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
