Cal-Bay Seeks Article Retraction from Louisiana Publication "The Independent Weekly".CARLSBAD, Calif. -- Cal-Bay International, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CBAY) 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. Roger Pawson announced the company has today given notice to Louisiana publication "The Independent Weekly" (www.theind.com) for an incorrect statement regarding a purchase contract for the "Couret Place" development property. Pawson stated, "The article is completely misquoted in regards to statements that represent no such contract or communication existed. Cal-Bay has received the revised contract from the seller's attorneys, via fax and FedEx which originated on Monday, Jan. 22. The negotiations between Cal-Bay and the seller's attorneys have at no time been without communication. Cal-Bay fully intends to complete the acquisition within the time frames specified in and under the terms of the contract." Cal-Bay has given "The Independent Weekly" until 3:00 p.m. PST PST Paroxysmal supraventricular tachycardia, see there Jan. 25, 2007 to confirm their intent to rectify the misstatement mis·state tr.v. mis·stat·ed, mis·stat·ing, mis·states To state wrongly or falsely. mis·state  ment n. by way of a published retraction In the law of Defamation, a formal recanting of the libelous or slanderous material.Retraction is not a defense to defamation, but under certain circumstances, it is admissible in Mitigation of Damages. Cross-references Libel and Slander. . 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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