Cala Corporation Retires Its Outstanding Debts.SAN ANTONIO San Antonio (săn ăntō`nēō, əntōn`), city (1990 pop. 935,933), seat of Bexar co., S central Tex., at the source of the San Antonio River; inc. 1837. -- 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 during the 3rd financial quarter of 2004, the company retired its outstanding debt with the issuance of restricted shares. In addition, the company has been extremely successful in attracting the necessary funds from quality investors in order to increase cash flow. Also, the funds are being used for operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. and for the development of the UnderSea Resort & Residence. http://www.undersearesort.com. The company expects to file its 3rd financial quarter 10-QSB by November 15, 2004. In an unrelated matter, the company has hired the prestigious Wien Securities to act as a Market Maker for the company and to qualify the company for the OTCBB OTCBB See OTC Bulletin Board (OTCBB). market. 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 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 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 Contact information: Cala Corporation, Joseph Cala, 1314 Texas Avenue, Suite 410, Houston, Texas 77002. 713-302-8689, cala@undersearesort.com |
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