SOURCE: Cal-Bay International, Inc.

Cal-Bay International, Inc.

March 26, 2010 09:58 ET

Cal-Bay International Announces Property Acquisition

LAS VEGAS, NV--(Marketwire - March 26, 2010) -  Cal-Bay International, Inc. (PINKSHEETS: CBYI) today announces the acquisition of property in Provo, UT. The property was recently saved from foreclosure by Cal-Bay, and the current tenants were permitted to remain as renters. While Cal-Bay has focused primarily on the Las Vegas market, the company has recognized that there are distressed properties throughout the country and has remained open to promising opportunities wherever they are found.

Shaun Bailey, CEO of Cal-Bay, said, "Like our recent acquisition in Las Vegas, this property has good cash flow potential and may be a property we can turn quickly. For the price, we believe the property can be sold on the open market within the next few months with an ROI well within the desired target range of our business plan. Also, by design, this should boost our cash flow for investment in additional properties."

Cal-Bay International has invested in real estate in Utah in the past, in addition to real estate investments in Nevada, California, and Arizona. While Utah has not been affected quite as drastically as these other states have been by the current economic situation, many homeowners have found themselves upside-down, foreclosures have increased, and under-valued properties are still available throughout the state.

For more information concerning the business plan of the company and market trends, please visit www.calbayinternational.com.

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.

Contact Information

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    Cal-Bay International, Inc.
    (702)576-9849
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