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CALI Holdings, Inc. Gulf Coast Records Pursuing Joint Venture
CALI Holdings, Inc. ("Company" or "CALI") (OTCBB:CALI), announces that they are in contract negotiations with a Nashville Record Label to joint venture Gulf Coast Artist, Glenn Cummings. Gulf Coast Records is a portfolio company of CALI. http://www.gccountry.com

The Nashville label will take over responsibility for A&R, Radio, Distribution and Promotion of Gulf Coast artist, Glenn Cummings. Further details will be available as contract negotiations are finalized.

The CEO of CALI Holdings Inc., James E. Jenkins stated, "We're very excited by the opportunity to work with a Nashville label to further the career of Glenn. The Nashville label has the promotion staff, A&R experience and Distribution channels necessary to bring Glenn to the next level."

About CALI Holdings Inc.

CALI Holdings Inc., is a Business Development Company under the Investment Act of 1940 aggressively seeking opportunities in emerging and fast growth industries. http://www.caliholdings.com

Safe Harbor

The statements made in this release constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, changing economic conditions, interest rates trends, continued acceptance of the Company's products in the marketplace, competitive factors and other risks detailed in the Company's periodic report Filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.


For CALI Holdings, Inc., Orlando
KMA Capital Partners, Ltd.
Jack Craig, 407-370-4300
Fax: [phone]
[e-mail]
http://www.KMAcapital.com



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