SOURCE: M Line Holdings, Inc.
TUSTIN, CA--(Marketwire - Aug 14, 2012) - M Line Holdings, Inc. (OTCBB: MLHC), announced today that it has retained Hong Kong Alliance Fund Limited, ("HK Alliance") to represent the Company to investors, potential shareholders and customers, internationally, specifically in the Far East.
George Colin, CEO of MLHC, stated, "HK Alliance has unmatched contacts with institutional and private investors on two continents from its offices in Hong Kong and Tokyo and I believe that they are uniquely positioned to raise awareness of our Company's prospects and provide additional growth capital. As a private equity firm their strategic relationships should, in addition, also provide us access to potential new customers."
Now that most of the investment in research and development and restructuring is complete, and consistent with MLHC's operational plan, the Company will focus on raising investor awareness in its stock through retention of additional Investor Relations experts with an eye on lowering its borrowing costs and raising capital for growth.
About M Line Holdings, Inc.
M LINE Holdings, Inc. (OTCBB: MLHC) acquires fundamentally-sound companies that are market accepted, scalable and demonstrate a quantifiable value proposition when properly managed. Currently our focus is in the aerospace & medical manufacturing and precision equipment businesses that, with the addition of some new products and markets, can exhibit strong growth in both revenue and profits. MLHC lends its operational support, management approach, strategic partnerships, relationships and financial resources to these companies to reduce costs and expand sales, which allows these companies to achieve exceptional performance over time. MLHC currently operates two wholly owned subsidiaries that are positioned for growth: ERAN Engineering, Inc. ("Eran") and E.M. Tool Company, Inc. dba Elite Machine Tool Company ("Elite"). Eran is AS9100 REV C certified and engineers/manufactures precision metal products and services to such major customers as Panasonic, Rockwell Collins, Driessen, UTC Aerospace Systems (formerly Goodrich Aerostructures) and Iris Medical. Elite sells pre-owned machine tool equipment that has been refurbished in Elite's facility to customer specifications. MLHC has acquired a significant minority position in Mediatronics Corp., a private company that benefits from synergies with ERAN and is a designer of media infotainment platforms including cloud connected applications for the auto and specialty vehicle markets which includes: marine, RV, truck, sports performance and off-road vehicles. Customers include both OEM (including one of the "Big 3 Automakers") and tier 1 and 2 suppliers to each of these selected markets.
About Hong Kong Fund Alliance Limited.
Hong Kong Alliance Fund, Limited, ("HK Alliance") (www.hkalliancefund.com) a private equity firm based in Hong Kong, provides corporate capitalization and institutional investor relations consulting services. HK Alliance structures financings that allow management to lead their enterprises and participate in the rewards of future growth, while at the same time achieving the liquidity that best enhances shareholder value.
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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.