TUSTIN, Calif., Feb. 18, 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, today announced that it has added four new and two old reactivated significant customers.
Bruce Barren, CEO of M Line Holdings, Inc. stated, "Our marketing efforts are producing the results that we want. We have targeted a number of new customers and have made significant progress in obtaining work from them. This reduces our reliance on any one customer. It should be further understood that all the successes have not been reflected in the market cap of the Company which still stands at less than 1 times profit in an industry that boasts a 15 to 20 times market cap."
Tony Anish, COO of M Line Holdings, Inc., stated, "We continue the push for more customers. Our marketing strategies are working. We expect our active list of customers to continue to increase over the next six months. Our focus continues to be increased shareholder value as well as achieving our marketing targets!"
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 exciting 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/
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.
Investor Relations: Howard Gostfrand 305.918.7000