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Tuesday, April 14, 2015 10:52:07 AM
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.
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