RushNet Inc (RSHN)

[gamood]

OT....Cal-Bay International's Review of NOBO List Leads to Mandatory Certificate Exchange of Common and Class B Shares

CARLSBAD, Calif.--(BUSINESS WIRE)--Cal-Bay International, Inc. (OTCBB:CBAY) announced after diligent review of the NOBO (notice of beneficial ownership) list the company is today instructing the company’s transfer to notify in writing all shareholders who own Cal-Bay common and Preferred “B” shares of the mandatory certificate exchange and the necessary procedures along with the deadlines to effect the exchange.

Cal-Bay’s Board of Directors announced the mandatory exchange after careful review of the NOBO list and in conjunction with the recent “Short List” publication by NASDAQ of Cal-Bay’s short sell position.

Cal-Bay’s Board of Directors commented, “this is an expensive way to try and combat the obvious short position, but in the interest of the Shareholders, Investors and the Company it became a necessary decision. The company will not disclose the terms of the exchange publicly as authentic holders of the company’s stock will be notified in writing by the transfer agent along with the exchange procedures and deadlines”.

www.calbayinternational.com

www.cobshomes.com

www.tlcosoftware.com