TUSTIN, Calif., Dec. 3, 2013 /PRNewswire/ -- M Line Holdings, Inc. (OTCQB:MLHC) ("M Line") announces that Precision Aerospace and Technologies, Inc., an operating subsidiary of M Line has entered into a co-operation agreement with Structural Integrity Engineering, Inc. ("SIE") headquartered in Chatsworth, California with additional offices in the State of Washington and Spain. SIE whose customers include Boeing, FedEx, L-3 Communications, United Airlines, will provide comprehensive engineering and manufacturing solutions to both SIE and Precision's customers.
Tony Anish, M Line's COO stated, "This is yet another example of the manner in which M Line is expanding its aerospace customer base and its ability to service those customers with their manufacturing, assembly and kitting requirements as well as, through this relationship, provide engineering design and certification services. We hope to announce our first joint project very shortly."
Bruce Barren, CEO stated, "One of our core objectives is to reduce customer concentrations in order to achieve a larger customer base with less reliance on any one customer as has been M Line's situation in the past. This is a further step in that direction and we are excited by the prospects of this team relationship and the overall benefits to M Line shareholder value through increased revenues and profits. SIE has a number of existing relationships which would be new for M Line where we can provide a critical manufacturing source for them. They represent to us important revenue and enhanced profit opportunities to say the least. These types of customers provide higher margins due to the reduced marketing costs, once the relationships are established."
Matt Creager, SIE's President stated, "SIE's customers have been looking for a one stop shop to get the aircraft modification and design they require with the ability to manufacture, assemble and the kitting of the parts necessary to upgrade their aircraft. The relationship with Precision Aerospace & Technologies gives us the ability to provide full service engineering and customer aircraft parts manufacturing to our customers."
About M Line Holdings, Inc.
M Line Holdings, Inc. (OTCQB: MLHC). M Line provides products 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") Equipment. Key customers of our group include Panasonic Avionics, UTC Aerospace Systems and Beckman Coulter. The Company is headquartered in Tustin, California. For more information see our website at www.mlineholdings.com
About Precision Aerospace and Technologies, Inc.
Precision is an operating subsidiary of M Line. Precision operates out of a 50,000 sq. ft. facility in Tustin, CA. Precision is a customer focused, industry leading aircraft component manufacturer offering low cost build-to-print and assembly services for production and spare parts. Precision, with an installed base of over forty CNC machines, manufactures parts and assemblies primarily for the aerospace and medical industries. (www.precisionaerotech.com)
About Structural Integrity Engineering (SIE)
SIE, based in Chatsworth CA with offices in Seattle WA and Madrid, Spain, was formed in 1981 to provide design engineering, analysis, FAA certification, and program management services to the aviation industry. SIE performs design, certification, and installation projects related to major aircraft modifications including Interior Reconfigurations, Freighter Conversions, Engine Flying Test Bed Aircraft, Satcom Antenna (Ku-Band/Ka-Band) & Security Systems, Camera and Sensor Installations, Special Mission Aircraft and a wide range of installation design for VIP, commercial, Government and Military aircraft. (www.sieinc.com)
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.
|SOURCE M Line Holdings, Inc.|
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