M Line’s Subsidiary, The Caravel Group, Receives its First Orders from Mexico
COSTA MESA, CA, Sept. 24, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – M Line Holdings, Inc. (OTC Pink: MLHC; "M Line" or the “Company”), a beverage brand and distribution company, announces that its subsidiary, the Caravel Group, has received orders from its Distributor in Mexico exceeding $370,000. The distributor, based on their forecasts, expects similar orders every 6 to 8 weeks, with considerable growth over the next twelve months.
Tony Anish, CEO of M Line, stated: “This is really exciting news as Jake Nelson the President of Caravel has had a long standing relationship, over many years, with the distributor and knows their capabilities. Sales to the big box retailers in the US will begin in 2019 while purchase orders from US distributors and smaller chains have already been received. We expect much more news about the orders and schedule of deliveries from those big box retailers later this year.”
Jake Nelson, President of Carvel, commented, “We are so excited about our relationship with M Line. The support we receive helps us focus on our core strengths which are the development and distribution of “Better for You” beverages internationally and in the US. Our relationship with our Mexican distributor goes back many years and we expect a continuing growth in business with them on both our current as well as new product lines.”
M Line is focusing on the rapidly growing “Better for You” beverage segment as consumers and industry players are choosing to focus on these categories. These products can carry higher margin and consumers are continuing to abandon the leading soft drinks for daily refreshment purposes.
About M Line Holdings, Inc.
M Line is a holding Company with subsidiaries involved in the Beverage Branding and Distribution industry as well as the Food and Beverage distribution business. In addition, M Line will continue with its business financing activities while looking for other opportunities in the Beverage and Distribution Industry as well as other prospects that may be synergistic with the new Corporate strategy.
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