Cala to Move Headquarters to San Francisco Business Editors OKLAHOMA CITY--(BUSINESS WIRE)--Sept. 13, 2000--Joseph Cala, Chairman and CEO of Cala Corporation (OTCBB:CCAA), has just announced that he will move Cala Corporation's headquarters from Oklahoma City, Oklahoma, to the San Francisco Financial District in California. The move will provide for a closer proximity with Cala Corporation's daily operations and the following principals and offices. -- Clive Jones of Economic Research Associates -- George Bearen of Wimberly, Allison, Tong and Goo -- Guido Perla of Perla Associates -- Art Firmes of Spa Resorts International -- Silicon Valley Venture Capitals and Investors The date for the move of the headquarters from Oklahoma City to San Francisco is pending at this time. About Cala Corporation Cala Corporation is a developing international hospitality company with a corporate emphasis on the ownership, operation and management of hotels, hotel-based restaurants, and real estate development. Cala Corporation is currently developing the Undersea Resort and Hotel project, with proposed locations throughout the world. The information in this news release includes certain forward-looking statements as defined in the "Safe Harbor" provision of the Private Securities Litigation Reform Act of 1995. These statements are based upon assumptions that are subject to significant risks and uncertainties. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any of its forward-looking statements will prove to be correct. This press release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents. For further information on Cala Corporation, please contact 405/235-4960 or e-mail info@calacorporation.com. --30--SAM/dx* CONTACT: Cala Corporation, Oklahoma City Joseph Cala, 405/235-4960 info@calacorporation.com |