Cala Corporation Makes Correction

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Cala Corporation Makes Correction Regarding Press Release Issued on March 14th, 2018

HOUSTON, Texas, April 17th, 2018, Cala Corporation makes the following correction to its March 14, 2018, announcement regarding a construction agreement with Cosco Dalian Shipyard. More accurately, Cala and Cosco Dalian Shipyard have executed two letters of intent, with one reissued after the expiration of the first, setting out the details of the agreement. The Company and Cosco Dalian Shipyard have exchanged a draft construction contract that will be fully executed when the project is funded. The last letter of intent expired on 3-30-18, and a new one has not been signed as of today's date.

Contacts:
Joe Cala, 713.380.5147
CEO, Cala Corporation

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Joe Cala
Cala Corporation
+1 (713) 380-5147
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