M Line Holdings Inc (MLHC)

[ED25]

5) M Line Holdings, Inc. Enjoying Order Expansion With Key Customers Now That Its New Facility Is Close to Full Production Causing a 20% Reduction in Manufacturing Costs
M Line Is Also Experiencing More Opportunities for Capital Expansion in Order to Meet Key Customer Demands
Marketwired M Line Holdings, Inc.
Oct 13, 2014 9:19 PM


ANAHEIM, CA--(Marketwired - Oct 13, 2014) - M Line Holdings, Inc. (PINKSHEETS: MLHC) ("M Line" or the "Company") announced that it has received significant orders from key customers. This validates its focused efforts to improve production quality and timeliness of delivery. Concurrently the move has allowed the Company to become more competitive in the marketplace as a result of a 20% reduction in manufacturing break even costs.

Bruce Barren, CEO of M Line, commented, "Our objective continues to be improved Shareholder Value -- concentrating on its long term buildup. Yes, the move was expensive, causing a reduction in short term revenues but putting us in a more competitive position. This allows us to gain a competitive advantage in the marketplace. M Line continues to search out new funding sources to replace its current primary lender and to meet current capital needs caused in part by sales growth. Many opportunities are beginning to present themselves to us and we anticipate closing at least one of these sources shortly."

Tony Anish, COO of M Line, further adds, "Transitionary capital is often difficult to find and we are trying to avoid dilution where possible. I can report we are in negotiation with multiple sources and are in the process of concluding several of these financings which will allow us to replace our current lender on less costly terms. At the same time it will allow us to meet our sales