SOURCE: Kali, Inc

July 27, 2016 08:00 ET

Kali, Inc. Signs Letter of Intent to Acquire Florida Marine Power Company

SARASOTA, FL--(Marketwired - Jul 27, 2016) -  Kali, Inc. (OTC PINK: KALY) is pleased to announce that it has executed a letter of intent to acquire Florida Marine Power Company, a marine mechanical repair, maintenance and engine installation company.

Florida Marine Power is a well-known brand in the Florida marine industry and has become one of Sarasota and Manatee County's most recognized yacht service providers. It has a strong customer centric reputation and has built an extensive network of vendors and suppliers with long-standing contracts in place.

Due diligence is in its final stages and the definitive agreement is expected to be finalized in the next 7 days per the terms of the LOI.

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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