M Line Holdings, Inc. Pursues and Reactivates Another Fortune 500 Customer, Further Increasing Its Core Customer Base
11 Marzo 2014 - 6:32AM
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 the Company successfully pursued and reactivated new orders
from one of its largest former customers.
This now brings M Line's total to 3 major reactivated customers
since the start of fiscal 2014, re-enforcing its channeled
marketing strategy. In addition, M Line has added 5 new customers
each with enormous growth potential, paralleling growth forecasted
for the entire Commercial Aerospace industry.
Tony Anish, COO of M Line Holdings, Inc., stated; "The
reactivation of a fortune 500 customer has again made us realize
that we have a very effective team approach to the business and to
both old and new customers. This now brings M Line's core customer
base to nineteen, up from twelve (a 55% increase), compared to
fiscal 2013."
In 2013 Airbus and Boeing alone received over 2,800 orders for
new planes. At the end of 2013, driven by the need for fuel
efficiency, the backlog of commercial jets for these two aerospace
giants was over 10,600 aircrafts, which equates to approximately 10
years of production.
Bruce Barren, CEO of M Line Holdings, Inc. stated; "Almost every
aerospace company's stock performance throughout 2013 has been
excellent with some increasing in value by over 60%. We are
determined to emulate this performance. M Line has continued to
grow its sales and profitability, which should, in time, result in
an increase in valuation that has been experienced in most other
aerospace companies. Our team is working even harder to improve
shareholder value with a concentrated focus on the business by
sustained operational results."
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, Beckman Coulter, SIE (Structural Integrity Engineering,
Inc.) and BE Aerospace. The Company is headquartered in
Tustin, California. For more information see our website at
http://www.mlineholdings.com/
COMMUNICATION:
Please send us your E mail address by communicating with
shareholder@mlineholdings.com to receive press and other releases
directly to your E mail address.
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.
CONTACT: Investor Relations:
Howard Gostrand
info@amcapventures.com
305.918.7000
M Line (CE) (USOTC:MLHC)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
M Line (CE) (USOTC:MLHC)
Gráfica de Acción Histórica
De May 2023 a May 2024