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Cala dba UnderSea Resort is in Final Stage of Negotiation with Government of Malta to Take over Shipyard.


VALLETTA, Malta -- The Cala Corporation dba UnderSea Resort, trading under the symbol of 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 that the company has been in serious discussions with the Government of Malta, www.malta.com, regarding taking over the Marsa Shipyard, www.maltashipyards.com, in order to start building the UnderSea Resort and Residences fleet. The Marsa shipyard has one of the longest dry docks in Europe, and until a few years ago was also the home of the British Royal Navy. The company plans to start building its naval fleet A fleet, or naval fleet, is a large formation of warships, and the largest formation in any navy. A fleet at sea is the direct equivalent of an army on land.

Fleets
 as soon as the Maltese Government is ready to move forward with agreement.

The company is also pleased to have attracted one of the most respected and prestigious investment firms in the world. This investment banking relationship is critical because the firm will likely have the role of major of equity partner for the amount of $200 million.

"While I was honored to be a guest of Malta, I received a warm response from Hon. Francis Zammit-Dimech, Minister of Tourism & Culture of Malta The culture of Malta is a reflection of various cultures that have come into contact with the Maltese Islands throughout the centuries, including neighbouring Mediterranean cultures, and the cultures of the nations that ruled Malta for long periods of time prior to its independence  and Mr. Galea galea /ga·lea/ (ga´le-ah) [L.] a helmet-shaped structure.

galea aponeuro´tica  the aponeurosis connecting the two bellies of the occipitofrontalis muscle.
, Chief Officer of Malta Enterprise," Joseph Cala' stated. The company's immediate plan is to start construction for the UnderSea resort and casino for the pristine Qawra Bay in Malta, offshore Miami beach, Bahamas, New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
 and San Francisco Bay San Francisco Bay, 50 mi (80 km) long and from 3 to 13 mi (4.8–21 km) wide, W Calif.; entered through the Golden Gate, a strait between two peninsulas. . As a back up plan the company is negotiating with another nation to receive their shipyard under our control in case Malta Government has a change of heart. The local economics impact is tremendously positive because takes about 3,000 employees to build our UnderSea Resort ships.
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Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 5, 2006
Words:263
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