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

To: bottomfish who wrote (64667)	9/23/2000 2:38:05 PM
From: dale_murphy	Respond to of 150070

All I know is what CCAA has put out in their last Costanzo release and what Mr. Cala said in a interview on 9/12/00. Which was he feels 99% sure that Costanzo will be acquired by Cala Corporation. I also read a post by Sprintcar on Raging Bull that he spoke with Mr. Cala who said newspapers in Italy reported this past week that Cala is the front runner: ragingbull.altavista.com Interview Link: wallstreetreporter.com Last Press Release on Costanzo by Cala Corporation: Cala Corporation Close to Finalizing Costanzo Industries Purchase OKLAHOMA CITY, Aug. 9 /PRNewswire/ -- Joseph Cala, Chairman and CEO of Cala Corporation (OTC Bulletin Board: CCAA - news) today announced that it has agreed to set October 1, 2000 as the closing date for the purchase of Costanzo Industries of Italy. It is expected that once the sale is finalized, Costanzo will relocate to new offices and change its name to Cala Construction. Cala Corporation is in the process of providing financial assurances that it will fund $2.6 million at closing. These assurances will be provided in the form of bank letter or investment banking letter. The $2.6 million cost continues to be negotiated and is subject to adjustment at closing. Financing for the purchase of Costanzo is expected to come from U.S. sources. Costanzo Industries has $250 million in government contracts scheduled to begin during the next three years. Mr. Cala also reported that Company efforts to gain recognition in Italy for its stock and to facilitate trading there are being supported by banks throughout Italy. Dr. Scarlata of the Borsa Milan Bank is heading up this campaign. The Borsa Milan Bank has offices in every major city in Italy. 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.