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To: Bidder who wrote (62270)9/7/2000 2:10:10 PM
From: SSP  Read Replies (2) | Respond to of 150070
 
CCAA Announces ERA has Completed Feasibility Study for the First Undersea Resort in Maui


Business Editors

OKLAHOMA CITY--(BUSINESS WIRE)--Sept. 7, 2000--Joseph Cala,
Chairman and CEO of Cala Corporation (OTCBB: CCAA) today announced
that Economic Research Associates (ERA) has completed the feasibility
study with analysis and development programming for themed attractions
for the first Undersea Resort location in the world in Maui, Hawaii.
ERA Senior Vice President Clive Jones will stay active in leading
the proposed location, tourism, entertainment and subaqua attractions
through the grand opening.
The Cala Undersea Resort of Maui will become one of the world's
landmark attractions, especially among children and pro-environment
tourism. Mr. Cala projects the Undersea Resort will bring over two
million visitors per year.

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.

--30--djm/dx*

CONTACT: Cala Corporation
Joseph Cala, 405/235-4960
info@calacorporation.com