Anticipated Revenues Growing at a Staggering Pace
NEWPORT BEACH, CA, March 07, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – M Line Holdings, Inc. (OTC Pink: MLHC; "M Line" or the “Company”).
After distributing our shareholder letter on February 26, 2019, we wanted to continue to provide more details about the progress of the individual subsidiaries.
Our first update is about the Caravel Group. They are having a fantastic first quarter of 2019. Negotiations are in the final stages with many large US retail chains to put our VEA™ branded drinks (VEA™ Proactive Hydration and VEA™ caffeinated sparkling water) on their shelves within the retailers shelf reset schedules.
Additionally, we continue to be incredibly excited by our newly formulated TORQUE® Sugar Free Energy Drink and consumer chosen new TORQUE® Flavor line extension. All three brands, TORQUE® Energy Drink, TORQUE® Sugar Free and soon to be announced TORQUE® Flavor Line Extension are receiving very positive feedback from distributors and retailers.
On the international stage we are also having great success. Caravel is in negotiations with international distribution partners for the VEA™ Brands and the TORQUE® Energy brands.
Our distributor in Mexico is increasing their current purchase orders due to the excitement for the Caravel brands from Mexico’s key retailers.
Our first orders of Lorenzo Caputo wine will be available for distribution later this month and we expect rapid growth once the wine brand appears on the TLC Channel, hot non-scripted show, Long Island Medium.
Tony Anish, CEO of M Line, commented: “The growth in business that we are experiencing is far beyond what we expected for this year. The sales team at Caravel are doing an amazing job with our beverages.
Tony continued: “I want to take this opportunity to again thank all our shareholders for believing in us. We recognize that the most important issue for shareholders is increased shareholder value. As management, we knew that it would take significant funds to build our group of companies and now, in an effort to achieve improved shareholder value, we have taken the following very important steps:
- I will be negotiating with our debt holders to freeze all dilution for an extended period of time. More details will be given next week.
- We will be announcing full details of the public company acquisition next week and we will consolidate its results with MLHC. This is not a spin-off but part of our growth.
- We will announce details next week of our plans to issue a dividend of a portion of the public company stock we acquire, subject to regulatory approval.
The current and future prospects of MLHC has never looked brighter and because of the hard work of management and the support of our shareholders, we are now in the position to freeze dilutive measures to help increase the price of our shares”
About M Line Holdings, Inc.
M Line is a Holding Company. It controls subsidiaries involved in the Beverage Branding and Distribution industry that includes our branded drinks. In addition, M Line controls two subsidiaries in Florida in the Food and Beverage distribution business and M Line has now expanded into the Cannabis Industry with the acquisition of our C-Pod manufacturing business. M Line owns three restaurants and an event center in Arizona and land for development. M Line will continue with its business financing activities while looking for other opportunities in the Beverage, Distribution, hospitality and Cannabis industries as well as other prospects that make sense to management.
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 is 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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Web site: www.mlinehc.com
Caravel Web site: www.drinkvea.com / @DrinkVea
TORQUE® site: www.drinktorque.com / @DrinkTorque
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