SOURCE: M Line Holdings, Inc.

M Line Holdings, Inc.

October 28, 2014 08:30 ET

M Line Holdings, Inc.'s Manufacturing Division Ahead of Schedule After Four Months Settling Into Our New Facility

Customers Pleased and Are Increasing Order Flow

ANAHEIM, CA--(Marketwired - Oct 28, 2014) - M Line Holdings, Inc. (PINKSHEETS: MLHC) ("M Line" or the "Company"), is pleased to announce that its manufacturing facility will achieve break even in November and expects to be profitable again in December. Our customers have been magnificent in helping us through this very difficult period, including one customer who has agreed to provide a significant amount of raw materials needed to assist us with our difficult cash flow. The confidence and support shown by our customers has been a real boost for our whole team.

M Line filed a preliminary Schedule 14C with the United States Securities and Exchange Commission on Friday, October 24, 2014, giving notice to all of its shareholders that on October 21, 2014, the Company, after receiving requisite shareholder approval, increased the number of authorized shares of its common stock. This increase has been authorized to accommodate the Company paying off its current lender TCA Global Credit Master Fund, LLC. ("TCA"). TCA, as a part of its loan settlement documents, has a provision for M Line to accept a 3A9 funding from a source approved by TCA. However we do not at this time know if we will have to use a 3A9 transaction or who we will use and if so, how much that funding will be. It is the Board's intent to finalize alternative funding with a less dilutive effect. We also have two alternative lending sources in negotiation where an increase in authorized capital may not need to be used or if needed would require considerably less dilution.

Bruce Barren, CEO of M Line, commented, "We are pleased that our customers continue to support the Company while we are bringing our new facility on line. Revenues are now expected to grow so that we should easily be able to meet breakeven in November and profitability by year end. Shareholder value is still our primary concern and shareholders should see that positive impact in the long term. As everybody knows M Line has had to come through a very difficult period but there now appears to be validity in the key decisions we have had to make."

Tony Anish, COO of M Line, stated, "We have been trying to negotiate a pay-off with TCA for some time. We now have two very good offers for funding in addition to an asset based loan term sheet which we have approved as well. Currently we are moving forward on completing the documentation and closing our first two acquisitions which will see M Line's revenues increase by over $16 million to the $30 million dollar range annually, with an EBITDA of over $5 million We continue to concentrate on our short and long term strategy to build revenues and EBITDA and improve shareholder value."

About M Line Holdings, Inc.

M Line is a leading manufacturer 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 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.

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