Las Vegas, NV (PRWEB) November 08, 2012
Cal-Bay Spokesperson Larson Coleman, today announced the execution of the agreement between the two companies.
Mr. Coleman further commented the Automotive Company will be announcing name and symbol changes for Cal-Bay International, along with the appointment of the new Board of Directors and Corporate relocation upon notification from “Finra” of the approved requested corporate changes. No past or present Offices or Directors of Cal-Bay International, will be assigned to the newly appointed Board after the definitive agreement closing date.
Mr. Coleman stated “ Cal-bay shareholders and Investors along with most of the countries Real Estate Investment Corporations have not witnessed the expected turnaround in the Real Estate sector, and it seems prudent for Cal-Bay to take advantage of the opportunity to transform into a sector for automotive manufacturing generating consistent annual revenues and significant profits”.
The Automotive company currently not named publicly, as requested under the terms of the acquisition agreement, will be releasing Corporate Information, Financials, Revenue, Patent and Asset Information along with Company Website, Contact and Products Information simultaneously with OTC Markets Information updates upon completion of the definitive agreements.
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Contact: Investor Relations: Cal-Bay International, Inc: