Enjoying family time and....DD on stocks....
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
SDIG LOOKS GREAT! AIMHO GLTA
SO TRUE SOBLUE, GETTING RID OF TOXIC FINANCING! another GREAT move for the RECOVERY TEAM- MLHC! $$$$ AIMHO GLTA
I think your correct! BETS is HOT TO TROT! (8!
I like BLUE SKYS! (; NICE!
With ABL, MLHC would have NO NEED FOR TCA OR ASHER! (8.
MLHC UP 300-450% for the year and HOLDING GAINS! Lights are on AND SHINING BRIGHTLY AT MLHC! GREAT JOB MLHC RECOVERY TEAM! The volume at the bottom of the channel is tiny from (SKEEERED SELLERS-presumably) compared to the volume at the top of the channel! Looks like it's time to move up REAL soon, AGAIN! (8 AIMO GLTA
Never fails! It should absorb before the RUN! (8 AIMHO GLTA
Great morning! AMZZ LOOKIN GOOD! AIMHO GLTA
I have another theory....most of the float has been bought by longs that know positive updates are EMMINENT!....and aren't SKEEEERED into selling because MLHC has a few quiet hours or days! Next leg up, around the corner! AIMHO GLTA
Yes, BETS is almost ready to ROCK N ROLL! AIMHO GLTA
The stock BLEW UP from .0002 to the .0008-.0011 range! The love for what Tony has done in the last 5 months is GROWING IMMENSLY! My hat off to the MLHC RECOVERY CREW! Great job MLHC
BETS IS GETTING CLOSE, REAL CLOSE! AIMHO GLTA
Yes, I think about these FABRICATED allegations! I DD them TO BE CERTAIN and REALIZE THEY are FABRICATED AND UNREAL, THEN I THINK ABOUT ALL OF THE WASTED TIME it took to be CERTAIN they were rubbish!! Then I think about the 10 PLUS posts BELOW that are REAL DD AND AM GRATEFUL TO OWN STOCK IN MLHC AND REALIZE MLHC HAS REVENUE, ASSETS, A REAL PLAN, AND A SUCCESSFUL FUTURE! Then I'm grateful I was smart enough to NOT SELL OUT OF FALSE FEAR! AIMHO GLTA QED (8
M Line Holdings, Inc. Issues Preliminary Results for Fiscal 2014 Reflecting an EBITDA Improvement of $5,317,352
Marketwire via CMTX - Tue Sep 30, 7:31AM CDT
M Line Holdings, Inc. (PINKSHEETS: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.
M Line today announced its preliminary results for the year ended June 30, 2014. The preliminary results show revenues of $10,800,122 for Fiscal 2014 compared to $9,324,685 for Fiscal 2013 an improvement of almost 16%. The results reflect EBITDA of $1,706,243 compared to EBITDA of ($3,611,109) in Fiscal 2013 a massive improvement of $5,317,352. The final profit shows results of ($750,157) after taking into account non cash derivatives, non recurring costs and also reflecting additional costs that occurred since the year end relating to the settlement with TCA. These unusual and extraordinary costs total almost $2,000,000 and were not reflected in our original forecast nor were the costs associated with the move to our new facility. Further a capital commitment was not effected during this period which would have absorbed the added costs. Without these costs and the loss of the capital commitment we would have achieved our forecast.
M Line is also pleased to announce support from one of its key customers that is assisting M Line's cash flow by supplying some expensive raw materials. This shows the continuing commitment from M Line's customers.
Over the last few months some of the financing of the Company has been achieved using time convertible debt. This debt has unfortunately resulted in many more shares being issued than expected but is close to being complete. However, in order to satisfy the just concluded settlement agreement with TCA, M Line must refinance using time and price deferred convertible debt, on which it is currently working with several sources indicating positive interest. Although this strategy is necessary at this time, we expect a lesser effect on dilution and thus less pressure on the market capitalization value.
Because of the time involved in completing a settlement agreement with our current primary Lender, our acquisition strategy is taking a little longer than expected with the first closing imminent and negotiations on the next three acquisitions very close to completion. M Line will be a totally different Company during Fiscal 2015 with much greater revenues and EBITDA.
Bruce Barren, CEO of M Line, commented, "We are continuing to move forward with our Business Plan. Our preliminary results for Fiscal 2014 were very close to forecasts, a significant feat for our company when one takes into account the booked expense charges incurred with our current Primary Lender. Management has the same objective as you, our shareholders, in that we are continuing to formulate our growth with more plans for expansion during 2015 and to increase Shareholder Value. Stay Tuned."
Tony Anish, COO of M Line, commented, "We recognize the weak market cap of the Company. M Line has been in business for over 12 years and has lived through difficult financial times. This Board is leading the Company back to profitability and growth. Very few Companies of this size are able to arrange acquisition financing or to negotiate the transactions in the manner that we have and most of all we have done this with very little funding. Your Board will continue to improve Company revenues and profitability, increase market awareness and in so doing increase Shareholder Value. Keep watching our Company as we have barely started yet."
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
SOURCE: M Line Holdings, Inc.
(C) 2014 Marketwire L.P. All rights reserved.
Related Stocks
BEAV - BE Aerospace
Sym Last Chg Pct Volume
BEAV 62.90 +0.02 +0.03% 394,600
MLHC 0.0009 -0.0001 -10.00% 1,591,200
UAPC isn't thinkin about it doing it!, they are DOING IT! (8 !!!!!!
BETS LOOKING HOT TO TROT! Looks like she READY to move NORTH!!!!!!
Great DD GreenEquityPenny! Very nice! UAPC looks like she's made her reversal and HEADING NORTH! This one could get very interesting! AIMHO GLTA
UAPC BOUT TA RUN TEXAS STYLE! YEEEEEE HAAAAAAAWWWWW! (8. Lol AIMHO GLTA
UAPC STOCK HOLDERS, PUT ON YOUR SEATBELT! AIMHO GLTA
No dilution in 5 months is hardly dumping! We all know that dilution STOPPED ABOUT THE TIME TONY TOOK OVER! Hhhhmmmmmmmmm...ABL seems to be helping the PPS......TO THE TUNE OF 350-450% PRIOR TO the 4 eminent AQUISITIONS....GREAT JOB TO THE MLHC execs and RECOVERY PLAN! .....and for TRANSPARENCY....the share structure is NOW POSTED ON THE WEB-SITE...SAME share count AS 5 months ago......MLHC IS RIGHTING THE SHIP.....AS PROMISED! MLHC GREAT JOB THIS YEAR! HAPPY HOLIDAYS!
MLHC HAS NOT DILUTED IN ABOUT 5 months just for clarity and REALITY!! It appears they have ABL and WONT BE DILUTING for the 4 PENDING AQUISITIONS! MlLHC will be EPIC in 2015!
Your very welcome Keith! I do feel the the 8 posts below, pretty much sums up the REALITY here! AIMHO GLTA
Count me in! I'm thinking I better load! JK JK JK Lol AIMHO GLTA
This should be a GOOD WEEK for BETS AIMHO GLTA
No dilution in about 5 months! ASSET BASED LENDING COULD MEAN NO MORE TOXIC DILUTION WITH THE estimated (4) or MORE IMINENT AQUISITIONS! Up 350-450% this year! MLHC EPIC IN 2015!
M LINE HOLDINGS INC.
About us:
M Line currently operates through their two wholly owned subsidiaries, Precision Aerospace and Technologies, Inc. (formerly Eran Engineering, Inc.), (“Precision”) and E.M Tool Company, Inc. dba Elite Machine Tool Company, (Elite”). Elite operates out of a 15,000 square foot facility in Anaheim, California (soon to be increased to 21,000 square feet) providing services and products to the machine tool industry, including the sale of refurbished Computer Numerically Controlled (“CNC”) machines. Currently Elite has 10 employees, 5 mechanics and five office and sales staff. Precision manufactures precision metal components out of its 50,000 square foot facility in Tustin, California. The Company’s services and products are primarily marketed and sold to the commercial aviation, medical, oil and gas and defense industries. Currently the Company has 43 employees including 10 office and sales staff and 33 machinists, assembly personnel and quality assurance staff including the floor managers and programmers.
The CEO Bruce Baron Bruce 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.
Elite Machine Tool Company has provided sales and service and new and used machinery since 1990.
Websites
http://www.mlineholdings.com/
http://www.elitemachinetool.com/elite/
http://www.precisionaerotech.com/
Currently Panasonic is still Precision’s largest customer but now accounts for less than 50% of total revenues as business from other customers has increased. The company maintains considerable inventory, a high percentage to meet Panasonic’s order requirements.
$MLHC M Line Holdings 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. Bruce Barren, CEO of M Line, commented..."While we are concerned about the undervalued share price, we are confident that our market capitalization will rise substantially following the release of the 2014 results.”
http://www.mlineholdings.com/press_releases/m-line-holdings-inc-announces-final-results-for-the-nine-month-period-ended-march-31-2014-confirming-revenue-increase-of-25-over-the-comparable-period-in-2013/
MLHC..Managements recent accomplishments/execution
We have continued our negotiations with four prospective acquisitions. Final agreements are imminent.
~ Recent PR on 9/9/14 ~
M Line Holdings, Inc. Signs Definitive Agreement for Acquisition
Management Expects to Close the First Proposed Acquisition in September
Forecasting an Increase in Revenue of Approximately $9 Million and Over $1 Million in EBITDA Annually
M Line has today confirmed that it has signed its first definitive agreement for the acquisition of BlueStar Machinery, Inc. ("BlueStar"), a distributor of pre-owned CNC equipment based in Johnsburg, IL with a satellite facility in Colorado...This will save considerable freight charges...The business has steadily increased revenues achieving over $8 Million in the year ended 12/31/2013.
... Bruce Barren, CEO of M Line, commented, "This is the first step in significantly improving Group revenues and profitability. We anticipate announcing additional acquisitions very shortly. The promised growth has begun. Stay Tuned. Our focus is now to reflect this and other acquisitions into our growth strategy to significantly enhance Shareholder Value. We also want to thank our Shareholders for their support."
http://www.bluestarmachinery.com/
The purchase price of the Company is $333,000 payable with 3,330,000 shares of common stock valued at Ten (10) cents per share. In addition M Line will repay loans of $1,125,000 secured by BlueStar's equipment and other fixed assets. Sean Johnson will stay on as President with a three year employment contract.
Bruce Barren, CEO of M Line, commented, "This is the first step in significantly improving Group revenues and profitability. We anticipate announcing additional acquisitions very shortly. The promised growth has begun. Stay Tuned. Our focus is now to reflect this and other acquisitions into our growth strategy to significantly enhance Shareholder Value. We also want to thank our Shareholders for their support."
"With this first acquisition, we anticipate over $20 million revenues for fiscal 2015 and EBITDA of over $4 Million. This is just the first step in our expansion plans. More acquisitions are on our agenda."
BlueStar Machinery, Inc. is an Illinois Company that has been in business since 2001. The business has steadily increased revenues achieving over $8 Million in the year ended 12/31/2013. E.M. Tool Company has been doing business with BlueStar for many years. BlueStar buys, refurbishes and sells high end Japanese CNC equipment including manufactured by Mori Seiki and Okuma plus other machinery manufactured by Hurco, Kitamura, Fadal and Toshiba boring mills. BlueStar carries machinery inventory of approximately $1,500,000 at sale prices.
Next possible acquisition target below:
Noticed Cummins Areospace next door to the new facility and MLHC headquarters
http://cumminsaerospace.com/contact-us/
MLHC/Precision Areospace
http://usplaces.com/others/anaheim-ca/precision-aerospace-technologies-inc
Made a deeper connection between MLHC and Cummins Aerospace.
Both ship parts to UTC Aerospace Systems!! And may both be connected with Boeing
http://cumminsaerospace.com/product-line/
http://www.mlineholdings.com/company-profile/
"Precision has also established Business Partnership Agreements with EXMD Airframe (former Boeing Canada/Aero Mecachrome) and Fairtech Engineering in India. Precision is Certified to AS 9100 Rev C, is proficient with Boeing D1-4426 and complies with Boeing D6-51991"
M Line Key customers of our group include Panasonic Avionics, UTC Aerospace Systems, Beckman Coulter, BE Aerospace and SIE (Structural Integrity Engineering, Inc.)
http://2012ar.utc.com/highlights_aerospace.htm
There is a 3-D printer listed on Mlhc website. NASA did some research research on 3-D printers...you print 3D tools in space. Cummins Aerospace does ship parts to NASA!!
Connect the dots between the PR 6/24/14 and 8/18/14. Seems the move and pending acquisitions took longer than expected, but everything on track now!! A big 10-K coming and
acquisition news. Should move up nicely from here.
News 8/4/14 ASHER ENTERPRISES, INC. has 0 shares, no diluting from them
Amended Statement of Ownership (sc 13g/a)
http://ih.advfn.com/p.php?pid=nmona&article=63139256
M Line Back on Track with Its Recovery Plan
Accesswire
Mar 11, 2015 8:30 AM
????
Forward Movement Continues on the Audit, a New Funding Source and Acquisitions
ANAHEIM, CA / ACCESSWIRE / March 11, 2015 / M Line Holdings, Inc. (PINKSHEETS:MLHC "M Line" or the "Company"), is pleased to announce that its Recovery Plan is now back on target. Details of this Plan will be released shortly through a Shareholder Letter.
M Line is pleased to confirm that its auditors are now working as fast as possible to complete the 10-K and 10-Q's so that we will have all our filing current. In addition we are proceeding with an asset-based lending line of credit with another funding source that will start its due diligence process shortly. Presuming we are approved, this funding will pay off any remaining amount due our current lender and will give us room for growth.
The negotiations and documentation with our first acquisition is moving smoothly and we hope for further announcements regarding this acquisition shortly.
Bruce Barren, CEO of M Line, commented: "It was unfortunate that it took so long to resolve the issues with our current lender but with that behind us we have started to speed up our 12-Step Recovery Plan."
Tony Anish, COO of M Line, further stated that: "Management is now making some changes within the organization to accelerate the Group's effectiveness ahead of the introduction of the acquisitions. As more news becomes available, we will update shareholders."
About M Line Holdings, Inc.:
M Line Holdings, Inc. (PINKSHEETS: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.
M Line Holdings, Inc. Signs Final Documents with Current Lender
Accesswire
Feb 27, 2015 8:30 AM
????
M Line will now Proceed to Accelerate Shareholder Value
ANAHEIM, CA / ACCESSWIRE / February 27, 2015 / M Line Holdings, Inc. (MLHC) ("M Line" or the "Company"), is pleased to announce that it has signed final documents with its current lender that results in the current lender being repaid $1,200,000 of its outstanding loans over a an agreed period of time. This agreement paves the way for M Line to move forward on its second part of its refinancing.
Bruce Barren, CEO of M Line, commented, "We are pleased that we have, at last, finalized the first part of the financing necessary to repay our current lender. We can now concentrate on closing the second part of the refinancing."
Tony Anish, COO of M Line, further stated that, "The agreement with our current lender opens the way for the Company to start its growth curve, filing the outstanding financial statements and bringing additional working capital to M Line and definition to our Business Plan. Look out for more news very shortly."
About M Line Holdings, Inc.:
M Line Holdings, Inc. (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.
Contact:
Tony Anish
tony@mlineholdings.com
SOURCE: M Line Holdings, Inc.
M Line Holdings, Inc. and Current Lender Cooperating to Finalize Replacement Funding
Accesswire
Dec 9, 2014 11:30 AM
????
M Line Passes Its First AS 9100 Audit In Its New Facilities
ANAHEIM, CA / ACCESSWIRE / December 9, 2014 / M Line Holdings, Inc. (OTC Pink: MLHC "M Line" or the "Company"), is updating its Press Release dated November 25, 2014 regarding the refinance of its current lender. On December 3, 2014, M Line received the signed term sheet from its current lender for a payment of approximately 50% of the outstanding debt due the current lender. In order to pay the other 50% M Line is negotiating a second line of credit which would totally pay off its current lender. The current lender obtained a consent judgment as a result of M Line's default. As a part of the terms from the new lender the current lender cannot unreasonably withhold approval for any acquisitions by M Line and the current lender has no lien rights over the assets of the acquisition targets. With the sign-off from all parties on its Term Sheet dated November 24, 2014 M Line is now in a position to move forward in a positive and conclusionary manner.
M Line's current Line of Credit expired in April 2014 and the Board has been working hard to find the replacement facilities that suit the Company's anticipated growth. Our current lender has agreed to work closely with M Line to complete all its refinancing requirements. When M Line issued its prior Press Release it had not received the formal sign off of the financial Term Sheet from our current lender. We now have that formal approval.
Bruce Barren, CEO of M Line, commented: "We are pleased to report that a resolution between its current lender and M Line is on a cooperative path and we expect this refinancing can be brought to a successful conclusion. M Line can now continue on its path of recovery."
Tony Anish, COO of M Line, further stated that: "M Line last week passed its AS 9100 audit. This was the first audit since the move to our new manufacturing facility so we are delighted with the results."
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.
M Line Holdings, Inc. Signs Funding Proposal to Repay Current Lender
Accesswire
Nov 25, 2014 12:45 PM
????
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.
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.
Read carefully...looks like MLHC IS EXPECTED TO RUN HIGHER THAN .$.10!!!!! Financing Terms Agreed for the Acquisition of Blue Star and an Agreement in-Principle with a New Lender to Significantly Reduce the Amount due our Primary Lender.
Anaheim, CA / ACCESSWIRE / November 20, 2014 / M Line Holdings, Inc. (OTC Pink: MLHC "M Line" or the "Company"), is pleased to announce that it has finalized the financing for the acquisition of Blue Star Machinery. Although the purchase price was agreed as 3,330,000 shares of M line stock (based on a 10 cents market value) M Line also agreed to pay off all the debt secured by inventory and fixed assets and to provide working capital. These funds have now been secured. M Line expects to close on or before December 31, 2014.
Furthermore M Line has agreed terms in principle to refinance a significant portion of its primary lenders debt. This refinancing plus a new ABL credit facility on which M Line is still concluding is expected to be finalized before calendar year end. This will then clear the indebtedness obligation to our primary lender. Concurrently
the Company is putting significant resources to make sure our audit of our 10-K and 10-Q are completed as soon as possible.
Bruce Barren, CEO of M Line, commented: "These two milestones will have a significant effect on management's primary focus: the expansion of revenue and EBITDA through strategic acquisitions and the reduction of our capital cost. Both will have a positive effect on shareholder value and put us in a position to move forward with our growth plans for the Company. Our philosophy is to WIN. The Blue Star acquisition is only the first step to accelerate revenue and EBITDA by some $9 million and $1.5 million respectively. More acquisitions are targeted and we have already announced the second one which is on course to further expand our corporate values."
Tony Anish, COO of M Line, stated: "The final documents for the acquisition of Blue Star are close to being completed so the commitment for funding from our investment banking relationship (per our press release in ) is timely and will mean we can very shortly concentrate on closing The Byran Company, Inc the second acquisition previously announced. We are determined to accelerate revenue and EBITDA expansion so that we can gain a better interpretation in the market place of our corporate capabilities and performance. Our objectives continue to be capitalized maximization of the current positive direction of the aerospace industry, both in commercial and defense."
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 website 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
SOURCE: M Line Holdings, Inc.
I think once the floodgates (that are resting upon the foundation that has taken a year to build) open, we will have a STELLAR YEAR! Not quarter! JMHO GLTA
Yes, UAPC is a beauty and this is just when I like to buy, during the quiet period! COH, that's huge in the OTC! UAPC is way undervalued! AIMHO GLTA
Looks like she (UAPC) may MUCH further NORTH! Good move, GREAT CALL!
Yup! The way MLHC "things" went TODAY....you would have thought it was April fools! I'm sure Monday will be BETTER! All in all ONLY a bit under 2 million shares dumped was probably a good thing in the end! Shows WE AIN'T SKEERED! MLHC AIMHO GLTA
Yup! Today should be very quiet here! MLHC seems to have a nice setup! Can't wait to get those updates! AIMHO GLTA
So am I my freind! SO AM I! MLHC going to ROCK N ROLL! AIMHO GLTA
I didn't ask, but with websites, being changed! I think we're CLOSE! Tic toc MLHC gonna ROCK! Lol...
Yup! About 5 million shares into the hands of longs! I saw 1 million buy at 10 and 1 milillion go up at 11 right after! Hard to say about the rest! A little bit of consolidation and the longs have tight hands! A grip of STEEL , I TELL YA! AIMHO GLTA
I'm with you there, won't settle for beer money! MLHC GOING NORTH! AIMHO GLTA