OKLAHOMA CITY--(BUSINESS WIRE)--Nov. 29, 2000--Joseph Cala, Chairman and CEO of Cala Corporation (OTCBB:CCAA), today announced that the Board of Directors has approved a corporate buy-back of an additional one million shares of Cala Corporation common stock from the open market.
The shares purchased by Cala Corporation will be placed in the corporate treasury. The board has approved the additional one million share corporate buy-back of Cala Corporation stock, which will occur at management's discretion over the course of the next calendar 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.
For further information on Cala Corporation, please contact 405/235-4960 or e-mail info@calacorporation.com.
CONTACT: Cala Corporation, Oklahoma City
Jennifer Breland, 405/235-4960
info@calacorporation.com
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