CCAA news
OKLAHOMA CITY--(BUSINESS WIRE)--Sept. 25, 2000--Joseph Cala,
Chairman and CEO of Cala Corporation (OTCBB:CCAA), today announced
that Cala Corporation, through its wholly owned subsidiary, Cala of
Italy, has been invited to bid on the right to operate the historic
spas of Montecatini Terme in Tuscany, Italy.
The spas of Montecatini are known throughout the world for their
beauty and beneficial health effects. Mr. Cala stated that aside from
bringing Cala Corporation millions of dollars in potential revenue,
winning the right to manage the spas of Montecatini will brand Cala
Corporation with enormous prestige in the resort and spa business
community.
Montecatini, nestled in the rolling hills of Tuscany, actually has
more hotel rooms than residents. With nearly 18,000 rooms available
daily, Montecatini attracts an elite market share from across the
globe. Mr. Cala stated that a successful bid would not only be an
important step in establishing Cala Corporation as a force in the
hospitality market but would also create enormous spin-off
opportunities, including the potential acquisition of neighboring
resort and spa properties.
About Cala Corporation
Cala Corporation is a developer of international hospitality
businesses with a corporate emphasis on the ownership, operation and
management of hotels, resorts and casinos. 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.
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CONTACT: Cala Corporation, Oklahoma City
Joseph Cala, 405/235-4960
info@calacorporation.com
KEYWORD: OKLAHOMA ITALY INTERNATIONAL EUROPE
INDUSTRY KEYWORD: TRAVEL
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