M Line Holdings Inc (MLHC)

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Update!
http://finance.yahoo.com/news/m-line-back-track-recovery-123000862.html

M Line Back on Track with Its Recovery Plan
Accesswire
22 minutes ago
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.