Cala Corporation Repurchased Shares For Cash.HONOLULU -- 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 inform its shareholders that the company has repurchased, cancelled and retired approximately 2 million shares from the open market and from its stockholders. The company believes that the repurchase of its outstanding shares is consistent with the company's long-term goal of increasing earnings per share and maximizing stockholder value. The company also believes that the purchase of shares is a prudent use of its investment funds Noun 1. investment funds - money that is invested with an expectation of profit investment assets - anything of material value or usefulness that is owned by a person or company . The company expects that the repurchase of shares is accretive to future earnings per share for the stockholders. Since 2003, the company has reduced the number of free-trade shares from approximately 19 million to 15 million. The company expects to continue such repurchase programs intermittently in the future as the board of directors deems appropriate. It started as a conversation between a visionary named Joseph Cala and George Berean, a world renowned architect with Wimberly Allison Tong & Goo. Five years later, Joseph Cala and a brilliant naval architect naval architect n. One who designs ships. named 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. took the idea and developed the design for the first UnderSea Resort and Residence in history. The year was 2003, and today, one year later, we are implementing the plan to build the UnderSea Resort and Residence here in the United States of America UNITED STATES OF AMERICA. The name of this country. The United States, now thirty-one in number, are Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, New Hampshire, . The name is becoming synonymous with synonymous with adjective equivalent to, the same as, identical to, similar to, identified with, equal to, tantamount to, interchangeable with, one and the same as the highest achievements in the hospitality and leisure world (www.UnderSeaResort.com). "The UnderSea Resort And Residence Will Be A Timeless Style And A Life Of Leisure. The UnderSea Resort And Residence Won't Be Another Destination, It Will Be A Destiny." J. Joseph Cala |
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