TUSTIN, Calif., Nov. 8, 2012 (GLOBE NEWSWIRE) -- M Line Holdings, Inc. (OTCQB:MLHC), ( "M Line or the Company"). M Line is pleased to announce that it has contracted with Prodigee Marketing to handle its public relations and marketing. Prodigee replaces The Hong Kong Alliance Fund who was terminated in August.
Burl Outlaw, CEO of Prodigee Marketing stated, "we are excited to work with M Line. We recognize the difficulties they have gone through during their turn around and feel confident that we can help them improve their presence in the marketplace while also improving shareholder value."
On an exciting note, M Line announces that it has been listed as number 20 on the fastest growing public companies in Orange County as listed by the Orange County Business journal.
The Orange County Business Journal produces various lists of companies within Orange County. Last year we were also listed but this year have achieved the number 20 spot.
"To make this list two years running is an honor" said George Colin, CEO of the Company. "Over the last three years during the difficult economy that impacted the aerospace and many other industries, M Line has made giant strides to improve the revenues and bottom line margins of the Company. We feel it justifies the manner in which we are rebuilding the company".
Tony Anish, Chief Operations Officer added that "all the hard work of our employees and management team is beginning to pay off and we are very excited about the continued growth of the Company over the next few years."
About M Line Holdings, Inc.
M Line Holdings, Inc. (OTCQB: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 and 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 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.
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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.