Cal-Bay International Retires 400 Million Shares of Common Stock

Date : 03/28/2012 @ 2:35PM
Source : Marketwired
Stock : Cal-bay International, Inc. (PN) (CBYI)
Quote : 0.000001  0.0 (0.00%) @ 1:00AM

Cal-Bay International Retires 400 Million Shares of Common Stock

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

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

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