Businessman acquires substantial stake in KLE Group

Businessman Joseph Bagdanovich has acquired a substantial stake in the KLE Group, in keeping with the company’s strategy to grow the organisation.
     
Some directors, who previously held significant volumes of  shares in the company, agreed to sell some of  them on the open market, so more would be available to the general public.
 
Last week KLE Directors sold 8.1 million shares; and on Tuesday it was revealed that 5.89 million shares were also sold last week Tuesday.
    
CEO of the KLE Group, Gary Matalon, said in a statement, that Bagdanovich's investment in the company, is particularly valuable at this time, as it seeks to expand internationally and develop the Tracks & Records brand.
 
Matalon argues that KLE hopes to benefit from his vast experience in the field of entertainment; and his network of international contacts.