CBAY - UT'ing on NEWS - .061 .063 - Chart indicators also turning upward.
Cal-Bay International Statement of Clarification of Issued and Outstanding Common and Preferred B Shares as of November 16, 2006
(Business Wire 11/16 12:19:01)
Business Editors
CARLSBAD, Calif.--(BUSINESS WIRE)----
Cal-Bay International, Inc. (OTCBB: CBAY) Cal-Bay President & CEO
Clarification Statement of Issued & Outstanding Shares of Cal-Bay
International, Inc.
Cal-Bay Issued & Outstanding Common & Preferred B Shares as of
November 16th, 2006:
-0-
*T
Common Shares: 78,230,998 With approximately 3,500,000
awaiting cancellation.
Class B Shares: 103,830,716 With approximately 6,000,000
shares awaiting cancellation
*T
President's Comment: "There seems to be a rumor that the issued
and outstanding shares are significantly higher than the accurate
numbers reflected herein; therefore, this statement clarifies the
actual outstanding shares reported by the Company's Transfer Agent as
of today. Cal-Bay's market capitalization of the combined common
shares and Preferred B shares based on the current stock price of
$0.052 per share is approximately $9.5M. The Company's quarterly
report to be published next week will reflect the Corporations assets
are now in excess of $100M, and the equity position now held against
the assets is in excess of $41M. This number is most cases would be
the basis of the formula to determine the book value of the stock, and
typically most company's stock trades at a multiple of book value. I
hope this statement will assist clearly the long-term investors of
Cal-Bay International."
Roger Pawson
President & CEO
FORWARD-LOOKING SAFE HARBOR STATEMENT: To the extent that this
release discusses any expectations concerning future plans, financial
results or performance, such statements are forward-looking within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities and Exchange Act of 1934, as amended,
and are subject to substantial risks and uncertainties. Actual results
could differ materially from those anticipated in the forward-looking
statements. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date hereof and
reflect only management's belief and expectations based upon presently
available information. These statements, and other forward-looking
statements, are not guarantees of future performance and involve risks
and uncertainties. The Company assumes no obligation to update any of
the forward-looking statements in this release.
KEYWORD: NORTH AMERICA CALIFORNIA UNITED STATES
INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE CONSTRUCTION & PROPERTY
SOURCE: Cal-Bay International, Inc.
CONTACT INFORMATION:
Cal-Bay International, Inc.
Tim Garlin, Public Relations, 760-930-0100
Fax: 760-930-0200
E-mail: IR@calbayinternational.com
Website: www.calbayinternational.com
www.calbayinternational.com
www.cobshomes.com
www.tlcosoftware.com
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