CARROLLTON, Texas, July 6, 2011 /PRNewswire/ -- The Kiley Group,
Inc. (KGRI.PK) is pleased to announce the following shareholder
updates:
The Kiley Group has entered into negotiations with a privately
held international agricultural distributor. The Kiley Group
would receive twenty percent of the gross revenues of the company
for the five year term of the joint venture. Currently, the
potential distributor is producing revenues of approx $500,000 per year. With the signing of the
agreement, The Kiley Group would be responsible for raising the
capital investment into the joint venture as well as consulting
with management for the expansion of their distribution channels.
The size of the capital investment is yet to be determined, but
would not exceed more than $250,000.
Revenues are projected to increase to 2.5M within 18 to 24 months
and 4M within the 5 year term of the joint venture based on current
contracts that company already holds.
William Smart, President of The
Kiley Group added, "This newest venture has the potential to be
very profitable for our company. Although this venture is
smaller in scale than the other ventures with which we are
currently engaged, diversification of our holdings only provides
stability and increased market sectors for revenue generation. We
look forward to ironing out the details of the agreement within the
next 30 days."
SAFE HARBOR AND INFORMATIONAL STATEMENT
This press release may contain forward-looking information
within the meaning of Section 21E of the Securities Exchange Act of
1934, as amended (the Exchange Act), including all statements that
are not statements 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
condition 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 intended to identify
forward-looking statements. Investors are cautioned that any such
forward-looking statements are not guarantees 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 registration statement and reports filed with the SEC.
The Company claims the safe harbor provided by Section 21E(c) of
the Exchange Act for all forward-looking statements.
SOURCE The Kiley Group, Inc.