Cala Corporation Buys Office Building.TITUSVILLE, Fla. -- Cala Corporation is a leading residence-on-the-sea company. Cala Corporation (www.undersearesort.com) trading under the symbol of (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 ) is pleased to inform its shareholders of the following: 1. The Company has purchased commercial/office property located at 13 Main Street, Titusville, Florida Titusville is a city in Brevard County, Florida, United States. The population was 40,670 at the 2000 census. According to the U.S. Census Bureau's 2004 estimates, the city had a population of 42,614. It is the county seat of Brevard CountyGR6. for the amount of $750,000.00. 2. The company paid 20% of the purchase price in cash and financed the balance at 8% over a 20 year period. 3. The building is approximately 10,000 square feet and it is in good condition. 4. The building is fully leased and the monthly revenues will be used to pay the mortgage. 5. The company plans to move its headquarters on site in order to have the entire operation under one roof. 6. The escrow escrow Instrument, such as a deed, money, or property, that constitutes evidence of obligations between two or more parties and is held by a third party. It is delivered by the third party only upon fulfillment of some condition. will close on December 15th 2005. 7. Pursuant to the requirements of the Securities Exchange Act of 1934, the company has filed the Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. with EDGAR Edgar or Eadgar (both: ĕd`gər), 943?–975, king of the English (959–75), son of Edmund, king of Wessex. In 957 the Mercians and Northumbrians rebelled against Edgar's brother Edwy and chose Edgar as their king. on November 16th, 2005. |
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