M Line plans to Close Cannabis Transaction Ahead of Schedule
Costa Mesa, CA, Oct. 10, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- M Line Holdings, Inc. (OTC Pink: MLHC; "M Line" or the “Company”), a holding Company with subsidiaries involved in the Beverage Branding and Distribution industry as well as the Food and Beverage distribution business has started to negotiate with its debt holders. Currently, there is no dilution in the market and we are negotiating with the holders to repay the debt. So far, the results of our negotiations have been very positive and there are no dilution concerns.
Tony Anish, CEO of M Line stated: “It is great to know that our debt holders are willing to work with the Company to help us enhance shareholder value. They see the direction that the Company is taking and are willing to assist us in our desire to clear the debt from revenues generated in the future. Currently, the company has approximately 3.8 billion shares issued. The plan is to keep those numbers substantially the same other than restricted issues to Officers and/or Directors in lieu of salary, or for acquisitions or mergers that will enhance the value of the Company.”
Tony Anish continued, “On another note, we expect to close the acquisition of American Asset Holdings ahead of schedule as due diligence has now been completed. Lastly, I wanted to thank our shareholders for their support over the last few years. Our path forward looks very promising as we continue to work to achieve significant shareholder value. Stay tuned for further information.”
About M Line Holdings, Inc.
M Line is a holding Company with subsidiaries involved in the Beverage Branding and Distribution industry as well as the Food and Beverage distribution business. In addition, M Line will continue with its business financing activities while looking for other opportunities in the Beverage and Distribution Industry as well as other prospects that make sense to management.
Safe Harbor and Informational Statement
This press release may contain forward-looking information within the meaning of Section 21E of the Security Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statement of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial conditions or results of operations; (iii): the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends.
The words "may", "would", "will", "expect", "estimate", "anticipate", "believe", "intend", and similar expressions and variations thereof are intend to identify forward-looking statements. Investors are cautioned that any such forward-looking statement is not a guarantee of future of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's statements and reports filed with the OTC Markets. The Company claims the safe harbor provided by Section 21E(c) of the Exchange Act for all forward-looking statements.
For more information contact Tony Anish
E Mail: info@mlineholdings.com
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Web site: www.mlinehc.com (under construction)
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