Cal-Bay International in Receipt of October 13, 2006 NOBO List Simultaneous with Publication on NASDAQ Naked Short List October 18, 2006.CARLSBAD, Calif. -- Cal-Bay International Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CBAY) today announced the company was again listed on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Naked Short naked short The investment position of the underwriting firm for a new issue when the underwriting firm has sold more shares short than will be issued. List, and simultaneously the company today received the NOBO NOBO (Non-Objecting Beneficial Owner) A beneficial ("street") security holder who has not objected to his or her name being released to the Corporation, if the Corporation so requests. (notice of beneficial ownership) list as of October 13, 2006. The company is currently reviewing the NOBO list with the intent of identifying the obvious short position as is now confirmed by the publication on the NASDAQ Short List. The company will publish a more specific statement regarding the short position early next week along with the company's intentions to combat the short position. 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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