Cal-Bay International Retires 400 Million Shares of Common Stock
March 28 2012 - 9:35AM
Marketwired
Cal-Bay International, Inc. (PINKSHEETS:
CBYI)
today announced the company has acquired 400
Million common stock shares of Cal-Bay International, Inc. from
current shareholders in a private transaction and has immediately
retired those shares.
Interim CEO Larson Coleman commented, "The
retirement of 400 Million common shares of qualified aged stock
reduces the issued and outstanding shares by 13.1%; we anticipate
this action demonstrates to shareholders and Investors Cal-Bay's
new management's serious intent to rebuild and return the company
to a long term profitable entity."
ABOUT CAL-BAY INTERNATIONAL: Primarily a
Residential & Commercial Real-Estate acquisition and
development company, Cal-Bay plans to continue the acquisition of
distressed and undervalued residential and commercial real estate
along with land acquisitions. The land and commercial properties
being primarily for use by its own subsidiary companies for the
production of "Clean Energy & Power Technologies and Energy
Saving Solutions" creating a multi-level revenue center for the
company and its Investors. More Information will be available on
the company website currently operational and under ongoing
development. www.calbayinternational.net
Safe Harbor Statement: Safe harbor from
liability established by the Private Securities Litigation Reform
Act of 1995. These forward-looking statements generally can be
identified by phrases such as CBYI or its management "believes,"
"expects," "anticipates," "foresees," "forecasts," "estimates" or
other words or phrases of similar import. Similarly, statements
herein that describe the Company's business strategy, outlook,
objectives, plans, intentions or goals also are forward-looking
statements. All such forward-looking statements are subject to
certain risks and uncertainties that could cause actual results to
differ materially from those in forward-looking statements.
Contact: Investor Relations: Cal-Bay International, Inc:
866-501-8564 IR@calbayinternational.net
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