bottomfish, DD would probably be a better one to ask. However, I will offer to you my opinion: below find a quick list of 'projects' with some info on each. My best guess and theirs, FWIW is cashflow from the franchises would be the quickest (unless the franchises did not catch on, of course!). They are estimating 5m from the original 10. Looking to roll out in Italy and US seems promising to me. Again, FWIW IMHO.
1.Costanzo Industries...not a done deal yet.
Cala Corporation's has an ongoing effort to purchase Costanzo Industries of Italy. Mr. Cala stated that he was
confident that the meetings in Rome before Prefetto Santoro were both constructive and positive. Mr. Mauro
Zaro, Senior Manager of KPMG Italy, has been retained by the Cala Corporation to assist with the Costanzo
acquisition. Costanzo Industries is a leading force in Southern European construction. Besides their historical
concentration in hotel and resort construction, Costanzo is currently servicing a 14% contractual interest in a
three billion dollar high speed train construction project. This project is anongoing collaboration with Fiat
(NYSE: FIA) and General Motors (NYSE: GM). After further review of information provided by Costanzo,
the net value of pending contracts to be honored by Cala Corporation has been revised to $221 million.
As previously announced, Costanzo Industries is a leading force in Southern European construction. Besides their historical concentration in hotel and resort construction, Costanzo is currently servicing a 14% contractual interest in a three billion dollar high speed train construction project. This project is an ongoing collaboration with Fiat (NYSE: FIA) and General Motors (NYSE: GM).
2. Naples Office complex...purchase price 16.5m; 2m gross income easy math.
OKLAHOMA CITY, May 25 /PRNewswire/ -- Joseph Cala, Chairman and CEO of Cala Corporation (OTC Bulletin Board: CCAA) today announced that Cala Corporation has entered into a purchase contract to acquire a twenty three floor office complex in the heart of the financial district of Naples, Italy. The building's purchase price is $16.5 million. The building has a reported current occupancy rate of nearly 99% which generates approximately $2 million in gross annual revenue.
3. Franchises...projected 5m
Cala Corporation has acquired a 51% interest in the Italian company, San Giuseppe Molino. The historic San
Giuseppe Molino Mills, located in Caltanissetta, Italy, are known for their high-quality bread products. The mills
currently wholesale their products throughout Italy. Mr. Calla stated that it is Cala Corporation's intent to quickly
open a flagship bakery/cafe in San Cataldo, Sicily. This site will become the prototype bakery/cafe for expansion
into European, American and Japanese markets. Cala Corporation's goal is to open over 100 franchise locations
within five years. This acquisition is expected to bring immediate revenue to Cala Corporation. Annual
system-wide sales for the mill and eight retail locations exceed $5 million.
4. B-Tec...2nd year revenues of 36m
Recently Joseph Cala, Chairman and CEO of Cala Corporation (OTC Bulletin Board: CCAA) anounced that
extensive groundwork for the Cala Corporation and B-Tec, Inc. of Italy alliance, initially announced on June 5,
2000, has already been completed. Key personnel, needed to assist in Sicily, have been identified and enlisted.
Preliminary marketing to distribute the battery packs in Italy, as well as internationally, has been done. A financial
analysis coupled with a detailed business plan has also been completed. The initial configuration of the plant
assembly line will produce 4.5 million units. The production capability of the plant will be upgraded to produce nine
million units the second year. Based upon this analysis, second year revenues are expected to be $36 million. |
