LAS VEGAS, NV — (Marketwire) — 01/23/12 — (PINKSHEETS: CBYI)
The company–s management has strong belief that under current economic conditions a diversified portfolio of synergetic business entities is necessary to achieve financial stability and growth.
Primarily a Residential & Commercial Real-Estate acquisition and development company, Cal-Bay is in the process of acquiring distressed and undervalued residential and commercial real estate along with land acquisitions. The land and commercial properties being primarily for use by its own subsidiary companies for the production of “Clean Energy & Power Technologies and Energy Saving Solutions,” creating a multi-level revenue center for the company and its Investors. The residential real estate acquisitions are for the company–s expected equity growth and continuous residential income from the property portfolio rental revenues.
Cal-Bay recently received approval on a $3M credit line from an overseas investment group for the purchase of bank owned residential undervalued properties. The fully disclosed terms of the 3 year loan are to be published in an updated financial and projected revenues statement on the company–s OTC Markets Financials in early February. The proceeds are currently available to Cal-Bay for the acquisition of properties. The company plans the continued acquisition of undervalued residential and commercial real estate for equity growth and residual income, creating a continual cash flow for the company–s operations and growth.
The Company is currently in negotiations for the purchase of several land parcels totaling approximately 400 acres in the White Hills, Temple Bar region in NW Arizona. The land is for use by Cal-Bay–s “Renewable Forest” division for the production of Bio-mass feedstock for the manufacture of Clean Energy & Power along with alternative low emission Bio-fuels.
Alongside the development of the “Renewable Forest” for the production of Bio-mass feedstock for this division, the company is comparing the test results for the gasification equipment required for the conversion of Bio-mass feedstock to clean power and Bio-fuels before purchasing. Alternative energy and natural gas fuel production plans are in process during the cultivation of the “Renewable Forest.”
Cal-Bay is currently in the process of filing a joint US patent with the original Inventor for the “EST” energy saving device. Serious enquiries have been made to the company by several large Industrial companies for the purchase of the “EST” systems.
Testing of the multi Tier Solar Panels continues and a public announcement of the results is anticipated in the very near future.
Cal-Bay recently updated the OTC Markets Financial Information and will be filing the necessary Council Legal Opinion this week, which is expected to restore the company to “Current Information” on OTC Markets. Cal-Bay will be making further announcements regarding the company–s reporting status in the near future. Alongside the development of the new company is a “Facebook” page is being created for more readily available information to Investors and Shareholders.
Safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as CBYI or its management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import. Similarly, statements herein that describe the Company–s business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
Contact:
Investor Relations
Cal-Bay International, Inc
866-501-8564