Cal-Bay International to Close Escrow on 20.6 Acre Land Acquisition in Bonita, Southern California.CARLSBAD, Calif. -- Cal-Bay International, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CBAY) today announced the company is in the final stages of closing escrow on the 20.6 acre land parcel in Bonita Bonita (Spanish and Portuguese for "beautiful") is the name of:
Cal-Bay's Board of Directors today announced the escrow agreements were in the final stages of completion and filing of the documents is expected to take place within the next week. The Bonita property located in South San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. County is a premium development property for 15-18 Ranch Style Luxury homes, which should range from $1.3 - $1.8M each in value when completed. Construction is planned to commence in early 2007 and will be developed by Cal-Bay Subsidiary, COBS Homes, LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . Cal-Bay is currently in the process of updating the company's website. CALBAYINTERNATIONAL.com TLCOSOFTWARE.com COBSHOMES.com 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. 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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