Dimensions Beverage and Branding will become a subsidiary of The Caravel Group
Costa Mesa, CA, Oct. 25, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- M Line Holdings, Inc. (OTC Pink: MLHC; "M Line" or the “Company”), has agreed terms and is signing an LOI to purchase 100% of Dimensions Beverage and Branding, LLC which owns the TORQUE® Brand which includes the TORQUE® Energy Drink, TORQUE® apparel and other related drinks and novelties. We will close within ten days.
Jake Nelson, Co-Founder of The Caravel Group stated: “This adds a proven successful energy drink to our line of products. This brand will be sold through our current distribution channels and will provide significant exposure and profitability for our group.”
Tony Anish, CEO of M Line commented: "Jake Nelson and John Giarrante, the original founders of The Caravel Group have done a great job bringing this Brand to the MLHC’s group of Companies. As always, our primary objectives remain solid growth and profitability while continuing to improve shareholder value. Stay tuned for more updates.”
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 and now has introduced its first acquisition in the Cannabis Industry with our C-Pod manufacturing business. In addition, M Line will continue with its business financing activities while looking for other opportunities in the Beverage, Distribution 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.
For more information contact Tony Anish
E Mail: info@mlineholdings.com
Follow us on Twitter: @mlinehc
Web site: www.mlinehc.com
Caravel Web site: www.drinkvea.com / @DrinkVea
Web site: www.drinktorque.com / @DrinkTorqu