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Friday, February 27, 2015 11:33:12 AM
Feb 27, 2015 (ACCESSWIRE via COMTEX) -- M Line will now Proceed to Accelerate Shareholder Value
ANAHEIM, CA / ACCESSWIRE / February 27, 2015 / M Line Holdings, Inc. (PINKSHEETS: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."
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