SARASOTA, Florida, February 23, 2017 /PRNewswire/ --
Kali, Inc. (USOTC: KALY) released highlights today from the Company's Puerto Rico site visit conducted in conjunction with the recently announced $10 million contract with Harbormaster Development. Management from the two companies met in Puerto Rico to walk the targeted marina site and to prospect additional potential projects. The site visits and local potential partner meetings presented an even more attractive opportunity than originally contemplated. Harbor Master and KALY have begun drawing up plans for two additional locations in Puerto Rico, one of which would include a hotel. The anticipated expansion is preliminarily expected to increase the original contract agreement between Harbormaster and KALY to $30 million. Photos from the visit have been posted to the Company's strategic plan news site and a more detailed trip report is planned for release next week.
KALY's $56 Billion Market Opportunity
Last year, KALY 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 KALY'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, KALY's total market sector opportunity encompasses over $56 billion.
Learn more about KALY: www.wavemarineservices.com
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 (the "Exchange Act"), and as such, may involve risks and uncertainties. These forward looking statements relate to, amongst other things, current expectation of the business environment in which the company operates, potential future performance, projections of future performance and the perceived opportunities in the market. The company's actual performance, results and achievements may differ materially from the expressed or implied in such forward-looking statements as a result of a wide range of factors.
SOURCE Kali Inc.