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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: StocksDATsoar who wrote (49629)	6/5/2000 9:57:00 AM
From: Bidder	Read Replies (1) \| Respond to of 150070

Ok, I'll infuse a Million dollars!! LOL!

To: StocksDATsoar who wrote (49629)	6/5/2000 10:01:00 AM
From: Jim Bishop	Read Replies (1) \| Respond to of 150070

CCAA OKLAHOMA CITY, June 5 /PRNewswire/ -- Joseph Cala, Chairman and CEO of Cala Corporation (OTC Bulletin Board: CCAA) today announced that Cala Corporation has acquired a 51% interest in B-Tec of Italy. B-Tec of Italy, Inc. is the owner of an exclusive manufacturing agreement with E-Tech of the United States allowing for the production of their cutting edge cellular battery technology in Italy. The first manufacturing plant is scheduled to be built in San Cataldo, Sicily. The plant is expected to employ more than 400 people, drawn mostly from the local region. Mr. Cala stated that this project qualifies for special Italian government incentives that provide grants for up to 80% of land and construction costs. This type of government grant specifically targets certain areas of Italy for increased outside investment and employment opportunities. Cala Corporation has retained Dr. Alessandro Aitala to serve as a liaison with the Italian government to secure grant funding. Over the past eighteen years, E-Tech, Inc. has evolved into an internationally respected manufacturer and supplier of battery manufacturing equipment and technology. The company has developed a total of 29 alkaline production lines for Duracell and Ray-O-Vac. E-Tech has since developed nickel cadmium and nickel metal hydride manufacturing processes which are the focal point of its exclusive agreement with B-Tec of Italy. E-Tech has proven that it can successfully export its technology abroad. In China, several E-Tech joint ventures have yielded significant revenues from the production of batteries, battery packs, and electrodes. A feasibility study, commissioned and paid for by the United States Trade and Development Agency, has been implemented to study a similar technology transfer in Russia. Under this agreement, E-Tech will provide B-Tec with the equipment, technology, training, installation, warranties, and assist in marketing the final rechargeable battery packs. The technology produced by B-Tec will be compatible with cellular phones produced by such industry leaders as Nokia, Motorola, and SamSung. 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. SOURCE Cala Corporation -0- 06/05/2000 /CONTACT: Cala Corporation, 405-235-4960 or info@calacorporation.com/ /Web site: calacorporation.com / (CCAA) CO: Cala Corporation; B-Tec of Italy, Inc.; E-Tech, Inc. ST: Oklahoma, Italy IN: LEI CPR SU: TNM * end of story *