Henderson, Nevada (PRWEB) August 29, 2008
Cal-Bay International, Inc (OTC: CBAY) today announced the Board of Directors confirmed the cancellation of the reverse stock split of the company's common shares proposed in a press release earlier this year.
Melinda Rice, Acting President for Cal-Bay International, stated: "We are pleased to announce due to the obvious recent renewed support and confidence in the company and its management, it is in the best interest of the company, its shareholders and Investors to cancel the proposed reverse split of the common stock announced earlier this year. The recent support of the shareholders and market awareness has further inspired company management to restore Cal-Bay to its former Glory to the benefit of the Investors and shareholders who have stood firmly by the company. Cal-Bay presently has approximately Eight Billion shares of common stock Issued & Outstanding and company management believes due to the significant number of shares recently traded there may be a large short position in the company's stock."
Cal-Bay recently secured a two-year storage & distribution contract with Bionic Products, "Lady Pink" and "Bionic Tonic" all natural energy drinks from a newly acquired 12,000 square feet Las Vegas Distribution Center.
Cal-Bay recently secured an exclusive three-year construction & retrofit contract with a California-based Hybridization Company for the nationwide development & construction of commercial vehicle Hydrogen Fuel installation centers.
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.
Cal-Bay International, Inc.
Investing in Stock Market Inc.
PH: (920) 418-0153
# # #