SARASOTA, Florida, November 11, 2016 /PRNewswire/ --
Kali, Inc. (KALY) today announced its operating subsidiary Wave Marine & Yacht Services has engaged SYS International to provide yacht brokerage services on an exclusive basis. This will expand KALY's operational focus into a the yacht sales market with a retail market value in the United States alone of $35 billion .
KALY entered the $5 billion fragmented and underserved marina management market sector earlier this year when it acquired Wave Marine & Yacht Services as the first acquisition in comprehensive roll-up strategy. The agreement announced today substantially supplements KALY's overall market opportunity by adding to the $5 billion fragmented and underserved marina management market, a yacht sales market with a $35 billion retail value. KALY's marina management business is anticipated to be an ideal point of entry into the yacht sales market giving KALY a key differentiator in the yacht sales market.
Look for KALY to publish an on demand, online presentation next week providing an overview on KALY's overall plan to roll-up marina management firms to establish a leadership position in an industry with no current dominant player. The presentation will include KALY's plan to enhance the marina management opportunity with the addition of vital ancillary services such as the yacht brokerage services announced today.
Learn more about KALY: http://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.