M Line Holdings, Inc. Announced That it is Moving Its Manufacturing Facility to a "State of the Art" Location in Anaheim, Cal...
June 09 2014 - 2:05PM
M Line Holdings, Inc. (OTCQB:MLHC) ("M Line" or the "Company"), a
leading provider of products, assemblies and services to the
precision high tech segment of both the aerospace and medical
industries as well as a seller of high end pre-owned Japanese
Computer Numerically Controlled ("CNC") Equipment, today announced
that it has finalized terms on a new facility for the Head Office
and manufacturing division in Anaheim California. This facility
will save the Company close to
$200,000 per year
in rent alone due to the efficient use of productive space, and
other savings. The facility also has expansion capabilities to
accommodate our acquisition program.
Bruce Barren, CEO of M Line, further adds: "We have a very
defined agenda to cause increased shareholder
value. This is another step in our development. It
will further help us in our acquisition program whereby we intend
to bring several of these prospective targets in house, adding some
$15 million dollars in new
revenue and $3 million in
EBITDA."
Tony Anish, COO of M Line, commented: "One of our
objectives has been to reduce manufacturing costs to make M Line
even more competitive in the marketplace by lowering overhead
costs. This is in line with our objective: to increase
revenues, manage and cut operating costs with the result being
increase profitability which is our focus for added
shareholder value."
About M Line Holdings, Inc.
M Line Holdings, Inc. (OTCQB:MLHC). M Line
provides products 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")
Equipment. Key customers of our group include; Panasonic
Avionics, UTC Aerospace Systems, Beckman Coulter, BE
Aerospace and SIE (Structural Integrity
Engineering, Inc.). The Company is headquartered in
Tustin, California. For more information see our website at
http://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.
Note 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 statements
as a result of various factors including the risk disclosed in the
company's statements and reports filed with the OTC Markets. The
Company claims the safe harbor provided by Section 21E(c) of the
Exchange Act for all forward-looking statements.
CONTACT: Investor Relations:
Howard Gostrand
info@amcapventures.com
305.918.7000
M Line (CE) (USOTC:MLHC)
Historical Stock Chart
From Sep 2024 to Oct 2024
M Line (CE) (USOTC:MLHC)
Historical Stock Chart
From Oct 2023 to Oct 2024