DUBLIN, Calif., July 14, 2014 (GLOBE NEWSWIRE) -- via PRWEB - KM Wedding Events Management Inc., (OTC Pink:KMWE) market leader in South Indian wedding event management, announced its plan to operate multiple banquet halls in US and India. Primary objective of this expansion is to provide comprehensive Wedding Services for the US Indian residents who are planning to get married in either in India or United States of America.
KM Wedding has over 600,000 global Indian matrimony profiles registered with it. In the year 2013 alone, KM Wedding facilitated over 30,000 weddings through their online and offline matchmaking services.
With the captive matrimonial customer base acquired & serviced over the last decade, KM Wedding started to offer wedding planning, catering, photography and theme wedding services since 2010. In addition to the above, KM Wedding is now extending its services into the banquet hall space to provide complete wedding solution to its customers.
In the next 2 years, KM Wedding is planning to operate 10 banquet halls and the anticipated revenue from these operations will be 15 million dollars at the end of 24 months. Two of these halls are expected to be operational by Q4 2014.
"KM Wedding banquet halls will enable us to serve our growing customer needs by providing end to end wedding management services" said Mrs. Meera Nagarajan, CEO of KM Wedding and she added. "Customers are very excited that they will be able to conduct their weddings in traditional Indian style with religious rituals, music, dance and food without any stress using our full range of services."
"Our mission is to render exceptional service to our customers. Banquet halls will strengthen our service offerings and we will be one–stop-solution for all our customers' wedding needs" said Mr. T. V. Mohan, Chairman.
About KM Wedding:
KM Wedding Events Management Inc. (OTCPink:KMWE) is one of the leading and comprehensive wedding services provider for South Indian customers in US and India. KM Wedding offer a wide range of wedding services to their customers such as wedding planning, wedding shopping, catering, organizing concept and theme weddings. KM Wedding operates through two brands 'Kalyanamalai' (for Matrimonial services) and 'Athithi' (for Wedding Services). For more information about KM Wedding, visit http://www.kmweddingevents.com.
This release contains "forward-looking statements" for purposes of the Securities and Exchange Commission's "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934. These forward-looking statements are subject to various risks and uncertainties that could cause KM Weddings actual results may differ materially from those expressed herein due to many factors, including, without limitation: our ability to capitalize on the conversion of our matrimonial service into our wedding event services and the risk factors identified in KM Weddings filings with the Securities and Exchange Commission.
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