TUSTIN, Calif., Aug. 13, 2013 (GLOBE NEWSWIRE) -- M Line Holdings, Inc. (OTCQB:MHLC) Based on current orders and anticipated deliveries for the first quarter fiscal 2014, M Line expects to improve sales by over 40% as compared to the first quarter of fiscal 2013.
Bruce Barren, M Line's new CEO, stated, "The last two months indicate strong evidence of recovery and that trend should continue throughout fiscal 2014 where we expect higher revenues and positive earnings."
Tony Anish stated, "The introduction of our new production manager at M Line's Precision Aerospace and Technologies subsidiary and the benefits obtained from the new TCA financing are beginning to show positive results for the group."
Mr. Barren continued, "Shortly we will begin issuing monthly revenue results and quarterly projections to provide more detailed information to our shareholders. We also intend to initiate quarterly shareholder conference calling to keep our shareholders fully informed of our progress."
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, UTC Aerospace Systems and Beckman Coulter. The Company is headquartered in Tustin, California.
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.