M Line Holdings, Inc. Reports Revenue Results for the Two Months Ended August 2013 and for the Fourth Quarter of 2013; Provides Revenue Guidance for the First Quarter of 2014 and Earnings Guidance for Fiscal 2014
September 05, 2013 at 01:30 pm
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M Line Holdings, Inc. reported revenue results for the two months ended August 2013 and for the fourth quarter of 2013. The company announced that based on the sales revenues of $1,589,000 for July and August, the revenues for the full first quarter 2014 will be in excess of $2,600,000 as compared to $1,980,590 for the first quarter fiscal 2013, a 25% improvement in revenues.
The revenue for the fourth quarter of 2013 was in excess of $2,500,000. This revenue was not only an improvement over the prior quarters for 2013 but started the growth pattern that is now being forecasted.
As a result the company expects much improved earnings for fiscal 2014.
M Line Holdings, Inc. is a holding company. The Company is focused on the beverage branding and distribution industry, the food and beverage distributing business, coal industry, the aerospace industry and business financing. Its subsidiaries include Best Choice Food and Beverage, LLC, a food and beverage distributing company; M Line Coal Development, Inc., which intends to acquire permits for the mining and distribution of coal out of mines located in Kentucky; M Line Transportation, Inc., which is formed to manage the transportation of mined coal to its distribution points; Precision Aerospace & Technologies, Inc., which manufactures precision metal component parts and assemblies; and M Line Machinery Funding, Inc., which provides advice and support in raising new capital, management support in relation to financial control and management of the business.
M Line Holdings, Inc. Reports Revenue Results for the Two Months Ended August 2013 and for the Fourth Quarter of 2013; Provides Revenue Guidance for the First Quarter of 2014 and Earnings Guidance for Fiscal 2014
M LINE HOLDINGS, INC. 