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Wednesday, May 30, 2007 12:43:11 PM
Good luck Roger. Your integrity is unquestionable.
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Cal-Bay International Files Lawsuit in Southern California for Recovery
of $14M Debt on Florida Land Dispute
CARLSBAD, CA, May 30, 2007 (MARKET WIRE via COMTEX) -- Cal-Bay International,
Inc. (PINKSHEETS: CBAY) announced the Company has filed a lawsuit in San Diego
County for the recovery of the $14M debt owed to the company from the proceeds
of the sale of the West Palm Beach, Florida First trust deed position owned by
the company.
Cal-Bay spokesman announced the company has been fighting the case in
Mississippi where the case originated; now Cal-Bay council has filed a new
lawsuit against the parties involved in San Diego County, California in a
serious attempt to resolve the outstanding debt owed to the company.
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.
Contact:
Cal-Bay International, Inc.
Public Relations
(760) 930-0100
Fax: (760) 930-0200
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