Growth Company CALI Holdings, Inc. Announces Results for KMA Capital Partners, LTD. for 1st Quarter of 2005
Tuesday June 7, 4:05 pm ET
ORLANDO, Fla.--(BUSINESS WIRE)--June 7, 2005--CALI Holdings, Inc. (Company) (OTCBB:CALI - News) announces 1st quarter results for portfolio company KMA Capital Partners, Ltd. (KMA).
KMA has surpassed its projections for the first quarter of 2005, generating revenues of $503,000 and net income of $188,391. KMA has signed several investment banking transactions that will significantly improve KMA's forecasted projections for 2005. KMA's first quarter results represent 70% of KMA's last year's total revenue.
James J. Jenkins, CEO of CALI stated, "The management of CALI is very pleased by KMA's quarterly results. The Company's portfolio investment has surpassed KMA's projections for the first quarter and should show similar results going forward."
About CALI Holdings Inc.
CALI Holdings Inc. is a Business Development Company under the Investment Act of 1940 aggressively seeking opportunities in emerging and fast growth industries. www.caliholdings.com
Tuesday June 7, 4:05 pm ET
ORLANDO, Fla.--(BUSINESS WIRE)--June 7, 2005--CALI Holdings, Inc. (Company) (OTCBB:CALI - News) announces 1st quarter results for portfolio company KMA Capital Partners, Ltd. (KMA).
KMA has surpassed its projections for the first quarter of 2005, generating revenues of $503,000 and net income of $188,391. KMA has signed several investment banking transactions that will significantly improve KMA's forecasted projections for 2005. KMA's first quarter results represent 70% of KMA's last year's total revenue.
James J. Jenkins, CEO of CALI stated, "The management of CALI is very pleased by KMA's quarterly results. The Company's portfolio investment has surpassed KMA's projections for the first quarter and should show similar results going forward."
About CALI Holdings Inc.
CALI Holdings Inc. is a Business Development Company under the Investment Act of 1940 aggressively seeking opportunities in emerging and fast growth industries. www.caliholdings.com