Cala Adds Responsibilities for Mr. Francis.TITUSVILLE, Fla. -- Cala dba UnderSea Resort and Residences, trading under the symbol of (CCAA CCAA Comunidades Autónomas CCAA China Center of Adoption Affairs CCAA Companies' Creditors Arrangement Act (Canada) CCAA California Collegiate Athletic Association CCAA Commercial Collection Agency Association ) announced today that Mr. Ray Francis Ray James Francis (March 8, 1893 - July 6, 1934) was a pitcher in Major League Baseball who played between 1922 and 1925 for the Washington Senators (1922), Detroit Tigers (1923), New York Yankees (1925) and Boston Red Sox (1925). Listed at 6' 1.5", 182 lb. , President of UnderSea Resort Design, has been elected to the Board of Directors of Cala Corporation to replace Michael Chevalier. Having completed his undersea naval design to the strict maritime rules of Lloyd's Register a register of vessels rated according to their quality, published yearly. - Brande & C. See also: Lloyd's of Shipping, Mr. Francis will conduct his day to day operational responsibilities at the UnderSea Resort headquarters in Titusville and will commence his role as a director and principal in the Company's oceanic construction operations. In connection with the change in responsibilities, the Company and Mr. Francis have agreed to keep the existing employment and related restricted stock agreements between them, effective November 1, 2006. Joseph Cala', Chairman and founder of Cala dba UnderSea Resort, commented, "I am so grateful to Mr. Francis for his creative sharp vision to help us be the leading oceanic leisure destination. We look forward to his continued advice and guidance and to collaborating on further development of the Company's assets in the oceanic resort, residential, spa, casino, convention, shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into , fractional ownership and cruise lifestyle." Cala has over 1,200 shareholders throughout the world and is traded on the National Market under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors CCAA and is fully compliant with the Sarbanes-Oxley Act See SOX. . The UnderSea Resort will be a landmark destination casino resort offshore where state and local Administrative Regions have no jurisdiction. The first resorts are planned to open within two years offshore Miami and Malta. It will feature 600 deluxe junior suites, approximately 100 table games and 800 slot machines in approximately 60,000 square feet. Five restaurants, retail space, a spa, a salon, entertainment lounges and meeting facilities in approximately 50,000 square feet. Additionally, the Company will start the pre-sale for the first Ocean Mega Residences offshore NYC NYC abbr. New York City NYC New York City , Miami and San Francisco. The average size area will be from 4,000 to 50,000 square feet and it will feature less than 100 Mega Residences with the finest amenities including unlimited golf driving range, private yacht facilities and heliports. |
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