Cala Chooses JPMorgan Chase as Provider of Custodial and Related Services For UnderSea Resort Buyers.TITUSVILLE, Fla. -- Cala Corporation www.undersearesort.com (Pink Sheets: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 ), a world-leading company in Oceanic Fractional Ownership In business, fractional ownership is a percentage share of an expensive asset. Shares are sold to individual owners. A fractional owner enjoys priorities and privileges, such as reduced rates, priority access on holidays and income sharing. and Residences, Cruise Ship Lifestyle, and the first Undersea Resort & Casino is pleased to announce that the company has signed and executed an Assignment of Deposits with JPMorgan Chase JPMorgan Chase (NYSE: JPM TYO: 8634 ) is one of the oldest financial services firms in the world. The company, headquartered in New York City, is one of the leaders in investment banking, financial services, asset and wealth management and private equity. With assets of $1. (NYSE NYSE See: New York Stock Exchange :JPM JPM J. P. Morgan Chase & Co. (stock symbol) JPM Juan Pablo Montoya (formula 1 driver) JPM Jabatan Perdana Menteri (Malaysia) JPM Journal of Property Management ) to serve prospective buyers the UnderSea Fractional, Cruise Ship Lifestyle and Ocean Residence buyers. Cala agrees to deliver promptly to JPMorgan Chase the originals of all certificates, receipts or other instruments evidencing buyer deposits. In addition, JPMorgan Chase in-conjunction with Equiant Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. will act as provider of custody and investor related services. "In today's heightened regulatory environment, compliance and risk management have taken on new prominence in the marketplace," said Joseph Cala', Chairman 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. of Cala Corporation. "Our prospective buyers are emerging from every country around the world, so our sales force and associates need to ensure that they and their service providers have adopted comprehensive compliance programs, thereby assuring our buyers an honest return on investment." About JPMorgan Chase & Co. www.jpmorganchase.com JPMorgan Chase & Co., (NYSE:JPM) is a leading global financial services firm with assets of $1.2 trillion and operations in more than 50 countries. The firm is a leader in Investment banking, financial services for consumers and businesses, financial transaction processing, asset and wealth management, and private equity. About Equiant www.equiant.com More Resorts and fractional ownership turn to Equiant for receivable management services than any other company in the world, from Canada to South America. In addition, Equiant Financial Services has more than 25 years experience servicing high-profile domestic and international accounts throughout the vacation ownership industry. They are well-positioned to handle Undersea Resort's expected growth, and their reputation for performance, innovation, and customer care fits perfectly with the Cala Corporation business model. Equiant is expected to be a valued, long-term partner with Undersea Resort. |
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