Business Editors
 
	   OKLAHOMA CITY--(BUSINESS WIRE)--Nov. 29, 2000--Joseph Cala,
Chairman and CEO of Cala Corporation (OTCBB:CCAA), today announced
that the Board of Directors has approved a corporate buy-back of an
additional one million shares of Cala Corporation common stock from
the open market.
	   The shares purchased by Cala Corporation will be placed in the
corporate treasury. The board has approved the additional one million
share corporate buy-back of Cala Corporation stock, which will occur
at management's discretion over the course of the next calendar year.
 
	   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.
 
    --30--LVD/dx*
 
    CONTACT: Cala Corporation, Oklahoma City
             Jennifer Breland, 405/235-4960
             info@calacorporation.com