-Investment-Banking-Agreements.html#sthash.naWhrt6e.dpuf
27) Sales in the nine month period ended March 31, 2014 increased 25.39% compared to the nine month period ended March 31, 2013.
The change is attributable to an increase in sales in the Machine Sales Group. Sales increased by 48.73% in the Machine Sales Group and decreased by 6.47% in the Precision Manufacturing Group.
Our Machine Sales Group primarily sells pre-owned CNC machinery manufactured by Mori Seiki. The average sale price of the machinery changes based on the equipment that is available to purchase in the market place and the prevailing market conditions that affect the price that equipment can be sold for. The average sale price of the 105 pieces of equipment sold in the nine months ended March 31, 2014 was $51,373 compared to the comparable period in fiscal 2013 of 58 pieces of equipment sold at an average sale price of $62,347. In addition, service work for the nine months ended March 31, 2014 was $232,709 compared to the comparable period in fiscal 2013 of $48,131.
Market conditions reflect not only the price that equipment can be purchased for but also the price at which that equipment may be sold. During good economic times when the business climate is improving, particularly in areas such as aerospace, the demand for equipment can result in a change in the purchase price. However, the need for that equipment by customers is generally reflected in the sale price. Therefore, as a general rule margins are reasonably consistent even though average sale prices may change. As a result, we do not expect future results to be materially impacted by these conditions.
The decrease in sales in the Precision Manufacturing Group is the result of a net decrease of $184,545 in sales of precision metal component parts from Goodrich Aerostructures in the nine months ended March 31, 2014.
Gross Margin
Gross profit increased by 73.66% in fiscal period ended March 31, 2014 compared to the comparable period in fiscal 2013. The gross profit for the Machine Sales Group increased by 107.54% due to an increase in the volume of machines sold during this nine month period. The increase within the Precision Manufacturing Group of 45.46% resulted from lower costs of goods sold as a result of an improvement in work flow in the scheduling of work in the factory. Management had recognized this weakness previously and has corrected it, thereby achieving greater productivity in the production area.
Selling, General & Administrative
Selling, general and administrative costs decreased by $836,218 to $1,875,106 for the nine month period ended March 31, 2014 compared to $2,711,324 for the nine months ended March 31, 2013. The change is primarily due to the write back of the overprovision for rent expense and a reduction of legal and professional expenses due to lower costs for investor relations and financing costs.
26) STILL IN THE PIPELINE!
M Line Holdings, Inc. Signs Letter of Intent With The Byran Company, Inc.
This Acquisition Plus the Prior Announced Blue Star Machinery Will Bring M Line's Revenue to In Excess of $25M, With an EBITDA Expected to Be $5M +
Marketwired
ANAHEIM, CA--(Marketwired - Oct 16, 2014) - M Line Holdings, Inc. (PINKSHEETS: MLHC) ("M Line" or the "Company" today announced that it has signed a letter of intent with the principals of The Byran Company, Inc. ("Byran". Byran is located in Huntington Beach and has been in business since 1986. Byran is a machine tool shop specializing in complex engineered precision metal parts for the aerospace plus medical industries and will complement M Line's Precision division. With Byran, M Line will have some 110 CNC machines, making M Line and important factor in this segment of its industry.
The cost of the Byran transaction will be approximately $5,100,000 depending on the value of inventory and receivables on the closing date. M Line will, at close, pay $3.1 million with the principals of Byran carrying $2.1 million payable over 5 years at 4% interest, payments commencing three months after close. Mr. Kelly Dunagan will sign a 9 month employment contract after which he will be available on a consulting basis as needed.
Bruce Barren, CEO of M Line, commented, "We continue to fulfill our commitments to our shareholders to build the New M Line through internal growth and acquisitions. We are beginning to build momentum and we have additional planned acquisition targets. Your Management determination continues to make M Line a success through acquisitions and the ability to expand our customer base, thus adding shareholder value with as minimal dilutive effect to shareholder ownership. M Line continues with its forward momentum objectives."
Tony Anish, COO of M Line, stated, "Our vision has been to expand both the machine sales and precision parts divisions. The acquisition of Blue Star Machinery is just another step forward. Blue Star gives us a Midwest presence which will provide us with freight savings and an improved customer base. In the near future we plan to either add or open an East Coast location giving our group the ability to cover the whole US. Through Byran we gain further momentum for the acquisition of similar size machine tool shops. Byran adds enormous potential for growth within the aerospace plus medical industries and will complement our existing customer base. We are going to accelerate our resources to bring M Line as quickly as possible to the $50 million revenue."
About M Line Holdings, Inc.
M Line is a leading manufacturer 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.
For more information on M Line see our web site at www.mlineholdings.com
Safe Harbor and Informational Statement
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.
The words "may", "would", "will", "expect", "estimate", "anticipate", "believe", "intend", and similar expressions and variations thereof are intend to identify forward-looking statements. Investors are cautioned that any such forward-looking statement are not a guarantee of future of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's statements and reports filed with the OTC Markets. The Company claims the safe harbor provided by Section 21E(c) of the Exchange Act for all forward-looking statements.
Contact:
For further information contact
Tony Anish
tony@mlineholdings.com
25) M Line Holdings, Inc. Forms Lease Financing Subsidiary
This Will Have a Positive Material Impact on M Line's Revenue and Profitability and Its Prospective Acquisition, Blue Star Machinery
ANAHEIM, CA--(Marketwired - Oct 9, 2014) - M Line Holdings, Inc. (PINKSHEETS: MLHC) ("M Line" or the "Company" is a leading manufacturer 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.
M Line today announced that it has formed a new wholly owned subsidiary, ML Machinery Funding, Inc., to manage and fund all equipment sales for transactions involving customer financing. The profit share agreement results in all the credit checking, documentation and closing being handled by M Line's partners and the arranging of all bank lines for the program by our partners. M Line anticipates initial financing through its new subsidiary by mid October. Elite Machine Tool currently arranges funding for approximately 40% of its revenues. However, with the anticipated improved rates and capabilities M Line expects both revenues and funding levels to increase. This program which can fund throughout the US will also enhance Blue Star Machinery's business.
Bruce Barren, CEO of M Line, commented, "This is another example of our growth plans. This program will enhance our ability to sell equipment by offering a superior equipment financing program to our customers. It is particularly beneficial to the soon to be expanded machinery sales division and will help us gain a much greater revenue share of the pre-owned machine sales market. This Financing will have a non-dilutive effect to M Line Shareholders. This is the First of a Series of New Financing for M Line."
Tony Anish, COO of M Line, commented, "We have been working on a 'captive' leasing program for some time and are now delighted that we have signed the agreement with a local Financing Company to partner with them in this program. This will greatly enhance our ability to expand equipment revenue."
For more information on M Line see our web site at www.mlineholdings.com
Safe Harbor and Informational Statement
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.
The words "may", "would", "will", "expect", "estimate", "anticipate", "believe", "intend", and similar expressions and variations thereof are intend to identify forward-looking statements. Investors are cautioned that any such forward-looking statement are not a guarantee of future of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's statements and reports filed with the OTC Markets. The Company claims the safe harbor provided by Section 21E(c) of the Exchange Act for all forward-looking statements.
For further information contact
Tony Anish
tony@mlineholdings.com
(MORE TO FOLLOW) Dow Jones Newswires
24) QUOTE FROM THE ROCKMAN! "I personally like the $1.2 million in retired debt 2015. That's huge. Also no dilution in 2015. Like that one also! And like I said l, the organic, no promo move from .0002 to .0011 has been super nice. $MLHC = $$$$$$"
23) Ty ROCKMAN! Restored Profitability-3 quarters in a row
Through March 31, 2014 we are approximately $1.8 million ahead of the comparable period for last year.
Obtained a Commitment for Acquisition Financing
Despite our weak financial condition and tight cash flow we obtained a commitment in the sum of $30 million.
Improved and Strengthened Management
We added Bruce Barren to our management team as CEO and brought in our first totally independent Board Member, Percy Cerff.
Rejuvenated Old and Attracted New Customers
We have added five new customers and rejuvenated 4 old customers.
Accelerated Discussions with Three Prospective Acquisitions
These first three prospective acquisitions represent over $15 million of new revenue and $3 million of EBITDA.
Completed a Strategic Alliance to Expand Products and Services to the Aerospace Industry
This co-operation agreement with Structural Integrity Engineering, Inc., an aerospace based engineering company, will enhance both company's abilities and strengths to service the aerospace industry.
Expanded Production Capacity in our machine refurbishing and sale division
Increased the machine refurbishing and sales division's facility size by over 50% to meet growing demand.
With everything that has been done we are not satisfied and continue to look for more acquisition prospects while searching for better ways to manage M Line, reducing overheads and improving productivity.
22) TY ROCKMAN! 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 it's results for the nine month period ended March 31, 2014. Revenues increased to $8,453,085 almost $1.7 million more than the comparable period from last year. EBITDA improved by $2,030,957 an increase of over 200% compared to the prior period in 2013.
21) TY AGAIN ROCKMAN..."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."
20) ty ROCKMAN! Precision Aerospace & Technologies > Business Services > 3D Printing
3D Printing
3D printing or additive manufacturing is a process of making three dimensional solid objects from a digital file. The creation of a 3D printed object is achieved using additive processes. In an additive process an object is created by laying down successive layers of material until the entire object is created. Each of these layers can be seen as a thinly sliced horizontal cross-section of the eventual object.
It starts with making a virtual design of the part you want to create. This virtual design is made in a CAD (Computer Aided Design) file using a 3D modeling program.
To prepare the digital file created in a 3D modeling program for printing, the software slices the final model into hundreds or thousands of horizontal layers. When this prepared file is uploaded in the 3D printer, the printer creates the object layer by layer. The 3D printer reads every slice (or 2D image) and proceeds to create the object blending each layer together with no sign of the layering visible, resulting in one three dimensional object.
In order to fully support our customers Precision acquired and uses a 3 D printing machine.
Having this technology has given Precision an edge over its competitors as very few machine tool shops have acquired this technology.
19) ty again ROCKMAN! Precision is an ISO 9001 2008 Registered and AS 9100 Rev. C Registered full service machining company.
This AS 9100 International Standard for the aerospace industry specifies requirements for a quality management system where an organization needs to demonstrate its ability to consistently provide product that meets customer and applicable statutory and regulatory requirements, and aims to enhance customer satisfaction through the effective application of the system, including processes for continual improvement of the system and the assurance of conformity to customer and applicable statutory and regulatory requirements.
The current version of AS 9100 aligns the standard with ISO 9001:2008 and has extra requirements regarding Regulatory Compliance and the following aerospace-sector specific requirements:
Configuration management
Design phase, design verification, validation and testing processes
Reliability, maintainability and safety
Approval and review of subcontractor performance
Verification of purchased product
Product identification throughout the product’s life cycle
Product documentation
Control of production process changes
Control of production equipment, tools and numerical control machine programmes
Control of work performed outside the supplier’s facilities
Special processes
Inspection and testing procedures
Methods, resources and recording
Corrective action
Expansion of the internal audit requirements in ISO 9001:2008
First article inspection
Servicing, including collecting and analysing data, delivery, investigation and reporting and control of technical documentation