CALI Holdings, Inc. Files Year End 10-K.ORLANDO, Fla. -- Donald M. Stein, the Chief Financial Officer of CALI Cali (kä`lē), city (1993 pop. 1,641,498), capital of Valle del Cauca dept., W Colombia, on the Cali River. It is an industrial and commercial center of the upper Cauca valley. Holdings, Inc. ("Company" or "CALI") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CALI), has reported to management that the Company's 10-K was filed Monday, September 26, 2005 for the Company's year end June 30, 2005. The Financial Statements do not show a consolidation of subsidiaries as did prior year end financial statements. The Company chose to start reporting non-consolidated financial statements in the third quarter. The Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. reports a 2.15% increase in total assets compared to the Company's year end of June 30, 2004. There has been a net increase in total assets of $63,386 after BDC (Backup Domain Controller) In a Windows NT server, a copy of the Primary Domain Controller (PDC). The BDC is periodically synchronized with the PDC. See PDC. BDC - Backup Domain Controller adjustments. Total assets of $3,010,660 were reported for June 30, 2005 which included the divestitures previously disclosed. The Company reported a net loss of $1,345,381 for the year ended June 30, 2005 versus a net loss of $18,962 for the same period in 2004 reported on a non-consolidated basis. Shareholder's Equity decreased by $152,322 from 2004 due in part to the non-consolidation of subsidiaries. About CALI Holdings Inc. CALI Holdings Inc., is a Business Development Company under the Investment Act of 1940 aggressively seeking opportunities in emerging and fast growth industries. http://www.caliholdings.com Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. The statements made in this release constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, changing economic conditions, interest rates trends, continued acceptance of the Company's products in the marketplace, competitive factors and other risks detailed in the Company's periodic report Filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release. |
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