SARASOTA, Florida, November 29, 2016
SARASOTA, Florida, November 29, 2016 /PRNewswire/ --
Kali Inc (KALY) today announced engaging CapRock Research to initiate independent analyst coverage with a first research report that is expected to include near and long-term stock price target recommendations anticipated to be published within the next two weeks. 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 a comprehensive roll-up strategy. Industry analysis indicates that no dominant player currently exists in the marina management market. With no dominant player, KALY management considered engaging analyst coverage as an important step in communicating the value of KALY's efforts within an industry as of yet receiving little attention. KALY's plan is to build upon the $5 billion marina management market opportunity by adding complimentary business lines that will increase the Company's overall revenue opportunity in addition to building an asset rich balance sheet.
KALY Online Presentation On Strategy to Carve-Out Niche in $100 Trillion Market
KALY recently published an online presentation providing a progress report on the Company's ongoing execution of its strategic business plan to carve-out a niche in the High Net Worth Individuals (HNWI) population anticipated by Capgemini to reach a collective wealth of over $100 trillion by 2025. Specifically, KALY is pursuing the HNWI boating hobby and lifestyle niche.
MarinaMax Inc and Atlantic Marina Holdings Notable Sector Comparisons
KALY management has pointed CapRock Research to MarinaMax Inc. (NYSE: HZO) and Atlantic Marina Holdings (http://www.altanticmarinaholdings.com ) as notable sector comparisons. KALY management knows competition in a sector is healthy. Competition validates the opportunity and contributes to establishing an industry metric for an as of yet sector with little attention. MarinaMax currently has a market capitalization approximately twice the size of its shareholder equity and equal to roughly ten times its earnings. KALY anticipates the upcoming KALY research report from CapRock to not only provide guidance on the KALY investment opportunity, but to bring more attention to the entire marina management sector potentially having a positive impact on current valuations.
Learn more about KALY: 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.