$KALY 8-1-16 : Kali, Inc. Acquires Florida Marine Power Company OTC: KALY
Florida Marine Power Company, a marine mechanical repair, maintenance and engine installation company. http://www.floridamarinepower.com/ Kali acquired all of the outstanding stock of Florida Marine Power in exchange for 4 million shares of Kali's common stock. The transaction also created a performance incentive program for Florida Marine Power to earn additional shares of stock for the next two years if the Company achieves quarter over quarter revenue increases.
Florida Marine Power Company, a marine mechanical repair, maintenance and engine installation company. http://www.floridamarinepower.com/ Kali acquired all of the outstanding stock of Florida Marine Power in exchange for 4 million shares of Kali's common stock. The transaction also created a performance incentive program for Florida Marine Power to earn additional shares of stock for the next two years if the Company achieves quarter over quarter revenue increases.