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To: myturn who wrote (62232)	9/7/2000 12:04:57 PM
From: Jim Bishop	Read Replies (2) \| Respond to of 150070

CCAA news OKLAHOMA CITY--(BUSINESS WIRE)--Sept. 7, 2000--Joseph Cala, Chairman and CEO of Cala Corporation (OTCBB: CCAA) today announced that it has signed an exclusive import/export agreement with award-winning A.P.O.L., which represents 3,600 olive oil producers in Italy. This exclusive agreement was signed by both parties in Cala Corporation's early stages of seeking a strategic olive oil producing company partner to manufacture and then distribute the highest quality olive oil in the United States. The exclusive agreement with A.P.O.L is for the United States, Canada and Japan. Compensation for Cala Corporation will be based on A.P.O.L's standard fee structure. Import/export revenue expected from this agreement is projected at $10.0 million annually. 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 statement 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. --30--djm/dx* CONTACT: Cala Corporation Joseph Cala, 405/235-4960 info@calacorporation.com KEYWORD: OKLAHOMA ITALY INTERNATIONAL EUROPE INDUSTRY KEYWORD: FOODS/BEVERAGES Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *