M Line Holdings, Inc.'s Recovery Foundation Is Now Well In Place Revenue And Earnings Will Be Impressive For FYE14. Stay Tuned!
TUSTIN, Calif., Dec. 11, 2013 /PRNewswire/ -- M Line Holdings, Inc. (OTCQB: MLHC) ("M Line") confirms that the Company and its subsidiaries continue to show that its recovery is not only in place but the Company is now looking to continue to grow revenues and profit with new orders from both current and new customers.
Bruce Barren, CEO stated, "Over the last few months, since I became CEO, I have seen dramatic improvements in the Company's revenues and profitability. The new customers and relationships are beginning to show the returns that will be seen as impressive by the end of fiscal 2014. To date through November 30 operations will validate the 2014 forecasts where we are anticipating an impressive turnaround."
Tony Anish, M Line's COO stated, "We continue to strive to cut overheads while improving efficiencies so that we can meet the increased demand for our manufactured parts and assemblies and our refurbished equipment and service side of the business."
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 and Beckman Coulter. The Company is headquartered in Tustin, California. For more information see our website at www.mlineholdings.com
Forward Looking Statements
This news release contains certain "forward-looking statements." Forward-looking statements are based on current expectations and assumptions and are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, and many of which are beyond the Company's control. The forward-looking statements are also identified through the use of words "believe," enable," "may," "will," "could," "intends," "estimate," "anticipate," "plan," "predict" "probable," "potential," "possible," "should," "continue," and other words of similar meaning. Actual results could differ materially from these forward-looking statements as a result of a number of risk factors detailed in the Company's periodic reports filed with the SEC. Given these risks and uncertainties, investors are cautioned not to place undue reliance on such forward-looking statements and no assurances can be given that such statements will be achieved.
SOURCE M Line Holdings, Inc.