M Line Holdings, Inc. Announces 1st Quarter 2012 Fiscal Year Results

Continuing Profit News from M Line Holdings, Inc.

TUSTIN, Calif., Nov 14, 2011 (BUSINESS WIRE) -- M Line Holdings, Inc. (MLHC)

PROFIT

M Line Holdings, Inc. , announces its results for the first quarter ended
September 30, 2011. The results for the quarter reflect a net profit of $119,712.
This compares with a net loss of ($15,134) for the three months ended September
30, 2010. This is an improvement of $134,846. This profit was achieved despite a
weak quarter for Elite Machine Tool that was overshadowed by an excellent first
quarter by our precision manufacturing division. The quarter profit continues the
profit trend established with our first profit for a full year achieved under
current management in the fiscal year ended June 30, 2011.

EBITDA

EBITDA for the first quarter of the 2012 fiscal year is $247,054 compared to
$120,682 for the first quarter of 2011 fiscal year. This period's EBITDA is more
than double the amount achieved in the same quarter in the last fiscal year.

BUSINESS INFORMATION

In July 2011 we appointed Barton Webb President of Eran Engineering, Inc. Barton
has over twenty years experience in the airline industry. Barton has installed a
new belief and desire at Eran, a new strategic management structure and together
with our new sales director Frank X Leon, a veteran of over twenty five years in
aircraft interiors sales, and has created a new work atmosphere that will
significantly increase revenues to levels not previously experienced. We are
delighted by these important and significant changes at Eran. In addition, in
December, we will "go live" on a new "ERP" software system which encompasses our
inventory, costing and job control management. The new software will radically
improve Eran's ability to quote and manage work flow as well as provide a very
accurate accounting of our inventory of finished goods, raw materials and work in
progress.

George Colin, CEO of M Line Holdings, Inc. stated "I am delighted to announce the
profit for the first quarter of our fiscal year ended September 30, 2011. This
achievement is even more special considering that business in general was slow
during this last quarter. With business now improving again, especially in our
machine sales division we expect profits to continue to grow during the full 2012
fiscal year."

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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.
M LINE HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE QUARTERS ENDED September 30, 2011 AND 2010
SeptemberSeptember
30, 201130, 2010
--------------------
Net sales$ 2,409,893$ 1,656,599
Cost of sales1,655,545930,024
--------------------
Gross Profit754,348726,575
Operating expenses:
Selling, general and administrative663,266716,485
Amortization of intangible assets18,18818,188
--------------------
Total operating expense681,454734,673
--------------------
Operating loss72,894(8,098)
Other income (expense):
Interest expense(48,564)(12,418)
Interest income12,5986,182
Gain on debt Settlement85,184-
Total other income (expenses)49,218(6,236)
--------------------
Income (loss) before income tax122,112(14,334)
Income tax provision2,400800
--------------------
NET PROFIT (LOSS)$119,712$ (15,134)
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NET LOSS PER SHARE:
-----------------------------------------------------------
Basic and dilutive income (loss) per share:$0.00$(0.00)
====================
Weighted average number of common shares under in per share 44,282,258 30,861,956
calculations (basic and diluted)
====================


SOURCE: M Line Holdings, Inc.

M Line Holdings, Inc.
Tony Anish, 714-630-6253
tony@mlineholdings.com