M Line Holdings Inc (MLHC)

[Gravity]

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 that it has finalized terms on a new facility for the Head Office and manufacturing division in Anaheim California. This facility will save the Company close to $200,000 per year in rent alone due to the efficient use of productive space, and other savings. The facility also has expansion capabilities to accommodate our acquisition program.

Bruce Barren, CEO of M Line, further adds: "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."