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Wall Street Futures, a leading source of news and information for the small cap investor, announced today that it is monitoring CALI Holdings, Inc. (OTC BB: CALI) as one of its "stocks to watch" among small cap holding companies. CALI is a business development company that invests in early stage, established, and growing businesses throughout the United States.
This week, CALI announced first quarter results for one of its portfolio companies, KMA Capital Partners, Ltd., reporting that KMA has surpassed projections for Q1 2005. According to a company issued news release, KWA generated revenues of $503,000 and net income of $188,391 for the quarter. CALI also reports that KMA has signed several investment banking transactions that will significantly improve KMA's projections for 2005.
KMA also recently announced a letter of intent for CALI to acquire majority control of a southwest regional general contractor engaged in site utility construction. For the year ended 2004, the company in question generated revenues in excess of $26 million, with projections for approximately $30 million and net income of approximately $1 million in 2005.
In other news, another CALI portfolio company, Gulf Coast Records, recently partnered with The Music Choice Network for the CMA Festival June 9-12 to promote Gulf Coast Recording Artist Glenn Cummings to its audience of 38 million households. Gulf Coast also recently retained Bryan Switzer, former vice president and general manager at Atlantic Records/Nashville, for artist and radio consulting.
Shares of CALI closed Tuesday at $0.02, up nearly 100 percent over the past five days on very good volume. At this price, CALI's market cap is under $200,000, suggesting the stock still may be grossly undervalued given the company's current revenue and considerable revenue potential should KMA complete its planned acquisition. The company also has announced plans to acquire other businesses that will fuel vertical growth.
Posts: 94 | Registered: Apr 2005
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CALI: Wall Street Futures Featured Company CALI Holdings (OTC BB: CALI) Revises Forecasted Revenues for Acquisition Target. Wall Street Futures, a leading source of news and information for the small cap investor, continues its coverage of CALI Holdings, Inc. (OTC BB: CALI) as one of its "stocks to watch" among small cap holding companies.
Posts: 269 | From: St. Peters, MO | Registered: Apr 2005
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On May 9, 2005, the Company registered an offering circular with the SEC for up to 1,666,666,667 shares of common stock to be sold under Regulation E of the Investment Act to make investments in eligible emerging or early-stage companies in various fields of business by contributing capital and providing management assistance. As a Business Development Company, the Company can sell up to $5,000,000 in common stock every twelve months under an exemption from registration.
Get ready for it to be diluted.
-------------------- You wouldn't have the opportunity to be such an idiot... Posts: 577 | Registered: Nov 2004
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