CALI Holdings Inc. Announces - Glenn Cummings to Perform at CMT DUKESFEST 2005.

ORLANDO, Fla. -- CALI Holdings, Inc. ("Company" or "CALI") (OTCBB:CALI), today announced the newest upcoming performance date for Gulf Coast Records artist Glenn Cummings. Gulf Coast is a portfolio company of CALI.

Glenn will be performing on June 4, 2005 at the Bristol Motor Speedway and Dragway, Bristol, TN, for CMT DUKESFEST 2005 at 12:00PM. DukesFest reunites cast members and fans of the original hit series "The Dukes of Hazard." www.cootersplace.com/dukesfest.asp

CMT is sponsoring this year's festivities, billed as "A Celebration of America's Family Show." Jones will co-host the event, along with Catherine Bach (aka "Daisy Duke"), John Schneider, who starred as "Bo Duke," and other members of the original cast. In addition to appearances of the show's stars, DukesFest will feature stunt shows performed by the original "Dukes" stunt drivers, two days of country music, a major Mopar show featuring two days of world class drag racing at the Bristol Dragway and a cruise-in featuring scores of "General Lees."

Advance tickets for DukesFest are $15 for a single day or $25 for a two-day pass. Children under 10 and military personnel with ID are admitted free of charge. Tickets for DukesFest are available online at the cootersplace general store or by calling Cooter's Place [phone] or the BMS ticket office at [phone].

As previously announced Glenn is also participating in the CMA Music Festival in Nashville, TN, June 9th thru 12th. Also, he will be participating in Sports Zone, TGI Fridays Sports Challenge on June 10th from 4-5:30 pm. He will be scheduled periodically in CMT and Country Weekly's booth for autograph signing in addition to Media and Radio Interviews the June 10th through the 12th. Please visit www.gccountry.com for schedules.

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. wwwcaliholdings.com

Safe Harbor

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 of 1995. Forward-looking statements 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.