KCMH Completes Acquisition of 40-Year Sports Award & Memorabilia Company, Part of $10 Million Strategy; Revenues Expected to Dou
12 Juin 2008 - 2:30PM
Business Wire
KCM HOLDINGS CORP. (OTC:KCMH) has completed the acquisition of a
40-year longstanding sports award and memorabilia company located
in South Florida. The company generated annual revenues of
approximately $500,000. With the acquisition complete, KCMH
projects an increase of revenue up to $1.3 million dollars in its
first year with the implementation of adding government contracts
to this acquired company�s revenue model. This is the first
acquisition as part of KCMH�s distressed acquisition and incubation
strategy. KCMH plans to acquire and incubate at least 10 more
distressed companies within the next 5 years through proprietary
strategies, partnerships and sourcing. The projected revenue of
this strategy is $10 million in annual revenues within 5 years. As
new owners of the company, KCM plans to immediately implement
in-house proprietary business development strategies that will
include an e-commerce and branding program. The company will
compliment KCM�s other profitable in-house incubated ventures.
Visit www.thekcmgroup.com for more information on KCMH including
corporate presentations and financial reports. About KCM: KCM
HOLDINGS CORP. is a strategic business incubation and holdings
company specializing in a broad range of business development,
support, design and development ventures. Visit
www.thekcmgroup.com. Disclaimer Forward Looking Statement The
contents of this Press Release may be deemed to include
forward-looking statements within the meaning of United States
securities laws and the Private Securities Litigation Reform Act of
1995. Forward-looking statements are only predictions and should
not be relied upon for investing decisions. Actual results might
differ materially from those projected in the forward-looking
statements for a variety of reasons, including market conditions,
competition and new regulatory requirements. Forward looking
statements involve known and unknown risks, uncertainties and other
factors that may cause the Company�s actual results, levels of
activity, performance or achievements to be materially different
from any future results, levels of activity, performance or
achievements expressed or implied by the forward-looking
statements. We cannot guarantee future results, levels of activity,
performance or achievements.
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