M Line Signs Binding LOI to Acquire 100% of Another Food and Beverage Distribution Business

COSTA MESA, CA, Aug. 28, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE - Line Holdings, Inc. (OTC PINK: MLHC; "M Line" or the “Company”), announces that it has finalized terms and signed a binding letter of Intent to acquire another Beverage, Food and Specialties Distribution business located in the Florida Marketplace.  This acquisition enhances our ability to service more locations with a wider array of products.  The Company is completing the due diligence and expects to close this acquisition before the end of August.

The agreed purchase price for this business is $500,000 with cash, a note and stock valued at 0.008 per share. 

In addition to the acquisition of Best Choice Nuts, Candy and Specialties, Inc., M Line is also acquiring from the principle of Best Choice Nuts, Candy and Specialties, Inc, another 20% of Best Choice Food and Beverage, LLC.  Although both Companies use the Best Choice name they were controlled by different owners.

Tony Anish, CEO of M Line stated: “This transaction further adds to our strategic plans to expand our distribution business in Florida and using that large marketplace to support sales of our Vea, “Better for You” beverages.  In addition, we are currently finalizing significant distribution of our Vea Brand Beverage products in the US and overseas.  We are very excited by this new direction for the Company.  Stay tuned for more news as it becomes available.”

About M Line Holdings, Inc.

M Line has is a holding Company with subsidiaries in the “Better for You” Beverage branding and distribution and food and beverage distribution business as well as continuing its financial services division.  M Line will continue to explore other opportunities, particularly in the Beverage Industry.

 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 are 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.

For more information contact:
Tony Anish
info@mlineholdings.com