Revenue For 1st Five Months FYE14 Up 37% To Date Over FYE13 Validating Current Year's Revenue Forecast of $15 Million
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SOURCE M Line Holdings, Inc.
Our Focus: Definable cash Flow based on a solid foundation of Tangible Performance through Real Earnings that build Shareholder Value
TUSTIN, Calif., Dec. 13, 2013 /PRNewswire/ -- As a follow on to our press release dated December 11, 2013 M Line Holdings, Inc. (OTCQB:MLHC) ("M Line") confirms that the Company's revenues are up 37% for the first five months of FYE14 over the same period FYE13.
Bruce Barren, CEO stated, "Our primary focus is to drive revenues up coupled with positive cash flow. Based on this and our determination for continued performance, I believe that we are undervalued in the marketplace, selling at less than 2X forecasted fiscal 2014 earnings. Stay tuned, your management is focused on performance so that our shareholders are the beneficiaries."
Tony Anish, M Line's COO stated, "Our emphasis today is to continue increasing existing customer revenue while adding revenues from new customers. Our focus is to build a solid foundation for shareholder value so that our most important asset, our shareholders, can reap the benefits through sustained capital appreciation."
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). 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.
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