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Anyone else notice these trends in earnings since Mr. Cala took control of the company on 10/6/99:
End of 1999 showed a loss of (532,384)
End of 1st quarter 2000 a loss of (242,239)
End of 2nd quarter 2000 a loss of (52,728)
End of 3rd quarter 2000 a profit of $139,238
Just think where we will be a year from now!
Cala Corporation Announces Third Quarterly 450% Revenue Increase and Its First Quarterly Profit
OKLAHOMA CITY--(BUSINESS WIRE)--Nov. 13, 2000--Joseph Cala, Chairman and CEO of Cala Corporation (OTCBB: CCAA - news) today announced that revenues from continuing operations for the Third Quarter, 2000, were $1,184,745 vs. $215,515 for the same Quarter in 1999.
This 450% increase is due to Cala Corporations previously announced acquisition of the controlling interest of the San Giuseppe Molino Mill\Bakery, Etna (Il Picciolo) Golf and Country Club and Pedana Costrufer construction company. Mr. Cala added that in the Third Quarter of 1999, Cala Corporation owned and operated two Ground Floor Cafes in Oklahoma City, whereas in the Third Quarter of 2000 the company owned and operated only one Ground Floor Cafe. Mr.
Cala further announced that the net profit for the Third Quarter of 2000 was $139,238 vs. a loss of $113,062 for the same period in 1999. Year- to-date losses through nine months of 2000 were $156,635 vs. $356,832 for the same period last year. Mr. Cala stated that these results reflect Cala Corporation's continuing efforts to acquire profitable businesses that add earnings and revenue while the Undersea Resort is developing.
About Cala Corporation
Cala Corporation is a developer of international hospitality businesses with a corporate emphasis on the ownership, operation and management of hotels, resorts and casinos. Cala Corporation is currently developing the Undersea Resort and Hotel project with proposed locations throughout the world.
Contact:
Cala Corporation, Oklahoma City
Jennifer Breland, 405/235-4960
info@calacorporation.com
I have to say this was a very good day for the shareholders. Glad to see that we have support around .17 and that interest is again building in CCAA.
Penny King any thoughts on CCAA?
Solid news today:
Thursday October 26, 2:26 pm Eastern Time
Press Release
Cala Corporation Announces Continuation of Stock Buyback and Return of
Shares to Treasury
OKLAHOMA CITY--(BUSINESS WIRE)--Oct. 26, 2000--Joseph Cala, Chairman and CEO of Cala Corporation
(OTCBB:CCAA - news) today announced that the corporation has acquired an additional 1.0 million shares in a combination of
open market and private purchases for return to the company treasury.
The result of these purchases is a 1.0 million share reduction in the outstanding shares of Cala Corporation.
Mr. Cala further announced that Cala Corporation would continue its previously announced corporate buyback of additional shares of its common stock from the
open market. These additional shares will also be returned to the corporate treasury.
About Cala Corporation
Cala Corporation is a developer of international hospitality businesses with a corporate emphasis on the ownership, operation, and management of hotels, resorts,
and casinos. Cala Corporation is currently developing the Undersea Resort and Hotel project with proposed locations throughout the world.
The information in this news release includes certain forward-looking statements as defined in the ``Safe Harbor'' provision of the Private Securities Litigation Reform
Act of 1995. These statements are based upon assumptions that are subject to significant risks and uncertainties. Although the Company believes that the
expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any of its forward-looking statements will
prove to be correct. This press release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.
For further information on Cala Corporation, please contact 405/235-4960 or e-mail info@calacorporation.com.
Contact:
Cala Corporation, Oklahoma City
Joe Johnston, 405/235-4960
info@calacorporation.com
CCAA had good news today on 1million share stock buyback, but take your time and DD this one. Today's news is just the tip of the iceberg.
Thursday October 26, 2:26 pm Eastern Time
Press Release
Cala Corporation Announces Continuation of Stock Buyback and Return of
Shares to Treasury
OKLAHOMA CITY--(BUSINESS WIRE)--Oct. 26, 2000--Joseph Cala, Chairman and CEO of Cala Corporation
(OTCBB:CCAA - news) today announced that the corporation has acquired an additional 1.0 million shares in a combination of
open market and private purchases for return to the company treasury.
The result of these purchases is a 1.0 million share reduction in the outstanding shares of Cala Corporation.
Mr. Cala further announced that Cala Corporation would continue its previously announced corporate buyback of additional shares of its common stock from the
open market. These additional shares will also be returned to the corporate treasury.
About Cala Corporation
Cala Corporation is a developer of international hospitality businesses with a corporate emphasis on the ownership, operation, and management of hotels, resorts,
and casinos. Cala Corporation is currently developing the Undersea Resort and Hotel project with proposed locations throughout the world.
The information in this news release includes certain forward-looking statements as defined in the ``Safe Harbor'' provision of the Private Securities Litigation Reform
Act of 1995. These statements are based upon assumptions that are subject to significant risks and uncertainties. Although the Company believes that the
expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any of its forward-looking statements will
prove to be correct. This press release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.
For further information on Cala Corporation, please contact 405/235-4960 or e-mail info@calacorporation.com.
Contact:
Cala Corporation, Oklahoma City
Joe Johnston, 405/235-4960
info@calacorporation.com
Again another fill after the bell in between the bid & the ask. Market makers are working over time to make us look weaker
than we really are.
http://host.cnbc.com/jetson/Last_n_Trades.html?Symbol=CCAA&nocache=962047705230
Another trend that I would expect to continue is the elimination of debt. The following shows how Mr. Cala has worked at eliminating debt, while at the same working to build revenue.
End of 1999 showed Notes Payable was (893,535)
End of 1st quarter of 2000 was (414,783)
End of 2nd quarter of 2000 was (163,376)
Now read how is adding revenue to the company at the same time:
http://biz.yahoo.com/bw/000926/ok_cala.html
"Mr. Cala reported that this acquisition will generate $2.5 million in revenues starting in the fourth quarter of 2000. Future contracts booked by Pedana Costrufer of Italy are estimated at $10 million."
http://www.prnewswire.com/cgi-bin/micro_stories.pl?ACCT=147564&TICK=CCAA&STORY=/www/story/06-06-2000/0001236308&EDATE=Jun+6,+2000
" This acquisition is expected to bring immediate revenue to Cala Corporation. Annual system-wide sales for the mill and eight retail locations exceed $5 million."
Again Mr. Cala stated in a recent interview that he has all but eliminated debt. He also stated how revenue was growing on a monthly basis.
http://www.wallstreetreporter.com/interviews/sept/11/Cala.htm
By looking at these trends in earnings and debt we are able to see how this company has risen from the ashes. Mr. Cala has ran this company for one year and in that time he has gotten it off the pinks, eliminated debts, raised earnings, completed several acquisitions, built a shareholder base and has now retired over 1 millions shares of stock. Now these are just a few of the reasons to be excited about the future of this company and why at this trading level Cala offers very little downside imo.
I expect our 3rd quarter report should look outstanding if this trend continues:
Mr. Cala took control of the company on 10/6/99 and since that time our earnings have looked like this:
End of 1999 showed a loss of (532,384)
End of 1st quarter 2000 a loss of (242,239)
End of 2nd quarter 2000 a loss of (52,728)
These numbers were based on the company owning a cafe in Oklahoma City, the 3rd quarter earnings will show these acquisitions in the earnings:
1) Cala Corporation Acquires an Interest in an Italian Mill & Bakery Franchise System
http://www.prnewswire.com/cgi-bin/micro_stories.pl?ACCT=147564&TICK=CCAA&STORY=/www/story/06-06-2000/0001236308&EDATE=Jun+6,+2000
2) Cala Acquires 51% Interest in Pedana Costrufer
http://biz.yahoo.com/bw/000926/ok_cala.html
Also Mr. Cala did a great interview with WallStreetRadio.Com in the third quarter and discussed some earnings projections for this quarter and beyond that were excellent to say the least.
http://www.wallstreetreporter.com/interviews/sept/11/Cala.htm
Now if Mr. Cala has continued this upward trend in earnings, while adding solid revenue from these acquisitions then I would suspect earnings for the 3rd quarter of 2000 to be excellent imo.
Funny how the market makers didn't post a 2500 share buy at .14 until after the market closed. Makes me think that they
didn't want anyone buying today.
http://host.cnbc.com/jetson/Last_n_Trades.html?Symbol=CCAA&nocache=962047705230
TrueWest Nov. 16 is the last day they have to file the 10Q with the SEC, they are free to file it at any time before that.
CCAA is looking good on nice volume, I liked that they opened the spread up. Good sign that shares are getting harder and harder to find at this level imo. Also glad to hear Cala is going to OKC today, good things usually comes when Mr. Cala is in town. Would love to see financials filed earlier than the due date, I would expect that they should be the best that this company has seen in years.
Thanks DD, I hope I can be of assistance on this board. I see a bright future for CCAA and it's shareholders imo.
Fatt Matt if you didn't know about the Undersea Project then I think it's time you start your Due Diligence.
http://www.calacorporation.com/
Bankruptcy Magistrate Magda Cristiano of Naples, Italy has accepted Cala Corporation's bid to acquire the previously announced twenty three floor office complex in the heart of the financial district of Naples. Judge Cristiano gave Cala Corporation until October 4, 2000 to conclude negotiations with the creditors of CE.DI.NA. srl., the current owners of the property. The building's purchase price will not exceed $22 million. The complex has a reported occupancy rate of nearly 99% and generates approximately $2 million in gross annual revenue. Mr. Cala, in Naples to assist with the negotiation, stated that the appraisal value of the property far exceeds the purchase price and Cala Corporation expects favorable debt restructuring with current creditors. As stated in an earlier release, Mr. Cala plans to finance the building's purchase through present revenues and the appraised value of the complex. Annual mortgage and tax payments on the building are estimated at less than $1 million.
Today's news on Max Hunter being named to Undersea Project Board:
http://biz.yahoo.com/bw/001002/ca_cala_co.html
Also a link to a article on NASA's web site that I found:
http://www.hq.nasa.gov/office/pao/History/x-33/nasm.htm
Guys I'm starting to agree with DD on using this board instead of Raging Bull. I'm sick and tired of people pumping their sites, the more I read the IHub the more I like it.
DD nice board here on CCAA, I think most of you know how high I am on this company. Mr. Cala has a way of delivering on promises and a way of surprising us all. I look forward to strong run going into October as we get closer to Costanzo being finalized.