TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: SSP who wrote (49038)	5/31/2000 4:13:00 PM
From: Jim Bishop	Read Replies (2) of 150070

CCAA Bloomberg quote.bloomberg.com Cala, AGS Agree to Build $150 Million Hotel in Istanbul By Adam Steinhauer Oklahoma City, May 31 (Bloomberg) -- Cala Corp., a developer of hotels and resorts, said it agreed to build a $150 million luxury hotel in Istanbul with Italian engineering firm AGS Srl. Cala will own a 51 percent interest in the development contract, Cala said. The Bank of Rome will finance the project, and development plans are nearing completion. Cala said it's negotiating for a contract to manage the hotel in Istanbul. The Oklahoma City-based company also has been trying to develop an ``Undersea Resort and Hotel'' project at one of several proposed locations throughout the world. Separately, Cala said it ended an agreement to develop a Cascina Restaurant at the Radisson Hotel at Fisherman's Wharf in San Francisco. Chairman and Chief Executive Joseph Cala said in a statement that he canceled the contract to focus on acquisitions. The company has said it's trying to buy Italian resort builder Costanzo Industries out of receivership from the Italian government. Cala shares today rose 1/16 to 5/16 in early afternoon trading.

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