M Line Holdings, Inc. Finalizes Conclusionary Agreement With Its Primary Lender, Opening the Way for Refinancing to Meet Increased Revenue and Working Capital Demands Plus Saving $250,000 in Financing Costs

ANAHEIM, CA--(Marketwired - Sep 15, 2014) - 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 is pleased to announce that it has agreed to a repayment plan with its primary lender that now enables the Company to finalize refinancing programs with new lenders at much lower rates. The savings will be approximately $250,000 per annum.

Bruce Barren, CEO of M Line commented, "We plan to try and finalize the new financing within sixty days and work diligently on completing the terms for two more acquisitions. We are working closely with our Investment Banker and attorneys in preparing the draft contracts for the first acquisition. These two acquisitions will more than double M Line's annual revenues and add some $3 Million in new EBITDA. Further we are working closely with our Bankers to fulfill the financing requirements of the third acquisition which will add unique patented technology to our product line for aerospace as well as other industries."

Tony Anish, COO of M Line stated that "The Management of your Company is now able to deliver on the promises that have been made. Our objective is to increase earnings and bring new technologies that will exceed the industry standards of 23.8X PE. We will report continued results of our efforts in the fulfillment of a new M Line. We expect to announce the second and third acquisition targets very shortly."

Details of the First Acquisition:
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. EM 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 (see: www.bluestarmachinery.com).