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Growth Company CALI Holdings Announces Revenue Tuesday July 26, 9:15 am ET
ORLANDO, Fla.--(BUSINESS WIRE)--July 26, 2005--CALI Holdings, Inc. ("Company" or "CALI") (OTCBB: CALI - News) announced today that the Company is currently preparing the filing of its Form 10K Annual Report for the period ending June 20, 2005, and management believes the report will show a significant increase in management fees through its wholly owned subsidiary TS&B Financial Services Inc.
During the past third and fourth quarters, TS&B Financial Services billed approximately $463,000 in consulting fees for financial and managerial consulting services for the restructuring of a publicly traded client company. Management provided the financial expertise necessary to keep the client current in all its SEC filings, as well as provided strategic direction on issues related to SEC compliance. The consulting revenue represents a significant increase in management consulting fees over previous periods. CALI also received securities valued at $105,000 in a separate transaction. During the last quarter CALI made an investment of $17,000 in a startup company that produces highly profitable direct mail pieces known as sales transactional media, a company recently taken public through a 504 registration by a portfolio company of CALI Holdings, Inc., KMA Capital Partners.
James J. Jenkins, CEO stated " CALI is generating revenue from its financial consulting subsidiary, which is a component of the BDC charter, i.e., to provide management expertise to client companies. CALI continues to execute its business plan as a BDC."
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
IS TODAY CALI"S DAY?
-------------------- Lookin for the money
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