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(BSNS WIRE) Cala Corporation Announces Continuation of Stock Buyback and Re
Cala Corporation Announces Continuation of Stock Buyback and Return of Shares
to Treasury


Business Editors

OKLAHOMA CITY--(BUSINESS WIRE)--Oct. 26, 2000--Joseph Cala,
Chairman and CEO of Cala Corporation (OTCBB:CCAA) 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 [e-mail].

--30--LVD/dx*

CONTACT: Cala Corporation, Oklahoma City
Joe Johnston, 405/235-4960
[e-mail]

KEYWORD: OKLAHOMA
INDUSTRY KEYWORD: TRAVEL ENTERTAINMENT GAMING
BUILDING/CONSTRUCTION
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