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Post# of 4978648
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fxdad

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fxdad

Re: None

Thursday, 01/11/2007 11:13:22 AM

Thursday, January 11, 2007 11:13:22 AM

Post# of 4978648
CBAY NEWS.....


Cal-Bay Announces Scheduled Closing Date for Second Las Vegas, Nevada Residential Property Portfolio
Business Wire - January 11, 2007 11:12

CARLSBAD, Calif., Jan 11, 2007 (BUSINESS WIRE) -- Cal-Bay International, Inc. (OTCBB:CBAY) announces the company plans to close the acquisition of the second Las Vegas residential property portfolio by the end of January 2007.

The properties are primarily located on the rapidly expanding SW side of Las Vegas, Nevada.

This acquisition will bring the number of residential properties in Cal-Bay's Las Vegas portfolio to over 100 homes, with a current market value in excess of $40M. The company's rental revenue from the combined properties is expected to be in the range of $1.4M annually.

Cal-Bay is currently in negotiations for several other Residential and Commercial development properties in the Las Vegas area.



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