Cala Corp. Repurchased 2,000,000 Shares.Business Editors OKLAHOMA Oklahoma (ōkləhō`mə), state in SW United States. It is bordered by Missouri and Arkansas (E); Texas, partially across the Red R. (S, W); New Mexico, across the narrow edge of the Oklahoma Panhandle (W); and Colorado and Kansas (N). CITY--(BUSINESS WIRE)--Jan. 13, 2004 Cala Corporation (Pinksheets: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 ) is pleased to announce to its shareholders that during the calendar years 2002 and 2003 it repurchased approximately 2,000,000 shares of the company both from the open market and directly from shareholders. The repurchased shares were cancelled and returned to the treasury. The company also cancelled and returned to the treasury the 10,000,000 shares recovered in the company's lawsuit lawsuit: see procedure; tort. against IMOIL, Querino Caparelli, and Gisella Mancini as a result of the failed merger. In a different matter, the company has retained lawyers Russell Weigel of Florida and Arturo Tirrito of Italy to begin proceedings to execute its $2,691,000 judgment against IMOIL, Querino Caparelli and Gisella Mancini both domestically and internationally. Joseph Cala, the company's 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. , will use a portion of any recovered funds to repurchase re·pur·chase tr.v. re·pur·chased, re·pur·chas·ing, re·pur·chas·es To buy (something) again. n. The act of buying something that one previously sold or owned. Noun 1. additional shares of the company in order to reduce the number of free-trading shares. |
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