March 25, 2010 11:25 ET

Cal-Bay International Announces New Property

LAS VEGAS, NV--(Marketwire - March 25, 2010) -   Cal-Bay International, Inc. (PINKSHEETS: CBYI) today announces the acquisition of a new property in Las Vegas, Nevada. The property currently has both tenants and positive cash flow.

Shaun Bailey, president of Cal-Bay, said, "We have officially begun to obtain property in Las Vegas and a few other related markets. Like many properties we have looked at so far, this latest property in Las Vegas meets the value and cash flow requirements we have as a company. This, of course, is only one of many properties we plan to acquire in the next few months."

The business plan of Cal-Bay includes procedures to purchase under-valued real estate in markets that have been deeply affected by the crash of the housing market and the resulting economic difficulties. In addition to a significant drop in the median sale price of both residential and commercial real estate in Las Vegas (and related markets), large numbers of foreclosures and underwater mortgages provide opportunities to purchase property at a considerable discount to even the current market price. With a heavy focus on residential single-family dwellings, Cal-Bay has been actively pursuing these heavily discounted properties for quick resale or for sale at a premium later. The company has also looked at "short-sale" and only recently foreclosed properties that are typically not as cheap, but have much less damage or need for repair.

According to, Las Vegas continues to have a rolling annual foreclosure rate of over 3.5% of all homes in the valley and 58% of homes are still sold for a loss. The number of available homes sold at a discount appears to remain very high for the foreseeable future.

For more information concerning the business plan of the company and market trends, please visit

FORWARD-LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties. The Company assumes no obligation to update any of the forward-looking statements in this release.