SOURCE: Cal-Bay International

Cal-Bay International

March 30, 2011 09:15 ET

Cal-Bay International, Inc. Announces Changes to Board of Directors

LAS VEGAS, NV--(Marketwire - March 30, 2011) -  Cal-Bay International, Inc. (PINKSHEETS: CBYI) today confirmed the appointment of Kevin Denniston as Company President and CEO simultaneous with the resignation of Shaun Bailey.

The company today announced the following changes to the Board of Directors.

Kevin Denniston is now Company President and CEO. Shaun Bailey has resigned from the board of Directors and is now contracted as a Real Estate consultant to the company for the next 12 months.

Mr. Denniston commented the Company requires some additional changes in Management to smoothly effect the additional changes required from a Real Estate holdings company to the "Green" Alternative Fuels and Energy sector. This transition will require the acquisition of Commercial Real Estate and Industrial land to develop the commercial facilities for the "Green" development overseen by Mr. Bailey.

Mr. Denniston further commented the company has retained the Las Vegas office and all corporate contact information remains the same. The current Website will remain operational during reconstruction and is anticipated to be fully revamped and launched by Mid April.

Outgoing President Shaun Bailey made the following statement:

"Dear Shareholders:
It is with both regret and anticipation that I submit this letter of resignation, effective immediately. I have decided to take this time to evaluate my current goals and investigate new opportunities. During my time with Cal-Bay, I have gained invaluable experience in public markets and private investments. We have seen a period of chaos in real estate become a much more manageable environment of risk and reward. While my own priorities lead me elsewhere, this is an exciting time for Cal-Bay International. The team that will replace me has the resources, experience, and capital to engender great success for this company. It has been a genuine pleasure working for the shareholders of Cal-Bay during these past three years. I wish all of you and those at Cal-Bay International, Inc. every success in all your endeavors."


Shaun Bailey

Safe Harbor Statement: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as CBYI or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.