Momentum Players

[mrgreen07]

2005-07-28 11:25 ET - News Release-CALI Holdings, Inc.'s Gulf Coast to Joint Venture with Nashville Management Agency
ORLANDO, Fla. -- (Business Wire) -- July 28, 2005

CALI Holdings, Inc. ("Company" or "CALI") (OTCBB:CALI),
announces that its portfolio company, Gulf Coast Records LLC, is
entering into a joint venture with Brick Agency LLC., Nashville, an
artist management company.
Brick Agency is a standalone artist management company that will
sign Gulf Coast artist Glenn Cummings as well as other established
artists to management contracts.
The CEO of CALI Holdings Inc., James E. Jenkins, stated, "Gulf
Coast previously retained Bryan Switzer to assist in the growth of
Gulf Coast and develop Glenn's career. This venture will bring a much
needed facet to the direction the label has chosen to pursue. Brick
Agency will also be signing other established artists, some of whom
could potentially sign with the label expanding its interest. We look
forward to working closely with Bryan in the development of his
company."

About Brick Agency and Bryan Switzer

Brick Agency was recently formed by Bryan Switzer. From grassroots
record promotion to serving as Vice President and General Manager of a
major record label, Mr. Switzer's career provides him with a unique
grasp of virtually all aspects of the music industry.
During his ten-year tenure at Atlantic Records in Nashville,
revenues for the country division jumped an astounding $9M over a
two-year period. As Atlantic/Nashville's Vice President/General
Manager, Mr. Switzer was responsible for all operations, including
finance, sales, and product development, personnel and record
promotion. His involvement in individual album projects often began at
the A&R level and continued through album art, trade ads, retail
merchandising, video production and Radio Promotion. Mr. Switzer
joined the Time Warner Company in 1990 when the country division of
Atlantic Records was launched. Beginning his label career as Regional
Manager of Promotions, Mr. Switzer was elevated to Director of
National Promotions a year later and was named Vice President of
National Promotions in 1992. During his tenure as Vice President of
National Promotions, Atlantic established the careers of many artists
including John Michael Montgomery, Tracy Lawrence, Confederate
Railroad and Neal McCoy. Mr. Switzer's department set the industry's
record for the most-added debut record by a new artist and went on to
score 17 chart-toping records for Tracy Lawrence.
As Vice President and General Manager, Mr. Switzer introduced
innovative plans and strategies to establish artists by creating a
system of teams to develop marketing plans for each project. With
Atlantic Nashville achieving an 11% market share, Mr. Switzer's
marketing teams implemented plans that developed four platinum artists
and sales of almost 25 million records.
In 1999, after a two-year reprieve from the records industry, Mr.
Switzer was recruited by Tim DuBois. Mr. DuBois, the former Arista
Nashville President, was introducing a new label with partner Tony
Brown, former president of MCA Nashville. Mr. Switzer was asked to
assemble and head the promotion department for Universal South Label
Group, a joint venture with Universal Music. As Senior Vice President
National Promotion and Artist Development, Mr. Switzer was responsible
for developing and implementing a marketing plan, which resulted in
the labels debut artist, Joe Nichols, scoring back-to-back #1 records
out-of-the-box and propelling Nichols to stardom. Mr. Switzer also
spearheaded the efforts, which would gain Pat Green, a successful
Texas performer, his first national Top 5 single and Platinum album.
With a degree in Business Management from Ohio State University,
Mr. Switzer founded and operated his own independent record promotion
company in 1988. He is a former member of the Country Radio
Broadcasters' Board of Directors, an alumnus of Leadership Nashville
and Leadership Music, and a member of the Country Music Association,
the Academy of Country Music and the National Academy of Recording
Arts and Science.

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.

Contacts:

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