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Microcap & Penny Stocks : CCAA - CALA CORPORATION - Undersea Resort Hotel. -- Ignore unavailable to you. Want to Upgrade?

To: Due Diligence who wrote (1)	2/14/2000 4:23:00 PM
From: P.S.N.	Read Replies (1) \| Respond to of 106

DD, How do I get a price on this one? PSN

To: Due Diligence who wrote (1)	2/14/2000 5:11:00 PM
From: Spark	Respond to of 106

..friend of mine had a long and great conversation w/ Joe Johnston, head of IR. Here's what she was told: CRCG (now CCAA) was a public shell and they had been looking for someone to buy them for about a year and a half. They had a few offers, but no marriage. About 30 days ago, Joseph Cala stepped up to the plate and purchased over 50% of CRCG to gain controlling interest. Mr. Cala is from Sicily and has extensive restaurant/hotel experience. Also, his family owns a 1.45 billion insurance/accounting firm,and the largest in Italy (I think the name was KKR). He is 39 years old and holds a masters degree from Stamford University and created and developed the FILA sportswear line which he built into an $800 million business, while at the same time, retaining hotels and restaurants in Europe and other parts of the world. Unfortunately, with the conversion of the yen, he lost about 95% of his worth and is 'starting over' with a current net worth of about $44 million. Mr. Cala does not see that as anything but motivation to regain it with his ventures involving CRCG (now CCAA). He is a 'mover & shaker', travels over 600k miles per year, and is extremely well connected all over the world. His goal is to take CCAA to the NYSE or the NAS. While Joe Johnston was sitting in the car with him, Mr. Cala picked up his cell phone and got the Chairman of the Board of the NYSE on the phone, saying that the guy is a personal friend of his. Regarding the float: The float is currently between 2mil - 3 million. However, in the last 4 weeks, a million shares have turned, and the rest is tightly held so he said the MM's are hurting for shares and he feels effectively, it's more like a 1 million float left. Last week, one of the guys in California who owns 1 million shares was approached to sell them at .30 and he refused. Basically, CCAA will be a conglomerate with separate divisions. One will be the hotel division, one the restaurant division and another will be where they throw other money-making ventures like the purchase of the mahogany in Belize. Joe Johnston, head of IR, used to head up the PR for the Chi-Chi's Mexican restaurant chain and took the stock from .30 to over $100 per share in about 7 years. He said he knows the ins & outs of promotion and PR and will forge a very positive and agressive approach for CCAA. Here is one of the earlier PR's: JOSEPH CALA ACQUIRES CONTROLLING INTEREST IN CREATIVE RESTAURANT CONCEPTS, INC. SAN JOSE, Calif., Oct 21, 1999 /PRNewswire via COMTEX/ -- Creative Restaurant Concepts, Inc. (OTC Bulletin Board: CRCGE) today announced that Mr. Joseph Cala, San Jose, California, has purchased a controlling ownership interest in the company. Mr. Cala has become the Chairman of the Board, a Director, President and Treasurer of the company. He currently owns and operates Cala Hotels Corporation, a Hawaiian corporation. He was trained in Europe's finest restaurants, including Chez Maxim's of Paris, as well as the Cala Di Volpe of Costa Smeralda in Sardinia, Italy. Previously, Mr. Cala developed and operated the L' Italiano restaurants in Honolulu with branches in Tokyo and Sacramento, California. L' Italiano of Honolulu was rated one of the best restaurants in the world. Because of the level of service, the L' Italiano of Honolulu became the hot spot for some of the richest and most famous people in the world. Mr. Cala plans to expand the company's Oklahoma City based Ground Floor Cafes as franchised Italian cafes designed to compete with nationally known coffee shops. SOURCE Creative Restaurant Concepts, Inc. (C) 1999 PR Newswire. All rights reserved. prnewswire.com -0- CONTACT: Joe Johnston of Creative Restaurant Concepts, Inc., 405-831-9827; or Woody Wallace of The Investor Relations Company, 847-564-5610, for Creative Restaurant Concepts, Inc. (CRCGE) GEOGRAPHY: California INDUSTRY CODE: RST SUBJECT CODE: ECO TNM I have read it! Reply Note: The message will remain in your "Unread" folder until you click the trash can or reply to it.