TUSTIN, Calif., March 27, 2014 (GLOBE NEWSWIRE) -- M Line Holdings, Inc. (OTCQB: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, announced today that following the confirmation yesterday of the firm commitment for $30,000,000 funding, M Line has chosen three of the six prospective acquisition targets to focus on. These acquisition targets are located in Southern California, the largest of which has revenues in excess of $35,000,000. The revenues for these three prospective acquisitions would exceed $60,000,000 with over $12,000,000 in EBITDA.
M Line's objective is to initially focus on California based acquisitions in the aerospace industry, that are synergistic and where M Line could further enhance profitability as a supplier. Of course these acquisitions are subject to full due diligence and legal documentation.
Bruce Barren, M line's CEO, stated, "Our focus is strictly defined where M Line, as a supplier, can increase its revenues while acquiring companies with strong revenues and earnings. The key to this financing program is that we will not have dilution which will result in improved Shareholder Value."
Tony Anish M Line's COO stated, "Our intent is to close one or more acquisition opportunities as soon as possible as we continue to try to improve our group's revenues and profitability. Stay Focused - M Line is on the move."
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 new relationship with SIE (Structural Integrity Engineering, Inc.). The Company is headquartered in Tustin, California. For more information see our website at http://www.mlineholdings.com/
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