Cal-Bay Appoints New CEO

Date : 04/16/2012 @ 3:24PM
Source : Marketwired
Stock : Cal-bay International, Inc. (PN) (CBYI)
Quote : 0.0001  0.000099 (9900.00%) @ 4:58PM

Cal-Bay Appoints New CEO

Cal-bay International, Inc. (PN) (USOTC:CBYI)
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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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