M Line Holdings Inc (MLHC)

[Mysterium]

$MLHC It sure is. It is a great addition to M-line's other companies. Byran alone pulls in $6million in revenues per year at a 10% profit rate. Byran's CEO is also working with MLHC for a salary of $1.00(yes, one dollar) until summer 2016; and we do not owe Byran's owners(our source of private, non-dilutive financing) a dime until 2017.


http://wfla.membercenter.worldnow.com/story/30186244/m-line-holdings-inc-closes-the-acquisition-of-the-byran-company



Byran Company has been in business since 1985, manufacturing medical and aviation equipment, with 50 employees, many of whom are very skilled technicians and specialists.




"Established in 1985, Byran’s unique process and product development capabilities have made it a premiere manufacturer of sophisticated medical and aviation components.

Built on an unflinching quality standard, Byran’s contract machining, assembly and product development groups are an important element in maintaining our customers innovative and competitive positions within their respective markets. Our business has been built on the Byran ideal “As engineered, with economy of effort, within the window of opportunity”.

Our 50 employee staff is composed of master craftsmen, machinists, process development specialists, programmers, logistics personnel, and a highly trained quality staff.

Headquartered in Huntington Beach, California, Byran offers both the domestic and international OEM the opportunity to market product manufactured to their exacting engineering and quality standards, without compromise."

Source: http://byraninc.com/?page_id=2481




Certifications for Byran: http://byraninc.com/?page_id=2476


AS9100c: AS9100C (or AS9100 2009) is a quality management
standard for the aviation, space, and defense industries.

Source: http://www.praxiom.com/as9100.htm


Precision Aerospace(one of MLHC's companies; AS9100 certified):

http://precisionaerotech.com/capabilities/qualifications/



Precision Aerospace Overview:

Precision has an installed base of over forty CNC machines manufacturing precision metal parts primarily for the aerospace and medical industries.Precision Aerospace and Technologies Inc Precision’s largest customers are Panasonic, UTC Aerospace Systems-UTAS (formerly Goodrich and Hamilton Sundstrand) and Beckman Coulter (a division of the Danaher Group). Panasonic has been a Precision customer for the last 20 years.
Precision manufactures in-flight entertainment parts and assemblies for many of Panasonic Avionics IFE programs and builds parts for UTC’s nacelle division that is a first tier supplier for the Airbus A 320 neo, the Bombardier C series, and the Mitsubishi RJ series aircraft. The A320 neo, which is still in the development stage has the largest backlog of orders of any commercial aircraft being manufactured today.
Precision’s headquarters are located at 2320 East Orangethorpe Avenue, Anaheim, CA 92806 a 30,000 square foot facility including 8,000 square feet of office space. Currently the Company utilizes approximately 22,000 square feet of manufacturing space, with adequate room for expansion within the building.
Precision’s capabilities include CNC machining, milling, assembly, turning, programming and assembly while using a StrataSys 3D Printer for parts approval where necessary. Precision’s programming capabilities include Catia V, Licensed for CAD/CAM.
Precision is Certified to AS 9100 Rev C, is proficient with Boeing D1-4426 and complies with Boeing D6-51991.

Source:http://www.mlineholdings.com/company-profile/



Precision Aerospace Equipment Specs: http://precisionaerotech.com/capabilities/equipment/



More about Precision and how the Byran company was a strategic acquisition, seeing as both companies specialize in medical supply and aviation equipment:

"Precision’s assembly department specializes in the assembly of TV arms for our largest customer Panasonic Avionics and other complex aerospace assemblies for other aerospace customers. Although most of the assembly work is for the aerospace industry we also assembly of parts for our medical device customers. The team in assembly is led by Sam Ruiz who has been with the Company for over twenty years and has managed this department for more than ten years."

Source: http://precisionaerotech.com/business-services/


Precision Leadership:

The management team at Precision is led by Bart Webb who joined the company in 2011 and has over twenty years of experience in the aerospace industry. The remainder of the management team boasts over 100 years of combined experience bringing a wealth of knowledge to the team. In fact three of the senior management team have been with the Company for over twenty years with many of the staff having been employed by the Company for over ten years.

Source: http://precisionaerotech.com/company/leadership-team/


Precision Partnerships: http://precisionaerotech.com/company/partnerships/




Precision History:

Precision began business in 1976. As a small machine tool shop specializing in aerospace parts for the interior of aircraft, it was, at that time, a family run business that operated out of 14,000 square feet in Santa Ana California. 1n 1991 the Company began doing business with Panasonic, building TV arms to be installed in business, first class and crew seats on aircraft. This relationship grew over the years and at one point Panasonic was almost 80% of Precision’s total business. Currently Panasonic is still Precision’s largest customer but now accounts for less than 50% of total revenues as business from other customers has increased. The company maintains considerable inventory, a high percentage to meet Panasonic’s order requirements.

In 2003, Precision was purchased by M Line Holdings, Inc., (formerly Gateway International Holdings, Inc.), its current owner. The Company continued to operate from its Santa Ana facility but soon outgrew the facility as reveues increased. In 2006 Precision moved to its current location at 2672 Dow Avenue, Tustin, CA 92780. The current location boasts 50,000 square feet that includes 8,000 square feet of offices.

In 2008 the aerospace manufacturing business was severely affected by the downturn in the economy. Many small to mid size machine tool shops closed. Since the 2009 fiscal year Precision has increased revenues every year due to the global demand for air travel and the demand for fuel efficient aircraft.

Precision now expects continued growth over the next five to ten years

Source: http://precisionaerotech.com/company/history/





Elite Machine Tool:

We know CNC machinery. We have over twenty years of experience providing high-quality machinery to companies just like yours.

Elite Machine Tool Company is a full service machine tool distributor based in Anaheim, California. Our central location is well suited to serve the large commercial and industrial markets of Southern California. We purchase and sell machines from all over the world and serve the entire United States.

Founded in 1990, we specialize in the sale and service of quality new and used machinery. We carry an extensive stock of Pre-Owned Machines from companies like Mori Seiki, Matsuura and Kitamura. Each machine goes through a rigorous multi-point inspection to make sure that each machine performs to the standards that our customers expect. We have built a strong reputation by offering extended parts and labor warranties on all of our pre-owned machinery.
From the small start-up business to the large, established machine shop, you can find what you're looking for at Elite Machine Tool Company.

Come and visit our facility and see the quality of the machines we sell. Any machine can be placed under power for your inspection.

We pride ourselves on the quality and selection of all our Pre-Owned Machines. In addition, we have built a strong reputation by offering extended parts and labor warranties on all of our pre-owned machinery.

Need repairs? We now offer a full repair service with 40 years experience, warranty included

Source: http://www.elitemachinetool.com/elite/


More on Elite Machine Tool:

Founded in 1990 E.M. Tool Company, Inc. dba Elite Machine Tool Company, (“Elite”) specializes in the sale of pre-owned machine tools from Mori Seiki and other high end Japanese machine tool manufacturers.
Elite became a subsidiary of M Line Holdings, Inc. (formerly Gateway International Holdings, Inc.), (ticker symbol “MLHC”) in 2002. Elite Machine Tool CompanyThe management of Elite locates, evaluates, and acquires well maintained pre-owned equipment for resale. This equipment is refurbished and serviced in Elite’s 15,000 square foot facility (soon to be increased by 6,000 square feet) in Anaheim, CA. The facility is both a showroom and service center.
Each piece of equipment purchased goes through a rigorous multi-point inspection to certify that the machine performs to industry standards. Elite’s inventory is generally between 10 and 15 machines.
Equipment is sold “as is,” however in most instances customers see and test the equipment before delivery. In addition to machine sales, Elite services equipment and also does full machine rebuilds managed by technicians with over forty years combined experience. The rebuild and repair business is very profitable. The Company has established a strong and loyal customer base and is now gaining a reputation for service and rebuild work.


Source: http://www.mlineholdings.com/company-profile/


Elite Lathes: http://www.elitemachinetool.com/elite/SearchResults.asp?Method=SubCategory&Value=Lathe

Elite Mills: http://www.elitemachinetool.com/elite/SearchResults.asp?Method=SubCategory&Value=Horizontal%20Mill

http://www.elitemachinetool.com/elite/SearchResults.asp?Method=SubCategory&Value=Vertical%20Mill

Elite Specialty Machines: http://www.elitemachinetool.com/elite/searchresults.asp?Method=Category&Value=Misc.%20Equipment

Elite Misc Equipment: http://www.elitemachinetool.com/elite/searchresults.asp?Method=Category&Value=Misc.%20Equipment



As you can see, there is a ton of potential here and a lot of inherent value. This is going to be a good year for MLHC. Just need to go current now.