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Last $0.0009 USD
Change Today 0.00 / 0.00%
Volume 22.7K
As of 8:10 PM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

m line holdings inc (MLHC) Snapshot

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52 Week High
05/6/14 - $0.0087
52 Week Low
11/19/14 - $0.0002
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m line holdings inc (MLHC) Details

M Line Holdings, Inc., through its subsidiaries, acquires, refurbishes, and sells pre-owned computer numerically controlled machine tools to manufacturing customers in the United States. The company markets its machines through in-house sales staff, as well as alternative channels, such as the Internet and auctions. It is also involved in manufacturing, assembling, and selling precision metal component parts used primarily in the commercial aviation, medical, and defense industries through in-house sales staff. The company was formerly known as Gateway International Holdings, Inc. and changed its name to M Line Holdings, Inc. in March 2009. M Line Holdings, Inc. is headquartered in Tustin, California.

57 Employees
Last Reported Date: 12/31/13

m line holdings inc (MLHC) Top Compensated Officers

Chief Financial Officer, Director and Preside...
Total Annual Compensation: $335.0K
Chief Operating Officer, Secretary and Direct...
Total Annual Compensation: $335.0K
Compensation as of Fiscal Year 2013.

m line holdings inc (MLHC) Key Developments

M Line Mulls Acquisitions

M Line Holdings, Inc. (OTCPK:MLHC) is looking for acquisitions. Chief Executive Officer of M Line, Bruce Barren said, “We continue to fulfill our commitments to our shareholders to build the New M Line through internal growth and acquisitions. We are beginning to build momentum and we have additional planned acquisition targets. Your Management determination continues to make M Line a success through acquisitions and the ability to expand our customer base, thus adding shareholder value with as minimal dilutive effect to shareholder ownership. M Line continues with its forward momentum objectives.”

M Line Holdings, Inc. Receives Significant Orders from Key Customers

M Line Holdings, Inc. announced that it has received significant orders from key customers. This validates its focused efforts to improve production quality and timeliness of delivery. Concurrently the move has allowed the Company to become more competitive in the marketplace as a result of a 20% reduction in manufacturing break even costs.

M Line Holdings, Inc. Forms Lease Financing Subsidiary

M Line announced that it has formed a new wholly owned subsidiary, ML Machinery Funding, Inc., to manage and fund all equipment sales for transactions involving customer financing. The profit share agreement results in all the credit checking, documentation and closing being handled by M Line's partners and the arranging of all bank lines for the program by its partners. M Line anticipates initial financing through its new subsidiary by mid October. Elite Machine Tool currently arranges funding for approximately 40% of its revenues. However, with the anticipated improved rates and capabilities M Line expects both revenues and funding levels to increase. This program which can fund throughout the US will also enhance Blue Star Machinery's business.


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