Business
M Line Revenue $1,238,048, EBITDA $142,319, Fiscal 2019 2nd Quarter
M Line Revenue $1,238,048, EBITDA $142,319, Fiscal 2019 2nd Quarter.
About this update from M Line Holdings Inc
[{"type":"text","content":"\nFantastic Revenue Growth, Significant Positive EBITDA-Increased Shareholder Value\n Costa Mesa, CA, Feb. 07, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- M Line Holdings, Inc. (OTC Pink: MLHC; \"M Line\" or the “Company”), announces fantastic results for the quarter and half year ended December 31, 2018. REVENUE for quarter $1,238,048.  REVENUE for six months $1,268,203, a staggering increase of over 4000%.EBITDA for quarter $142,319.  EBITDA for six months $29,837, a huge improvement over the losses in the first quarter. Tony Anish, CEO of M Line, stated: “We promised Growth-We Delivered.  We promised positive EBITDA-We Delivered.  We promised improved Shareholder Value-We are working hard to deliver that as well.  We have had to dilute to support this dynamic growth but in a very controlled manner.  The future is very exciting-More Growth, New Acquisitions and Greater Profitability are coming up. Keep Watching for More News!” About M Line Holdings, Inc. M Line is a Holding Company. It controls subsidiaries involved in the Beverage Branding and Distribution industry that includes our VEA™ and TORQUE® branded drinks.  In addition, M Line controls two subsidiaries in Florida in the Food and Beverage distribution business and M Line has now expanded into the Cannabis Industry with the acquisition of our C-Pod manufacturing business.  M Line has just acquired three restaurants and an event center in Arizona and land for development. M Line will continue with its business financing activities while looking for other opportunities in the Beverage, Distribution, hospitality and Cannabis industries 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 an...