Cal-Bay International, Inc. (CBAY) Squeeze Trigger Price is $0.54; Approximately 5.4 Million Shares Shorted Since January 2005 According To Buyins.net Research Report.

CARLSBAD, Calif. -- Cal-Bay International, Inc. (OTCBB:CBAY) today announced that www.buyins.net is initiating coverage of Cal-Bay International after releasing the latest short sale data to June 2006. From January 2005 to June 2006 approximately 69.7 million total aggregate shares of CBAY have traded for a total dollar value of nearly $38 million. The total aggregate number of shares shorted in this time period is approximately 5.4 million shares. The CBAY Squeeze Trigger price of $0.54 is the volume weighted average short price of all short selling in CBAY. A short squeeze is expected to begin when shares of CBAY close above $0.54. To access Squeeze Trigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.

Month       Total Vol.     Short Vol     Avg.Price     $Value

Jan 05       144,989         11,164        $0.65       $7,222

Feb          240,769         18,539        $0.76      $14,136

Mar          138,802         10,688        $0.81       $8,618

Apr          244,633         18,837        $1.19      $22,369

May          120,834          9,304        $0.95       $8,839

June         112,010          8,625        $0.90       $7,762

July         218,996         16,863        $0.94      $15,913

Aug          419,081         32,269        $0.70      $22,588

Sept         323,162         24,883        $0.46      $11,352

Oct          235,966         18,169        $0.48       $8,630

Nov           83,978          6,466        $0.47       $3,031

Dec          248,673         19,148        $0.70      $13,403

Jan 06       308,412         23,748        $0.79      $18,701

Feb          654,286         50,380        $0.75      $37,971

Mar        2,056,467        158,348        $0.76     $120,154

Apr       14,866,992      1,144,758        $0.37     $423,561

May       41,237,840      3,175,314        $0.57   $1,809,929

June       8,088,693        622,829        $0.60     $370,583

Total     69,744,583      5,370,333        $0.54   $2,924,765


Short volume is approximated using a proprietary algorithm.

Average short price is calculated using a volume weighted average
short price.

Short volume is the total short trade volume and does not account
for covers.



CBAY On OTCBB Naked Short Threshold List

On List                Off List             # Days

February 21, 2006      March 17, 2006         19

March 30, 2006         June 14, 2006          53

Cal-Bay International, Inc. has been on the OTCBB Naked Short Threshold list 2 times. Brokerage firms have been out of compliance with Regulation SHO twice. Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. SEC Regulation SHO, under the Securities Exchange Act of 1934, mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.

Cal-Bay International, Inc. www.calbayinternational.com

FORWARD LOOKING SAFE HARBOR 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.

About BUYINS.NET

WWW.BUYINS.NET is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. Buyins.net has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.

BUYINS.NET has built a massive database that collects, analyzes and publishes a proprietary Squeeze Trigger for each stock that has been shorted. The Squeeze Trigger database of nearly 800,000,000 short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like Buyins.net to access the data.

The Squeeze Trigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each month's short transactions, BUYINS.NET provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money and a short squeeze can begin.

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