Henderson, NV (PRWEB) August 20, 2008
Cal-Bay International, Inc (CBI) (OTC: CBAY) today announced the company management has decided to file SEC Form 10 Documents to return the company to a fully reporting status.
CBI announced the intent to file the required documentation with the regulatory authorities which will include the updating of the company's SEC filings from 3rd Quarter 2006 to the present time.
Melinda Rice, Acting President for CBI, stated," We have initiated the updating of the filings, which will require some additional audited financials before the actual filing of the Form 10 document, and intend to have the process completed ready for filing in the 4th quarter of this year, with the intent of having the company fully approved for reporting by Q1, 2009. The ultimate goal is to have the company trading back on the Bulletin Board Exchange by early 2009."
FORWARD LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties. The Company assumes no obligation to update any of the forward-looking statements in this release.
Source: Cal-Bay International, Inc.