Cal-Bay Appoints New CEO
April 16 2012 - 3:24PM
Marketwired
Cal-Bay International, Inc. (PINKSHEETS:
CBYI)
today announced the company appointed Larson
Coleman as Chief Executive Officer.
Mr. Coleman was formerly the company's Interim
CEO after the resignation of Kevin Denniston earlier this
year.
Mr. Coleman stated, "I foresee a lot of
opportunities for the growth of Cal-Bay in the real estate sector
and now by becoming a full time Board member, I will start closing
some of the pending acquisitions. I also plan to bring additional
seasoned members to the Board of Directors and start the formation
of the subsidiary divisions. Before the Real Estate meltdown of
2006, Cal-Bay was a $65M real estate holding company. I see no
reason with the current market opportunities why we cannot rebuild
beyond that in relatively short order."
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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