Cala Corporation Files Third Quarter Report.HOUSTON -- Cala Corporation (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 announce to its shareholders that the company has filed its third quarter 10Q, including the following excerpts from Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial of Operations: The company has made great headway with the addition of Mr. Ray Francis Ray James Francis (March 8, 1893 - July 6, 1934) was a pitcher in Major League Baseball who played between 1922 and 1925 for the Washington Senators (1922), Detroit Tigers (1923), New York Yankees (1925) and Boston Red Sox (1925). Listed at 6' 1.5", 182 lb. as the master behind the UnderSea Resort and Residence design. This addition has allowed the Company to solve all naval engineering Noun 1. naval engineering - the branch of engineering that deals with the design and construction and operation of ships applied science, engineering science, technology, engineering - the discipline dealing with the art or science of applying scientific knowledge problems originally presented by the project. Mr. Francis brings to the table over 40 years of maritime experience that is second to none in the maritime industry. Mr. Francis' talents allow for a design that benefits the customer's safety, maximizes the openness and space of the facility, and maintains the primary focus of human contact with marine life. This coupled with Joseph Cala's vast knowledge and experience in the hospitality industry, along with eight years of intensive study and seemingly endless trial and error, enabled the Company to overcome extreme obstacles and to succeed in finalizing two naval engineered designs for the Undersea Resort and Residence. With that task accomplished, the Company has been fortunate to attract Mr. Clive Jones Clive Jones is a recurring fictional character in the British science fiction television series Doctor Who, played by Trevor Laird. He is the father of the Tenth Doctor's companion Martha Jones and of Tish and Leo Jones. , a former senior executive with Economic Research Associates, to help with business development. Mr. Jones has over 40 years of experience in worldwide leisure travel and tourism development, and he was the visionary behind many landmark resorts and theme parks. The company plans to build the first Undersea Residence and the first Fractional and Timeshare Ownership. The project will be financed from pre-selling individual units. The Company estimates that the average residential development should generate approximately $600 million while the total development cost should run around $460 million. Further, the company is in discussions with leaders in the fractional unit the unit of a fraction; the reciprocal of the denominator; thus, ¼ is the unit of the fraction See also: Unit prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the recently released Future Timeshare Buyers 2004 Market Profile, 13.4 million adults are interested in purchasing some form of timeshare during the next two years. |
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