Cal-Bay Confirms Acquistion Letter of Intent With U.S. Tire Manufacturer
November 19 2012 - 09:20AM
Cal-Bay International, Inc. (PinkSheets:CBYI) Today confirmed the
company has signed an acquisition Letter of Intent with a
US tire manufacturing company for the controlling Interest of
Cal-Bay International, Inc.
Cal-Bay Spokesperson Larson Coleman today confirmed the
execution of the agreements between the two companies.
Mr. Coleman further commented the Tire Manufacturer will be
announcing name and symbol changes for Cal-Bay International, along
with the appointment of the new Board of Directors and Corporate
relocation upon notification from "Finra" of the
approved requested corporate changes. No past or present
Offices or Directors of Cal-Bay International, will be assigned to
the newly appointed Board after the definitive agreement closing
date.
Mr. Coleman stated, "Cal-Bay shareholders and Investors along
with most of the company's Real Estate Investment Corporations have
not witnessed the expected turnaround in the Real Estate sector,
thus it seems prudent for Cal-Bay to take advantage of the
opportunity to transform into a sector for automotive manufacturing
generating consistent annual revenues and significant profits."
The Tire Manufacturing Company currently not disclosed publicly,
under the terms of the acquisition agreement, will be releasing
Corporate Information, Financials, Revenue, Patent and Asset
Information along with Company Website, Contact and Products
Information simultaneously with OTC Markets Information updates
upon completion of the definitive agreements.
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.
IR@calbayinternational.net
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