M Line Holdings, Inc. Issues Preliminary Results for Fiscal 2014 Reflecting an EBITDA Improvement of $5,317,352

ANAHEIM, CA--(Marketwired - Sep 30, 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 today announced its preliminary results for the year ended June 30, 2014. The preliminary results show revenues of $10,800,122 for Fiscal 2014 compared to $9,324,685 for Fiscal 2013 an improvement of almost 16%. The results reflect EBITDA of $1,706,243 compared to EBITDA of ($3,611,109) in Fiscal 2013 a massive improvement of $5,317,352. The final profit shows results of ($750,157) after taking into account non cash derivatives, non recurring costs and also reflecting additional costs that occurred since the year end relating to the settlement with TCA. These unusual and extraordinary costs total almost $2,000,000 and were not reflected in our original forecast nor were the costs associated with the move to our new facility. Further a capital commitment was not effected during this period which would have absorbed the added costs. Without these costs and the loss of the capital commitment we would have achieved our forecast.

M Line is also pleased to announce support from one of its key customers that is assisting M Line's cash flow by supplying some expensive raw materials. This shows the continuing commitment from M Line's customers.

Over the last few months some of the financing of the Company has been achieved using time convertible debt. This debt has unfortunately resulted in many more shares being issued than expected but is close to being complete. However, in order to satisfy the just concluded settlement agreement with TCA, M Line must refinance using time and price deferred convertible debt, on which it is currently working with several sources indicating positive interest. Although this strategy is necessary at this time, we expect a lesser effect on dilution and thus less pressure on the market capitalization value.

Because of the time involved in completing a settlement agreement with our current primary Lender, our acquisition strategy is taking a little longer than expected with the first closing imminent and negotiations on the next three acquisitions very close to completion. M Line will be a totally different Company during Fiscal 2015 with much greater revenues and EBITDA.

Bruce Barren, CEO of M Line, commented, "We are continuing to move forward with our Business Plan. Our preliminary results for Fiscal 2014 were very close to forecasts, a significant feat for our company when one takes into account the booked expense charges incurred with our current Primary Lender. Management has the same objective as you, our shareholders, in that we are continuing to formulate our growth with more plans for expansion during 2015 and to increase Shareholder Value. Stay Tuned."

Tony Anish, COO of M Line, commented, "We recognize the weak market cap of the Company. M Line has been in business for over 12 years and has lived through difficult financial times. This Board is leading the Company back to profitability and growth. Very few Companies of this size are able to arrange acquisition financing or to negotiate the transactions in the manner that we have and most of all we have done this with very little funding. Your Board will continue to improve Company revenues and profitability, increase market awareness and in so doing increase Shareholder Value. Keep watching our Company as we have barely started yet."

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

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