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.
DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed MNU has been compensated three thousand nine hundred dollars for news coverage of the current press release issued by Kali, Inc. by a non-affiliated third party. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E 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. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.
Media Contact email: firstname.lastname@example.org - +1(561)325-8757