Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Due Diligence who wrote (49860)	6/7/2000 10:04:00 AM
From: Jim Bishop	Read Replies (1) \| Respond to of 150070

CCAA the daily news is out. OKLAHOMA CITY, June 7 /PRNewswire/ -- Joseph Cala, Chairman and CEO of Cala Corporation (OTC Bulletin Board: CCAA) today announced that extensive groundwork for the Cala Corporation and B-Tec, Inc. of Italy alliance, initially announced on June 5, 2000, has already been completed. Key personnel, needed to assist in Sicily, have been identified and enlisted. Preliminary marketing to distribute the battery packs in Italy, as well as internationally, has been done. A financial analysis coupled with a detailed business plan has also been completed. The initial configuration of the plant assembly line will produce 4.5 million units. The production capability of the plant will be upgraded to produce nine million units the second year. Based upon this analysis, second year revenues are expected to be $36 million. Today, Mr. Cala emphasized that the technology manufactured at the plant in San Cataldo, Sicily will not only service the rechargeable battery needs of the cellular phone industry. Mr. Cala stated that Cala Corporation and B-Tec will also combine to reach the ever expanding power tool, medical implement, toy and small motor rechargeable battery markets. San Cataldo, Sicily has been chosen for plant construction so that Cala Corporation can take advantage of substantial government incentives. The plant is expected to employ more than 600 people, drawn mostly from the local region. The plant will also create several hundred other jobs in the support industries of transportation, distribution, packaging and advertising. Cala Corporation intends to have a significant and beneficial impact on the local economy, where unemployment rates climb as high as 40%. All manufacturing equipment will be built in the United States then shipped to Italy for assembly and installation. B-Tec has completed the design and drawings for plant construction. 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- 06/07/2000 /CONTACT: Cala Corporation, 405-235-4960, or email, info@calacorporation.com/ /Web site: calacorporation.com / (CCAA) CO: Cala Corporation; B-Tec, Inc. ST: Oklahoma, Italy IN: TLS LEI SU: * end of story *