MANCINI IMOIL AQUIRES CALA CORPORATION
ITRI, ITALY April 18, 2001 The Mancini Family today announced that a
definitive agreement has been signed that will merge Mancini I.M.O.I.L., a
private Italian Corporation, imoil.com into Cala Corporation.
(OTCBB: CCAA) Mancini I.M.O.I.L is approximately a $20 million (U.S.
dollars) industrial olive oil producing firm at the vanguard of today's technology.
Founded by Genesio Mancini, and enjoying more than 40 years of production
and sales of olive oil and vegetable oil products, the Company has its roots in
a very prestigious region of Italy. With constant attention to quality, Mancini
I.M.O.I.L. has become one of the most modern and efficient industries in the
sector, while respecting the ancient olive oil-production techniques and
traditions. The Company continues to look ahead to keep its actual
productivity up to the ever-changing needs.
Currently, Mancini Olive Oil is distributed in the United States by Manzo
Foods, Miami, Florida and sold to Romano Macaroni Grill's www.brinker.com
(NYSE:EAT) under the labeling of Genesio. In addition our olive products are
sold successfully throughout Europe.
"We are pleased to have established a presence in the United States by
acquiring Cala Corporation and look forward to expanding our sales visibility
throughout the United States, Canada and Japan," said Quirino Caparreli.
General Manager of Mancini, IMOIL.
Certain matters described herein contain forward-looking statements that are
made pursuant to the Safe Harbor provisions of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements involve a number of risks,
uncertainties or other factors beyond the Company's control, which could
cause actual results to differ materially from our current expectations.
Contact: Cala Corporation
Joseph Calla
408 230-0752 |
