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.
- 02/10 Le groupe Cathay commande 32 appareils de la famille A320neo
- 02/10 AURA AERO reçoit l’agrément PART 21J et devient constructeur aéronautique certifié
- 02/10 Le Diamond DA42-VI vole pour la première fois avec du carburant aviation durable
- 02/10 easyJet et Rolls-Royce annoncent avoir franchi une étape décisive dans leur projet de recherche sur l'hydrogène
- 02/10 Air Caraïbes renforce sa desserte sur Saint-Domingue et Punta Cana
- 29/09 Overland Airways reçoit son premier E175
- 29/09 Air France s’expose dans les vitrines des Galeries Lafayette pour célébrer ses 90 ans
- 29/09 Delta assurera cet été le plus grand programme transatlantique jamais réalisé
- 29/09 Emirates recrute des commandants de bord
- 29/09 La Patrouille de France reçoit le prix ICARE 2023
- 29/09Programme et horaires des journées portes BA 702 Avord
- 27/09 Air Canada commande des Boeing 787-10
- 27/09 SMBC Aviation Capital commande 25 Boeing 737 Max
- 26/09 Le Groupe Air France-KLM va commander 50 appareils de la famille Airbus A350
- 25/09 Air Tahiti Nui fêtera ses 25 ans cette année
- 25/09 Maldivian commande des ATR
- 21/09 French Bee fête ses 5 ans à Tahiti
- 21/09 Play : résultats du mois d'août
- 21/09 Air Peace commande cinq nouveaux Embraer E175
- 21/09 TAP Air Portugal augmente ses fréquences vers le Brésil en 2024