Dépêches
M Line Holdings, Inc. Forecasts Last Quarter Figures
Dépèche transmise le 8 juin 2011 par Business Wire
M Line Holdings, Inc. Forecasts Last Quarter Figures
TUSTIN, Calif.--(BUSINESS WIRE)--M Line Holdings, Inc. (OTC Bulletin Board: MLHC):
“At long last we are beginning to achieve much better monthly revenues. This increase does not include the anticipated work that will come as soon as the new Boeing 787 dreamliner is in production, but does reflect work due to increased production of the Boeing 737 and 777 Jetliners.”
Forecast results for fourth quarter
M Line Holdings, Inc. (OTC Bulletin Board: MLHC)(“M Line Holdings” or “the Company”), announces a forecast of the last quarter’s figures for the 2011 fiscal year.
- Revenues for the quarter are expected to exceed $3,600,000 compared to $2,089,700 for the fourth quarter of 2010 fiscal year
- EBITDA for the quarter is expected to be in excess of $300,000 positive compared to ($217,030) for the fourth quarter of last year.
- This fourth quarter will be better than any quarter in the preceding two years.
Business Trend
New orders at Eran Engineering, Inc. our precision metal machining subsidiary have risen significantly.
- Our back order position has increased by over $1,500,000 over the last few months.
- As disclosed previously The Company has been expecting improved revenues and this has been achieved by obtaining new orders from existing and new customers.
- To meet the increased demand we have added new employees increasing our work force by almost 20%.
Elite Machine Tool has seen a dramatic increase in business due to an improving economy which has resulted in a greater need for capital equipment.
George Colin, CEO of M Line Holdings, Inc., stated, “At long last we are beginning to achieve much better monthly revenues. This increase does not include the anticipated work that will come as soon as the new Boeing 787 dreamliner is in production, but does reflect work due to increased production of the Boeing 737 and 777 Jetliners.”
About M Line Holdings, Inc.
M Line Holdings, Inc. (formerly Gateway International Holdings, Inc.) is currently a reporting company under the Securities and Exchange Act of 1934, as amended, with approximately 600 shareholders and two operating subsidiaries, Eran Engineering, Inc. and E. M. Tool Co., Inc. dba Elite Machine Tool. (For more information see our web site www.mlineholdings.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.
- 26/04 Norse Atlantic Airways s'envole vers Las Vegas
- 26/04 easyJet a réceptionné son 400e Airbus
- 26/04 Icelandair : résultats mars 2024
- 26/04 Air France dévoile une nouvelle campagne publicitaire
- 26/04 Volotea inaugure sa liaison entre Vérone et Bordeaux
- 26/04 Ryanair célèbre ses 25 ans à l'aéroport de Biarritz
- 24/04Ibis Styles London Heathrow : l'hôtel géré par un passionné d'aviation pour les passionnés d'aviation (photos + vidéos)
- 23/04 SkyUp renouvelle son partenariat avec Wizz Air
- 23/04 Play : résultats de mars 2024
- 23/04 Les garde-côtes japonais commande trois Airbus H225 supplémentaires
- 23/04 Vueling et Make-A-Wish France signent un partenariat
- 23/04 TUI annonce ses destinations au départ de Deauville pour l'été 2024.
- 23/04 Twin Jet renforce son programme de vols sur la ligne Toulouse/Rennes
- 23/04 Norse Atlantic Airways : résultats du mois de mars 2024
- 23/04 Volotea renforce son offre entre Lille et le Maroc
- 22/04 Finnair a dévoilé son programme de vol pour les saisons hiver 2024 et été 2025
- 22/04 Qatar Airways annonce le lancement de vols à destination de Kinshasa
- 22/04 Vietnam Airlines et CAE prolongent leur accord
- 22/04 Mermoz Academy de Tours commande des Tecnam P-Mentor
- 22/04 Transavia France reçoit son 2e Airbus A320neo