Cala Corporation Announces a Letter of Intent Has Been Signed to Purchase 51% Interest of Mancini I.M.O.I.L. Olive Oil Company.Business Editors & Food/Travel Writers SAN FRANCISCO--(BUSINESS WIRE)--Jan. 3, 2001 Cala Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :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 ) today announced that a letter of intent has been signed by both parties to purchase 51 percent interest of Mancini I.M.O.I.L. Olive Oil olive oil, pale yellow to greenish oil obtained from the pulp of olives by separating the liquids from solids. Olive oil was used in the ancient world for lighting, in the preparation of food, and as an anointing oil for both ritual and cosmetic purposes. Company. This letter of intent is the result of months of negotiations and further details will be announced soon. The annual sales of Mancini I.M.O.I.L. are approximately $20 million (U.S. dollars), which represents both the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and European markets. The Mancini I.M.O.I.L. (www.imoil.com) company was founded by Mr. Genesio Mancini over 40 years ago. Currently, the company is controlled by his children Giuliano and Gisella. The Mancini product is distributed in the USA and Europe under two labels, Mancini and Genesio. For further information, please contact Joe Johnston at 405/235-4960 or visit our web site www.calacorporation.com. |
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