$KALY 8-1-16 : Kali, Inc. Acquires Florida Marine
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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.
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