Cal-Bay International Statement of Clarification of Issued and Outstanding Common and Preferred B Shares as of November 16, 2006.CARLSBAD, Calif. -- Cal-Bay International, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CBAY) Cal-Bay President & 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. Clarification Statement of Issued & Outstanding Shares of Cal-Bay International, Inc. Cal-Bay Issued & Outstanding Common & Preferred B Shares as of November 16th, 2006: [TABLE OMITTED] President's Comment: "There seems to be a rumor RUMOR. A general public report of certain things, without any certainty as to their truth. 2. In general, rumor cannot be received in evidence, but when the question is whether such rumor existed, and not its truth or falsehood, then evidence of it may be given. that the issued and outstanding shares are significantly higher than the accurate numbers reflected herein; therefore, this statement clarifies the actual outstanding shares reported by the Company's Transfer Agent as of today. Cal-Bay's market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of the combined common shares and Preferred B shares based on the current stock price of $0.052 per share is approximately $9.5M. The Company's quarterly report to be published next week will reflect the Corporations assets are now in excess of $100M, and the equity position now held against the assets is in excess of $41M. This number is most cases would be the basis of the formula to determine the book value of the stock, and typically most company's stock trades at a multiple of book value. I hope this statement will assist clearly the long-term investors Long-term investor A person who makes investments for a period of at least five years in order to finance his or her long-term goals. of Cal-Bay International." Roger Pawson President & CEO 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 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. . 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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