With this KALO $200 Million Contract...
This $200 Million deal that KALO has filed in a Form 8-K with the SEC looks to be very real. Here is the Form 8-K and the news again for all to review:
Quote:
http://www.sec.gov/Archives/edgar/data/1389034/000100201414000027/kalo8k-1222014.htm
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
Kallo Inc. has signed a Supply Contract worth $200,000,925.00 US (Two Hundred million nine hundred and twenty-five US dollars) for the supply and maintenance of Kallo MobileCare and RuralCare with the Ministry of Health and Public Hygiene of the Government of the Republic of Guinea. The Supply Contract was signed by the Minister of Health and Public Hygiene, his Excellency Doctor Edouard Niankoye LAMA, and Mr. John Cecil, CEO of Kallo Inc.
This signing of this Supply Contract is further to an announcement made by the Minister of Health and Public Hygiene of Guinea on December 6th, 2013.
ITEM 7.01 REGULATION FD DISCLOSURE.
We announced the signing of a US$200,000,925.00 (Two Hundred million nine hundred and twenty-five US dollars) Supply Contract with the Ministry of Health and Public Hygiene of the Republic Of Guinea.
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http://www.otcmarkets.com/stock/KALO/news
Republic of Guinea Will Start Implementation of Kallo MobileCare & RuralCare in Q1-2014
CONAKRY, GUINEA, Dec 09, 2013 (Marketwired via COMTEX) -- Kallo Inc. (OTCQB: KALO) -- The Minister of Health and Public Hygiene, his Excellency Doctor Edouard Niankoye Lama announced today that Guinea will implement a unique healthcare delivery program to bring a high standard of healthcare to its rural population and accelerate the progress towards Guinea's healthcare Millennium Development Goals.
"Child mortalities and maternal health (Millennium Development Goals 4 and 5) are a major cause of concern for our government, and once fully implemented, this US 200 million dollar Healthcare project will help reduce infant mortality, enhance maternal health and deliver a high standard of healthcare in Guinea." said his Excellency Doctor Edouard Niankoye LAMA - Ministre de la Sante et d'Hygiene Publique, Guinea.
"As Guinea prepares for exponential economic growth, we need to ensure that our people are healthy and have access to quality healthcare. To achieve this, a blended program of MobileCare and RuralCare from Kallo Inc. -- a US company -- is expected to commence implementation in the first quarter of 2014 and over the following 24 months Mobile Clinics, Polyclinics, Utility Vehicles and Ambulances will provide medical services locally to the people of Guinea. The most exciting part of this program is the Education and Training of Guinea's healthcare workforce and the relatively short delivery time that Kallo Inc. has committed to, this will raise the level of education of our healthcare workforce, and achieve WHO mandated healthcare objectives quickly," continued his Excellency Doctor Edouard Niankoye LAMA.
The Mobile Clinics, Polyclinic, ambulances and utility vehicles will all be monitored through an administration center and clinical services will be coordinated, synchronized and monitored by a clinical and Administrative command center. "It is a unique healthcare delivery system designed after detailed discussions with Guinea's Ministry of Health for its rural population. Kallo is honored to bring this benefit to the people of Guinea," said John Cecil, Chairman and CEO of Kallo Inc.
About Kallo, Inc.
Kallo improves the quality and efficiency of care by providing centralized congruent solutions that address healthcare and business issues for ministries of health, hospitals, physicians & other healthcare organizations. The company's technology suite transforms healthcare delivery via rural healthcare, disease management, clinical globalization and oHealth solutions.
For more information on Kallo and ongoing business developments, please visit www.kalloinc.ca.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information 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, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Media contact:
John Cecil or Vince Leitao
416-246-9997
http://www.kalloinc.ca
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