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Cal-Bay International Inc. Moves to Over the Counter Bulletin Board Exchange.


Business Editors

Cal-Bay International Inc. has recently received notification that the National Association of Securities Dealers National Association of Securities Dealers (NASD)

Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market.
 (NASD NASD

See: National Association of Securities Dealers


NASD

See National Association of Securities Dealers (NASD).
) has given approval to Cal-Bay's request for trading on the Over the Counter Bulletin Board (OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
 BB).

Until now, Cal-Bay International has traded on the Pink Sheets under the trading symbol CYBI.

According to Robert J. Thompson, president 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. : "The process of becoming a publicly traded company publicly traded company

A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market.
, registering our stock with the SEC, and moving from the Pink Sheets to the OTC Bulletin Board OTC Bulletin Board

An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system.
 exchange has taken much longer than we had expected, but Cal-Bay International remains committed to growing our company in the future.

"We are currently evaluating several new products either for development or acquisition, and we plan to continue to grow our core business area over the next few years."

ACAP Financial of Salt Lake City will be the initial "market maker" for Cal-Bay's stock on the OTC BB.

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.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jul 15, 2002
Words:278
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