Private Investors and Financial Institutions Support M Line Holdings, Inc's Financing Needs

Growth and Acquisition Financing Strategies Required the Increase in Authorized Capital

COSTA MESA, CA, Jan. 24, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – M Line Holdings, Inc. (OTC Pink: MLHC; "M Line" or the “Company”), announces that over the last few weeks it has twice increased the Authorized Capital of the Company.

 The increases were necessary

• To have sufficient stock available to support a new Reg A financing in an amount of $10 million which is still subject to SEC approval.
• To have sufficient stock available to issue to a private investor who is subscribing for shares in the Company at a price greater than market.  These shares cannot be sold for a minimum of twelve months.
• Due to the government shutdown and the delay in being able to obtain the Reg A approval, to have sufficient stock available for a small amount of dilutive financing.  Although this was not planned, there is a significant need for funding to support M Line’s staggering growth in Revenue.

M Line’s forecasted Revenues, at a minimum of $12 -15 million over the next twelve months, will be greater than at any time in our Company’s twenty-year history. 

To support this astonishing increase in revenue, the Company must have the necessary cash for orders. Furthermore, the acquisitions already completed require some cash which the Company is paying over time.  The new acquisition in Arizona, which is expected to close in a few days, requires a large down payment, and it brings substantial assets and revenues to the Company plus enormous growth potential. 

Our pod manufacturing business has cash needs to meet its sales targets and our planned introduction of a CBD line of products through a new JV requires sales and marketing dollars.

The Revenues and EBITDA generated by the Company will have a much greater impact on the value of the Company than the limited dilution necessary to support that growth.

Tony Anish, CEO of M Line, commented: “I have stated many times that I will be transparent with our shareholders and my intentions are to continue that trend as much as is possible.  It has been my goal and our Management Team’s priority to improve shareholder value. We must have the necessary funding so that we can maintain the forward momentum of the Company and achieve these lofty goals.  We all, here at M Line, appreciate your ongoing support. STAY TUNED FOR CONTINUING NEWS AND UPDATES.”

About M Line Holdings, Inc.

M Line is a Holding Company. It controls subsidiaries involved in the Beverage Branding and Distribution.  Our branded drinks include our VEA™ and TORQUE® branded drinks and Lorenzo Caputo Wine. 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.  Furthermore, M Line will continue with its business financing activities while looking for other opportunities in the Beverage, Distribution 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 and payment of dividends.

The words "may", "would", "will", "expect", "estimate", "anticipate", "believe", "intend", and similar expressions and variations thereof are intend to identify forward-looking statements. Investors are cautioned that any such forward-looking statement is not a guarantee of future of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's statements and reports filed with the OTC Markets. The Company claims the safe harbor provided by Section 21E(c) of the Exchange Act for all forward-looking statements.