Kali, Inc. Acquires Florida Marine Power Company
August 03 2016 - 2:21PM
InvestorsHub NewsWire
SARASOTA, FL -- August 3, 2016 -- InvestorsHub NewsWire -- Kali,
Inc. (OTC
PINK: KALY) is pleased to announce that it has completed
its acquisition of Florida Marine Power Company, a marine
mechanical repair, maintenance and engine installation
company.http://www.floridamarinepower.com/
Kali acquired all of the outstanding stock of Florida Marine
Power in exchange for 4 million shares of Kali's common
stock. The transaction also created a performance incentive
program for Florida Marine Power to earn additional shares of stock
for the next two years if the Company achieves quarter over quarter
revenue increases.
"The acquisition of Florida Marine Power will accelerate our
revenue generation and provide value to our shareholders. The
combination of Wave Marine & Yacht Services and Florida Marine
Power will strengthen our value proposition to our customers as we
build a portfolio of companies to service the recreational boating
lifestyle," stated Charles Yawn, CEO of Kali, Inc.
About Kali, Inc.
Kali, Inc. is a marketing and development company focused on small
to medium sized market cap companies. Wave Marine & Yacht
Services. a wholly subsidiary, of Kali, Inc., is a full-service
yacht maintenance company which provides solutions for all aspects
of the recreational boating lifestyle.
Forward-Looking Statements -- This press release contains
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended and such
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Such statements are subject to risks and uncertainties that could
cause future results to differ materially from the forward-looking
statements. You should consider these factors in evaluating the
statements herein, and not rely on such statements. The
forward-looking statements in this release are made as of the date
hereof and Kali, Inc undertakes no obligation to update such
statements.
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