September 3, 2008 - 2:12 PM EDT
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Cal-Bay International Releases Company Information Statement
Cal-Bay International, Inc. (OTC: CBAY) today released the following information statement.
Cal-Bay International is a Real Estate Acquisition and Development Company currently targeting commercial property acquisitions with potential immediate revenue sources for the company along with increased equity appreciation.
Cal-Bay recently secured an exclusive 3 year development and retrofit contract with a California based vehicle Hybridization company. The initial terms of the contract require Cal-Bay to locate key locations across the USA for the construction or retrofit of existing properties for the Hybrid company’s commercial vehicle installation centers. The Hybrid centers acquisitions and development costs will be funded by the Hybrid company. The terms of the contract include provision for Cal-Bay International to acquire and own approved installation center properties for the Hybrid company with long term leaseback provisions to the company. This will in the future enable Cal-Bay to build a nationwide extensive commercial property portfolio with a continuous revenue stream and potential property portfolio appreciation.
Cal-Bay recently secured a 2 year storage and distribution agreement with Nevada based Bionic Products, Inc. The contract requires Cal-Bay to provide a storage and distribution facility in Las Vegas for the Natural Energy Drink Company. Cal-Bay recently secured a warehouse and distribution center in North Las Vegas under a lease to purchase agreement for the storage and distribution of Bionic Tonic Products.
Cal-Bay’s focus is specifically targeting commercial property acquisitions that have existing or immediate revenue opportunities. The company is not currently focusing on the residential Real Estate market.
Cal-Bay will be temporarily be operating from the Henderson Nevada, Executive suites location with plans to be independently located in one of the company’s newly acquired properties in the fourth quarter of 2008. The company has retained the services of Dale Baeten at Investing In Stock Market, Inc., as the company IR contact. The company website is in the final stages of development and should be operational within 7-10 days.
Cal-Bay’s 2008-2009 objectives are to rebuild the company’s property portfolio with commercial and administrative properties that have existing or immediate revenue potential for the company. This coupled with the anticipated re-growth of the commercial real estate market should assist the company in building an extensive Real Estate foundation for future growth and profitability.
Cal-Bay has already initiated the process to become a fully reporting entity with the goal of being reinstated to the Bulletin Board by early 2009.
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