Cal-Bay International Inc. Form 211 Filed With NASD.

Business Editors

TUSTIN, Calif.--(BUSINESS WIRE)--April 26, 2002

Cal-Bay International Inc. announces that ACAP Financial of Salt Lake City, has submitted a Form 211 to the National Association of Securities Dealers (NASD) requesting approval for trading on the Over the Counter Bulletin Board (OTC BB).

Cal-Bay International currently trades on the Pink Sheets under the trading symbol CYBI.

Cal-Bay International recently received clearance from the U.S. Securities and Exchange Commission (SEC) on their Form 10-SB registration statement. According to Robert J. Thompson, President and CEO: "Cal-Bay International is currently trading in the Pink Sheets, but with the recent clearance from the SEC on our Form 10 submittal and the filing of the Form 211 with the NASD, we anticipate moving to the Over the Counter Bulletin Board in the near future. After we receive NASD approval, ACAP Financial will be the initial `market maker' for Cal-Bay's stock."

For additional information refer to the company internet Web site at www.calbayinc.com.

This news release contains forward-looking statements. The words "estimate," "possible" and "seeking" and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.