CCAA Announces ERA has Completed Feasibility Study for the First Undersea Resort in Maui.Business Editors OKLAHOMA CITY--(BUSINESS WIRE)--Sept. 7, 2000 Joseph Cala, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Cala Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CCAA CCAA Comunidades Autónomas CCAA China Center of Adoption Affairs CCAA Companies' Creditors Arrangement Act (Canada) CCAA California Collegiate Athletic Association CCAA Commercial Collection Agency Association ) today announced that Economic Research Associates (ERA) has completed the feasibility study The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented. with analysis and development programming for themed attractions for the first Undersea Resort location in the world in Maui, Hawaii. ERA Senior Vice President Clive Jones will stay active in leading the proposed location, tourism, entertainment and subaqua attractions through the grand opening. The Cala Undersea Resort of Maui will become one of the world's landmark attractions, especially among children and pro-environment tourism. Mr. Cala projects the Undersea Resort will bring over two million visitors per year. About Cala Corporation Cala Corporation is a developer of international hospitality businesses with a corporate emphasis on the ownership, operation and management of hotels, resorts and casinos. Cala Corporation is currently developing the Undersea Resort and Hotel project with proposed locations throughout the world. The information in this news release includes certain forward-looking statements as defined in the "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. " provision 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. These statements are based upon assumptions that are subject to significant risks and uncertainties. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any of its forward-looking statements will prove to be correct. This press release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents. |
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