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


To: Jim Bishop who wrote (64986)9/26/2000 3:27:38 PM
From: rogelaw  Respond to of 150070
 
JIM indeed it did it acted just as she said it would but the way it traded yesterday i could not help thinking this was more then a case of the DT LOL.



To: Jim Bishop who wrote (64986)9/26/2000 3:28:33 PM
From: Jim Bishop  Read Replies (2) | Respond to of 150070
 
CCAA sheesh, more news

OKLAHOMA CITY--(BUSINESS WIRE)--Sept. 26, 2000--Joseph Cala,
Chairman and CEO of Cala Corporation (OTCBB:CCAA), today announced
that Cala of Italy, a wholly owned subsidiary of Cala Corporation, has
acquired a 51% interest in Pedana Costrufer of Italy, a prestigious
design and construction company specializing in boutique hotel and spa
projects.
This acquisition makes provisions for the management of Pedana
Costrufer of Italy to become employee affiliates of Cala of Italy.
Mr. Cala reported that this acquisition will generate $2.5 million
in revenues starting in the fourth quarter of 2000. Future contracts
booked by Pedana Costrufer of Italy are estimated at $10 million.
Mr. Cala also reported that the prestigious auditing firm of
Fratelli Malatesta will handle this transaction. Fratelli Malatesta is
a global merger and acquisition firm with offices in Rome and
Brussels.
Cala Corporation is an expanding global hospitality company
headquartered in San Francisco/Silicon Valley with offices in
Oklahoma City, Milan, Italy, and Catania, Sicily.

About Cala Corporation

Cala Corporation is a developing international hospitality company
with a corporate emphasis on the ownership, operation and management
of hotels, hotel-based restaurants, and real estate development. 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.

--30--SAM/dx*

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

KEYWORD: OKLAHOMA CALIFORNIA ITALY BELGIUM INTERNATIONAL EUROPE
INDUSTRY KEYWORD: TRAVEL BUILDING/CONSTRUCTION REAL ESTATE
MERGERS/ACQ
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