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MLHC die fahrt beginnt - 500 Beiträge pro Seite

ISIN: US55313Q1085 | WKN: A0RN1K | Symbol: MLHC
Nasdaq OTC
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MLHC Security Details

Share Structure

Market Value1 $334,000 a/o Apr 20, 2014
Shares Outstanding 179,000,000

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sharky Member Level Tuesday, 09/09/14 09:41:54 AM
Re: None
Post # of 10610

M Line Holdings, Inc. Signs Definitive Agreement for Acquisition

Management Expects to Close the First Proposed Acquisition in September Forecasting an Increase in Revenue of Approximately $9 Million and Over $1 Million in EBITDA Annually

ANAHEIM, CA, Sep 09, 2014 (Marketwired via COMTEX) -- M Line Holdings, Inc. (PINKSHEETS: MLHC) ("M Line" or the "Company") is a leading provider of Products, assemblies 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") Machine Tool Equipment with key customers that include Panasonic Avionics, UTC Aerospace Systems, Beckman Coulter, BE Aerospace and a strategic alliance with Structural Integrity Engineering. M Line has today confirmed that it has signed its first definitive agreement for the acquisition of BlueStar Machinery, Inc. ("BlueStar"), a distributor of pre-owned CNC equipment based in Johnsburg, IL with a satellite facility in Colorado. This acquisition gives our group a Midwest presence and enhances E.M. Tool Company's business as machinery purchased can be refurbished in the Midwest. This will save considerable freight charges that are incurred for shipping our machinery from the East Coast or Midwest to Southern California and will also save BlueStar freight charges shipping equipment from the West Coast to Illinois. BlueStar brings over 80 years of experience in the used machine tool industry along with numerous contacts throughout both the new and used machine tool industry.
The purchase price of the Company is $333,000 payable with 3,330,000 shares of common stock valued at Ten (10) cents per share. In addition M Line will repay loans of $1,125,000 secured by BlueStar's equipment and other fixed assets. Sean Johnson will stay on as President with a three year employment contract.

Bruce Barren, CEO of M Line, commented, "This is the first step in significantly improving Group revenues and profitability. We anticipate announcing additional acquisitions very shortly. The promised growth has begun. Stay Tuned. Our focus is now to reflect this and other acquisitions into our growth strategy to significantly enhance Shareholder Value. We also want to thank our Shareholders for their support."

Tony Anish, COO of M Line, further stated that "With this first acquisition, we anticipate over $20 million revenues for fiscal 2015 and EBITDA of over $4 Million. This is just the first step in our expansion plans. More acquisitions are on our agenda."

BlueStar Machinery, Inc. is an Illinois Company that has been in business since 2001. The business has steadily increased revenues achieving over $8 Million in the year ended 12/31/2013. E.M. Tool Company has been doing business with BlueStar for many years. BlueStar buys, refurbishes and sells high end Japanese CNC equipment including manufactured by Mori Seiki and Okuma plus other machinery manufactured by Hurco, Kitamura, Fadal and Toshiba boring mills. BlueStar carries machinery inventory of approximately $1,500,000 at sale prices.

For more information on BlueStar see their web site at www.bluestarmachinery.com

For more information on M Line see our web site at www.mlineholdings.com

For information contact
M Line Holdings, Inc.
Tony Anish

SOURCE: M Line Holdings Inc.
(C) 2014 Marketwire L.P. All rights reserved.


stand 0.0018
0.0018 - Targets 0.005 / 0.009 / 0.013 / 0.02

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Share Structure
Market Value1..........$427,071 a/o Sep 12, 2014
Authorized Shares.1,000,000,000 a/o Jun 23, 2014
Shares Outstanding..237,261,818 a/o Jun 23, 2014
Float............142,707,142 a/o Jun 23, 2014

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