TUSTIN, Calif., Jan. 28, 2014 /PRNewswire/ -- M Line Holdings, Inc. (OTC QB: 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 the company continues to see strong new customer interest, reducing the dependence on prior key customers.
Bruce Barren, CEO of M Line, commented, "We have seen a significant increase in requests for quotes from new customers indicative that our marketing efforts are working and gaining momentum. This bodes well for achieving our forecasted revenues for fiscal 2014 and will build a solid basis for continued growth of the Company and the building of long-term shareholder value."
Tony Anish, COO of M Line, added, "Over the last two months specific efforts have been made to improve our marketing initiatives and are reflected in the increase in new and prior customer requests for quotes and orders. In spite of our tight cash position, this adds to the viability of our customer base and their endorsement of our group as a supplier."
More exciting news is on the horizon.
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 and BE Aerospace as well as our exciting new relationship with SIE (Structural Integrity Engineering). The Company is headquartered in Tustin, California, with its machine sales division located in Anaheim, California. For more information see our website at http://www.mlineholdings.com/
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.