Cala Corporation Negotiating for First Location.

MIAMI -- Cala Corporation (Pink Sheets:CCAA) is pleased to inform its shareholders that the company is negotiating with the Port of Miami-Dade regarding three possible ocean locations for the first Undersea Resort - Residences in history. The UnderSea will make a stunning architectural statement with panoramic views of the Miami harbor skyline, Bay Biscayne Island, Star Island, and the majestic undersea marine habitat. As ocean property, the UnderSea will place its future owners and guests at the heart of the famed excitement, entertainment and the financial district of Miami, Florida. The Undersea's luxury residence-resort design will usher in a new era in oceanic development, where residents can have the best of both worlds by either owning it as residence or by owning it as income property. The Undersea will come complete with a SPA, fitness center, room service, concierge, Olympic pool, scuba, jet ski, valet, dry cleaner and 24 hour security.

The Undersea is a new concept in luxury oceanic living with the most inviting new ownership plan to hit Miami in decades. It's a never-before-seen opportunity to make the Residences at Undersea your home and to live right where the action is. Owning our residences gives future owners the flexibility of choosing the length and frequency of their trip without worrying about availability or check-out time, because it's their choice of how they use their residence. In addition we will offer an optional rental program for those owners interested in making their units available for short or long term rentals. This program will be made available to owners who purchase and maintain their residence with the approved interior design company and furnishings by Wimberly, Allison, Tong and Goo (www.watg.com), which is the finest resort architecture and interior design firm in the world.