SOURCE: Kali, Inc.
June 29, 2016 15:52 ET
SARASOTA, FL--(Marketwired - Jun 29, 2016) - Kali, Inc. (OTC PINK: KALY) announced today that is has acquired 100% interest in Wave Marine & Yacht Services, Inc., a Florida based single source yacht and boating maintenance provider.
Wave Marine & Yacht Services provides the highest levels of quality and service to the marine community. Its staff is skilled at providing the maintenance necessary to protect yacht and boat owners' investments for years to come. For more information, please go to http://www.wavemarineservices.com
With the acquisition of Wave Marine & Yacht Services, Kali will focus its efforts on the recreational boating industry which is expected to continue its annual growth and increased participation. According to the 2016 ITA Recreational Transportation Top Markets Report, "The U.S. recreational boat industry is the strongest it has been in years. U.S. expenditures on boating products, as measured by the National Marine Manufacturers Association (NMMA), increased by a compound annual rate of 4 percent from 2009 to 2014... The U.S. boat market is very dependent on consumer confidence and personal disposable income. U.S. consumer confidence has rebounded to levels similar to 2007, just prior to the last recession."
About Kali, Inc.
Kali, Inc. is a marketing and development company focused on small to medium sized market cap companies. The company targets service and product companies that provide opportunities in sustainable growth industries.
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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