KALY Featured On BARRONs - Marina Management and Development Projects Thriving with New Multi-Million Dollar Contracts
December 07 2016 - 11:55AM
InvestorsHub NewsWire
Harbor - Marina Management and Development Projects Thriving
with New Multi-Million Dollar Contracts
PALM BEACH, FL -- December 7, 2016 -- InvestorsHub NewsWire --
New marina development and redevelopment multi-million dollar
projects not only are offering modern boaters better alternatives,
but also prove to be worth the venture by providing million dollar
revenue generating opportunities as well as boosting local
economies with the creation of new jobs. Marine management and
development companies in focus in the markets include: Aegean
Marine Petroleum Network Inc. (NYSE: ANW), Kali, Inc. (OTC: KALY),
MarineMax, Inc. (NYSE: HZO), Brunswick Corporation (NYSE: BC) and
Orion Group Holdings, Inc. (NYSE: ORN).
Kali, Inc. (OTC: KALY) today announced a contract with
Harbormaster Development to manage the development of a new
Caribbean marina. The project is currently slated for a specific
property in Puerto Rico. Harbormaster Development has contracted
Kali to manage an estimated $10 million development project and to
subsequently manage the ongoing marina operation. The contract
guarantees a $1 million management fee to Kali for the development
phase of the project with various performance incentives that could
lead to more revenue. The overall term of the contract is five
years with the services agreement transitioning from project
management to operational management at the end of the development
phase. The agreement between Harbormaster and Kali includes an
equity participation option for Kali. The development phase of the
project is anticipated to start in 2017 and continue into 2018.
Read this and more news for Kali at: http://marketnewsupdates.com/news/kaly.html
KALY's $56 Billion Market Opportunity - Earlier this year, Kali
announced its entry into the $5 billion fragmented and underserved
marina management market sector with the acquisition of Wave Marine
& Yacht Services as the first acquisition in a comprehensive
roll-up strategy. Since Kali's initial entry into the marina
management sector, the Company has subsequently announced expanding
into additional market sectors complimentary to marina management.
Between the marina management sector and the complimentary sectors,
Kali's total market sector opportunity encompasses over $56
billion. SEE KALY's STRATEGIC OVERVIEW AND MARKET EXPANSION UPDATES
at https://www.marina-rollup.com/
In other sector comparable news and developments in the
markets:
MarineMax, Inc. (NYSE: HZO) closed up slightly on Tuesday at
$20.55 on just over 220,000 shares traded by the market close.
MarineMax, Inc. operates as a recreational boat retailer in the
United States. It sells new and used recreational boats, including
pleasure boats, such as sport boats, sport cruisers, sport yachts,
and yachts; fishing boats; convertible yachts; motor yachts; jet
boats; and ski boats.
Aegean Marine Petroleum Network Inc. (NYSE: ANW) closed up
slightly on Tuesday at $11.80 on just over 320,000 shares traded by
the market close. Aegean Marine Petroleum Network, Inc., together
with its subsidiaries, operates as a marine fuel logistics company
that markets and supplies refined marine fuel and lubricants to
vessels in port, at sea, and on rivers worldwide.
Brunswick Corporation (NYSE: BC) announced in Mid November it
has acquired the assets of Payne`s Marine Group of Victoria,
British Columbia, a leading wholesale distributor of marine parts
and accessories (P&A) in Canada. Terms of the transaction were
not disclosed. Payne`s had sales of approximately USD$17 million in
2015. Payne`s marine distribution business will become part of
Brunswick`s global P&A distribution business, which is operated
by Brunswick`s Mercury Marine division, based in Fond du Lac,
Wis.
Orion Group Holdings, Inc. (NYSE: ORN) a leading specialty
construction company, announced at the end of November a contract
award of approximately $22 million. The Company's Heavy Civil
Marine Construction segment, Orion Marine Group, was recently
awarded a contract for a reconstruction project from the City of
Savannah, Georgia. The project entails improvements to storm water
drainage facilities for the Bilbo Canal and will begin during the
first quarter of 2017 with a duration of approximately 24 months.
HL. The company expects to complete its BLA submission by the end
of the first quarter of 2017.
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Link To Barrons Feature: http://www.barrons.com/articles/PR-CO-20161207-907041
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