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CCAA .015 Cala Corporation Issues Shareholder Update
Thursday February 10, 10:01 am ET
7. Listing the company on OTCBB and with Standard & Poor's;

SAINT AUGUSTINE, Fla.--(BUSINESS WIRE)--Feb. 10, 2005--Cala Corporation (Pink Sheets:CCAA - News) Chairman and CEO, Joseph Cala', today issued the following shareholder update.
Dear Valued Shareholders:

With a new year upon us, now is an excellent time to update our valued shareholders on the progress of the company to date, as well as on future growth opportunities. In 2004, the company reached significant milestones in the development and proprietary design of the SeaResidence. Now that the project is in the final stages of development, the company is actively pursuing sales and marketing agreements and distribution channels worldwide. Firms in the hospitality, cruise, residential, private club, vacation and fractional ownership industries have indicated substantial interest in establishing an association with the project. We are engaging in ongoing discussions with such firms, and we believe such discussions will bear fruit in the third quarter of 2005. We are confident that funds generated from pre-selling the SeaResidence estate units, coupled with anticipated private financing, will be sufficient to ensure the company's success.

The Company is in the process of the following:

1. Opening an escrow account with a Title company in order to facilitate the pre-sell deposits;

2. Securing ocean locations;

3. Securing sales agreements with real estate and mega yacht brokerage companies;

4. Opening an office in Saint Augustine, Florida for naval engineering, architecture and sales;

5. Developing a state of the art 3D sales video;

6. Securing joint venture agreements with real estate, resort, fractional and timeshare firms;

7. Listing the company on OTCBB and with Standard & Poor's;

8. Attempting to attract coverage of the company by Wall Street analysts; and attracting investment bankers to make a market in the company's stock.

The project's financing depends on the pre-sell success. While this objective is ambitious, the world market is large enough to meet it; there are in excess of 30 million families with a net worth of over $10 million; there is a back-log in luxurious yacht production of at least five years; and premier oceanic destinations are in high demand. If the pre-sell is successful, we expect to generate revenue of $600 million per SeaResidence.



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Contact:
Cala Corporation, Houston
Joseph Cala', 713-302-8689
www.undersearesort.com



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Source: Cala Corporation