Kali Inc (OTCMKTS:KALY) shares were up 7.59% on Wednesday as
the company continued to carve its place in the boating lifestyle
niche.
Small Cap Exclusive Article By Peter James Peters Published
November 24, 2016
Republished By Wall Street Corner Report November 25, 2016
Kali Inc (OTCMKTS:KALY) shares were up
7.59% on Wednesday to $0.0390 and flat in after-hours trading.
Share prices have been trading in a 52-week range of $0.02 to
$0.25. The company has a market cap of $10.81 million at 50.25
million shares outstanding.
Kali Inc is a marketing and development company. Formerly
known as VLOV Inc, it focuses on small to medium size market
capitalization companies. It is involved in trading and brokering
of heavy fuel oils, occasionally consulting with other
companies to determine the methods of removing contaminants from
hydrocarbon products that have degenerated due to age or accidents,
thereby returning the product to the original use or secondary
markets.
The company has also made its investment in the $5 billion
fragmented and underserved marina management market when it
acquired Wave Marina & Yacht Services. It plans on adding
complimentary business lines that will increase its overall
revenue opportunity in addition to building an asset rich balance
sheet.
Earlier this month, Kali Inc announced the appointment of JR
Bott as Chief Operating Officer, who previously joined the company
as its CEO and President of operating subsidiary Wave Marina &
Yacht Services. Bott has over 40 years of boating expertise
and a wealth of experience in sales, business development, and
marketing, being a licensed and certified yacht broker in the
state of Florida.
JR is an exceptional asset that I expect will contribute
substantially to Kali’s ability to accelerate our marina services
roll-up strategy,” said Charles Yawn, Kali Inc CEO. “At Wave he has
demonstrated an in-depth industry knowledge and obvious overall
management experience that can only come through years of senior
management experience. Kali is ready from a management perspective
to sail forward into a standout, leadership position within the
marina management sector.”
A few days later, Kali Inc announced that it is registering
for the International Marina & Boat Conference scheduled
January 25-27, 2017 in Fort Lauderdale, Florida in order to advance
its Marina Management strategic plan. This conference is the
leading marina and boatyard conference, geared specifically
toward marina and boatyard owners, operators, and managers, as well
as dockmasters, harbormasters, boat builders and repairers, and
industry consultants.
Kali Inc also published an online
presentation providing a progress report on
its ongoing execution of its strategic business plan to
carve-out a niche in the High Net Worth Individuals (HNWI)
population which is projected to reach a collective wealth of $100
trillion by 2025. According to the company’s industry analysis,
there is no other firm that is tapping this market that is about to
boom.
The potential to build upon where KALY has started is limited
only by your imagination. KALY’s balance sheet could also
grow rapidly on the asset side with the future inclusion of owning
marina real-estate. The ancillary marina services from
restaurants and cafes to concierge services of all sorts has the
potential to outpace the core marina services revenue,” the
presentation noted.
Among its updates is its exclusive agreement with SYS
International to provide yacht brokerage services, thereby
getting a stake in the secondary yacht market as well. The company
has previously acquired Florida Marine Power Company, which is a
boat service firm, as part of its roll-up targets.
DISCLAIMER: There is a substantial risk of loss with any
speculative asset, especially small cap stocks. The opinions
expressed are those of the author, and do not constitute
recommendations to buy or sell a stock. Do your own research before
committing capital.
Previous Feature: AMERICAN GREEN INC (OTCMKTS:ERBB) GETS GO
SIGNAL FOR GROW FACILITY
Original Article Republished By Wall Street Corner Report
Wall Street Corner Report
Wall Street Corner Report is the premier discovery site for
promising, yet undiscovered small and micro-cap stocks featuring
opportunities in an ethical, professional, and responsible manner.
We're not fiendishly 'short' sighted nor are we here to dream the
impossibly 'long' dream. We take a practical view on the big
ideas of well-intentioned management and look to profit on each
reasonably achievable step the well intentioned mangers take toward
their big ideas.
http://www.wallstreetcornerreport.com/
https://twitter.com/WallStCornerRpt
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
(the "Exchange Act"), and as such, may involve risks and
uncertainties. These forward looking statements relate to, amongst
other things, current expectation of the business environment in
which the company operates, potential future performance,
projections of future performance and the perceived opportunities
in the market. The company's actual performance, results and
achievements may differ materially from the expressed or implied in
such forward-looking statements as a result of a wide range of
factors.
Jack Taylor
info@wallstreetcornerreport.com