M Line Extends Closing Date for the Acquisition of BlueStar Machinery, Inc.
Accesswire
58 minutes ago
Closing Date Set to tie in with New Financing
ANAHEIM, CA / ACCESSWIRE / May 19, 2015 / M Line Holdings, Inc. (MLHC) ("M Line" or the "Company"), has extended its close date for the first acquisition. The date will tie in with the closing date of the Company's new financing.
The Company's concentration has been to finish the audit of the 10-K and complete the final round of financing. This has resulted in a slight delay in closing the BlueStar acquisition. Our focus is to complete the various SEC filings with the intent to restore our OTC QB listing.
Bruce Barren, CEO of M Line, commented: "We are pushing forward as fast as possible but with limited resources we were unable to complete everything in a timely manner, but we are still on track to close BlueStar and complete our SEC reporting requirements."
Tony Anish, COO of M Line, further stated: "We are very close to completing the audit of our June 2014 10-K and the three remaining outstanding 10-Q's will follow very quickly. We have had to place our emphasis on becoming current in our filings and fully reporting again in order to regain Shareholder Value. Furthermore, we are negotiating the restructure of our asset based financing on a non dilutive basis."
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.
