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To: StocksDATsoar who wrote (46850)	5/14/2000 10:37:00 AM
From: Cheesehead	Respond to of 150070

CCAA NEWS! You have to like the way this company is moving. Seems to be first class all the way. Friday May 12, 5:14 pm Eastern Time Company Press Release SOURCE: Cala Corporation Cala Corporation Retains KPMG to form Cala Institute. OKLAHOMA CITY, May 12 /PRNewswire/ -- Cala Corporation (OTC Bulletin Board: CCAA - news) today announced that the worldwide business consulting firm KPMG has been retained, and has completed preliminary applications, in the formation of the Cala Institute as a non-profit organization. The Cala Institute will be housed in the Undersea Resort & Casino, currently under development by the Cala Corporation. The purpose of this newly formed non-profit will be to expose disadvantaged youth to vertical hospitality service and management. The Cala Institute will draw young people from all sectors of society, from both rural and urban backgrounds. Joseph Cala, Chairman and CEO of Cala Corporation, stated that students would be trained at to provide unparalleled service at every level of the hospitality industry. KPMG is a global professional advisory firm whose aim is to turn knowledge into value for the benefit of its clients, its people, and its communities. With more than 100,000 people collaborating worldwide, KPMG provides consulting, tax and legal, advisory and assurance services from more than 820 cities in 159 countries. The formation of the Cala Institute is being directed by Senior Manager, John M. Panetta of KPMG's San Francisco office. Mr. Panetta has already completed preliminary applications to secure the Cala Institute's non-profit legal status. Cala Corporation recently announced the engagement of Guido Perla and Associates, renowned Naval Architects, Mechanical and Electrical Engineers to begin the engineering and plan preparation for the Undersea Resort & Casino. About Cala Corporation. Cala Corporation is an international hospitality company with a corporate emphasis on the ownership, operation and management of hotels, hotel-based restaurants, and real estate development. Cala Corporation is currently developing the Undersea Resort & Casino Project with proposed locations throughout the world. For further information on Cala Corporation, please contact 405-234-4960 or e-mail info@calacorporation.com. The information in this company profile 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. SOURCE: Cala Corporation