Cala Corp. Wins Judgment For $2,691,000.00.

Business Editors

OKLAHOMA CITY--(BUSINESS WIRE)--Nov. 7, 2003

Cala Corporation (Pinksheets:CCAA) is pleased to announce to its shareholders that the Honorable Vicky Robertson, District Judge for the State of Oklahoma, has granted judgment to Cala Corporation against defendants IMOIL, Querino Caparelli, and Gisella Mancini, in the amount of $2,691,000.00. The defendants were also ordered to return all shares of Cala Corporation that had previously been issued to them. The Court found that the defendants made numerous fraudulent representations to Cala Corporation in connection with a planned merger resulting in Cala Corporation issuing 10 million shares of common stock to the defendants. The court further found that, as a result of the fraudulent conduct of the defendants, Cala Corporation suffered damages in the amount of $2,691,000.00. The defendants are jointly and severally liable for the full amount of the judgment.

In a different matter, Cala Corporation has retained the auditing firm of Castro, C.P.A. to complete and file the 2002 10K as well as the 10Q's for 2003 in compliance with Sarbanne/Oxley. In addition, the Company has received verbal assurance from an OTCBB market maker that the institution will list and trade the company symbol as soon as the audited financials are complete and filed with EDGAR. The company's CEO, Joseph Cala, strongly believes that being listed on the Over the Counter Bulletin Board Market will enhance its ability in attracting additional investors and Market Makers to the company's stock, which will be more beneficial overall to the company's valuation and business prospects. The company has a lot of promising opportunities and developments in the pipeline and it has a desire to keep listing itself on more highly recognized exchanges.