Cal-Bay International Inc. Signs Letter of Intent to Acquire Products From Former Spectra Unlimited.Business Editors TUSTIN, Calif.--(BUSINESS WIRE)--May 8, 2002 Cal-Bay International Inc. (Pink Sheets:CBYI) has signed a letter of intent with the partners of a company formerly known as Spectra Unlimited for the acquisition of several products and technology developed by this company but never commercialized. The products and technology include a Streaming Current A streaming current or potential is an electric current or potential which originates when an electrolyte is driven by a pressure gradient through a channel or porous plug with charged walls. Analyzer that operates on the proven thermal conductivity principle and can be used to measure a single component in a complex mixture in industrial process, food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. , or medical applications. Another product is a highly sensitive Adj. 1. highly sensitive - readily affected by various agents; "a highly sensitive explosive is easily exploded by a shock"; "a sensitive colloid is readily coagulated" Infrared Spectrometer spectrometer Device for detecting and analyzing wavelengths of electromagnetic radiation, commonly used for molecular spectroscopy; more broadly, any of various instruments in which an emission (as of electromagnetic radiation or particles) is spread out according to some with dual measurement channels for the environmental and process industries. Spectra Unlimited had also developed a new line of Catalytic Scrubbers that use a proprietary, non-depleting design that can be used to turn most active substances inert. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. 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. of Cal-Bay: "These products are unique in many respects and represent innovative advancements in analytical technology. Cal-Bay will complete the development of these products, will set-up manufacturing facilities, and will develop the required sales distribution channels to take the products to market. "We expect to complete product development within 6-12 months, and to quickly build sales by targeting specific market niches that have needs for these types of new technology." This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . 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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