Press Release Source: Kaloca Holdings Corp. On Wednesday, March 21, 2012
NEWPORT BEACH, CA–(PRNewswire – 3/21/12) – Kaloca Holdings Inc. (7TU1.F, WKN A1JHK0) today announced its wholly-owned subsidiary, Global Trading Group Inc and its Vietnam-based subsidiary Hoang Le Gia Joint-Stock Company (HLG) collectively have exceeded its revenue forecast expectation with well over $17,000,000 (seventeen million) USD booked for year end 2011.
Under the terms of the agreement signed late last year, Kaloca Holdings acquired fifty one percent (51%) of HLG shares in a share exchange agreement. In addition, Kaloca will have an option to own one hundred percent (100%) interest in Vietnam’s Top 3 leading auto importer.
About Global Trading, Inc. (www.gtg-co.com)
Global Trading Group Inc. (GTG) is a new/pre-owned luxury auto importer that specializes in a wide range of imports including the sale of Bentley, Rolls Royce, Ferrari, Lamborghini, Mercedes Benz, BMW, Lexus, Porsche and Audi cars. Our office is conveniently located in heavy Vietnamese-concentration
About Kaloca Holdings Inc. (www.kaloca.com)
Kaloca Holdings is engaged in the business of developing, operating and investing in selective growth companies in related technologies and online, networking social media sites. The company’s objective is to create significant value and build long-term capital appreciation for its stakeholders.
Kaloca Holdings seeks to develop and participate in investment opportunities that can capitalize on its distinctive competencies and contribute to its inter-company synergies. The primary scope in related technologies and online services will include the following categories: E-commerce, Internet infrastructure companies, Asian Web/social media networking sites, IT software consulting and offshore development services.
This release contains forward-looking statements within the meaning of Section 27a of the Securities Act of 1933, as amended and section 21e of the Securities and Exchange Act of 1934, as amended. Those statements include the intent, belief or current expectations of the company and its management team. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Accomplishing the strategy described herein is significantly dependent upon numerous factors, many that are not in management’s control. Some of these factors include the ability of the company to raise sufficient capital, attract qualified management, attract new customers and effectively compete against similar companies.
SOURCE: Kaloca Holdings, Inc.
Contact: Derek Nguyen (714) 883-6000