Kali, Inc.'s Subsidiary, Wave Marine & Yacht Services, Appoints Senior Yacht Captain
SARASOTA, FL -- (Marketwired) -- 09/20/16 -- Kali, Inc. (OTC PINK: KALY) is pleased to announce that Darrell Kee has been appointed Senior Yacht Captain of its subsidiary, Wave Marine & Yacht Services.
Kee joins Wave Marine with an extensive background in the marine industry. He started his career in the Navy where he served as a Helicopter rescue swimmer. He has spent over 26 years as a Dockmaster at various establishments including Seafood Shack Marina, Galati Marine and Longboat Key Moorings. He has been a licensed yacht captain for 28 years and holds a 100 ton Master certification. Kee has also served as Captain for a 110' 300 passenger boat for over 5 years and has also utilized his skills as a boat club instructor. He has worked the gulf coast markets.
"We are thrilled to have such an experienced, knowledgeable Captain join our team and lead our yacht delivery department. His background is a tremendous asset for Wave Marine and his work ethic and commitment to safety are in line with our corporate philosophy," stated JR Bott, CEO of Wave Marine & Yacht Services
Kali, Inc. Achieves New Business Growth in 2016
Referrals Drive Revenue Growth
SARASOTA, FL--(Marketwired - Aug 17, 2016) - Kali, Inc. (OTC PINK: KALY) reported today that it has achieved new business growth through its wholly owned subsidiaries, Wave Marine & Yacht Services and Florida Marine Power.
The Company implemented an aggressive acquisition strategy and successfully closed two key acquisitions over the past two months. The philosophy of both marine services companies acquired has been to drive profitability through customer referrals and grass roots marketing. Wave Marine & Yacht Services has reported quarter over quarter revenue growth, driven solely by repeat customers and referrals. The referrals not only include former customers, but nationally recognized marinas that have acknowledged Wave's value and quality of service.
"Utilizing our existing relationships has helped to quickly fuel our growth. With a strong network that includes contacts within our footprint and a marketing plan directed outside of our current areas of service, we will ensure continued quarter over quarter growth," stated JR Bott, CEO of Wave Marine & Yacht Services, Inc.
"We are currently finalizing our marketing campaigns for both subsidiaries. Our company has achieved growth with virtually no marketing except for word of mouth. This is a testament to our commitment and superior level of service. Once we execute our marketing plan, we believe we will surpass our projections. We are excited by the future and the dynamic opportunities that lie ahead," stated Charles Yawn, CEO of Kali, Inc.
Oct 18, 2016
OTC Disclosure & News Service
Kali, Inc. to Expand Operations to Support Growing Client Base
SARASOTA, FL--(Marketwired - Oct 18, 2016) - Kali, Inc. (OTC PINK: KALY) announced today that it has identified two potential acquisition targets to expand its yacht maintenance operations. Due to the increase in business, the Company is looking to purchase a yacht maintenance and repair facility/storage yard to accommodate the needs of its growing client list.
JR Bott, the President of Wave Marine & Yacht Services, a subsidiary of Kali Inc., is leading this effort and has visited two facilities that meet the Company's requirements. "Our plan is to become a lifestyle company that offers services and amenities to best serve the boating community. We are growing at an accelerated pace and are thrilled by our expanding client list. We are moving into the due diligence phase with plans of closing on a facility to support our growth within the next sixty days."
The outlook for the marine market continues to be positive. According to the Marine Fabricator 2016 State of the Industry report, 2016 boat production is expected to grow 8.8 percent compared to 2015. In 2015, the United States continued on the path to sustained economic improvement, realizing a greatly improved job market, increased consumer confidence and consumer spending over two percent. It has been reported that more people in the U.S. are taking to the water with 90 million people participating in recreational boating at least once in 2015.
"The Boat Dealership and Repair Industry alone has a market size of $20 billion in revenue with no clear dominate players. As disposable income continues to increase, industry revenue is expected to rise. We are working aggressively to position Kali, Inc. as a leading player in this market. The acquisition of a maintenance and repair facility will prime us for increased revenue growth. With the additional services and projects that we will be able to accommodate, we are projecting an increase of revenue of $284,000 per month," stated Charles Yawn, President of Kali, Inc.