Cal-Bay Acquires Controlling Interest of MB3 Motorsports NASCAR Controlled ARCA Series #14 Race Team, Finishing 8th in Talledaga Speedway Event October, 2006.CARLSBAD, Calif. -- Cal-Bay International, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CBAY) Announced the Company Recently acquired controlling Interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail Of NASCAR NASCAR (National Association for Stock Car Auto Racing), organization that sanctions American stock-car races, est. 1948. It held its first race in Daytona Beach, Fla. Controlled #14 ARCA Series Race Team MB3 Motorports LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . Cal-Bay's Board of Directors today announced the acquisition of NASCAR controlled ARCA Series Racing Team MB3 Motorpsorts Ltd. Cal-Bay recently acquired controlling interest of Michael Burtons MB3 ARCA Series Racing Team, with a combination of cash and Preferred B shares. Cal-Bay 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. Roger Pawson commented, "We are ecstatic that Cal-Bay was able to complete the acquisition and finish in 8th position in the Talladega Speedway Event on October 6th, 2006." Cal-Bay acquired controlling interest of the race team from Florida-based Michael Burton and relocated the team immediately to Mooresville, N.C., in the heart of NASCAR Raceland, and was able to renew a two-year contract with one of the series' up-and-coming rookie drivers, Michael Faulk. Roger Pawson further commented, "The company acquired controlling interest in MB3 as a major marketing vehicle for Cal-Bay subsidiary COBS Homes LTD. NASCAR racing The NASCAR Racing series of video games, developed by Papyrus, started in 1994 and ended with the release of NASCAR Racing 2003 Season in 2003. Later NASCAR games were released by Electronic Arts, who took over the official sport license. events are the leading spectator sports events in the USA today USA Today National U.S. daily general-interest newspaper, the first of its kind. Launched in 1982 by Allen Neuharth, head of the Gannett newspaper chain, it reached a circulation of one million within a year and surpassed two million in the 1990s. and leading sponsors are major and a major source of exposure for COBS Homes as NASCAR teams This is a list of NASCAR teams, a list of all teams that race in one of NASCAR's top three divisions (NEXTEL Cup, Busch Series and Craftsman Truck Series). Full-time teams are teams that attempt to qualify for every race in their division (with very few exceptions, such as those run with major sponsors such as Lowe's, Home Depot, KB Homes and other leading developer and developer suppliers. The COBS #14 cars are able to run with the Home Depot logo as part of the business partnership contract between Home Depot and COBS Homes LTD." Cal-Bay will be posting the entire 2007 race season schedule for the #14 COBS Team in November 2006, along with test dates and performance times. Cal-Bay and COBS Homes will be publishing a specific Race Team website in November with direct links from both Cal-Bay and COBS websites. Cal-Bay and COBS Homes are currently in negotiations for additional sponsorship for the 2007 Race Calendar for the Cal-Bay powered COBS #14 Race Team. COBS #14 Talladega 2006 Trial and Race photographs are available at no charge at: www.mcallistersportsmanagement.com and link to Multimedia www.calbayinternational.com www.cobshomes.com www.tlcosoftware.com FORWARD-LOOKING 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. STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties. The Company assumes no obligation to update any of the forward-looking statements in this release. |
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