SOURCE: Cal-Bay International, Inc.

June 12, 2007 11:09 ET

Cal-Bay International, Inc. Portfolio Holdings as of June 12, 2007

CARLSBAD, CA--(Marketwire - June 12, 2007) - Cal-Bay International, Inc. (PINKSHEETS: CBAY) Property Portfolio Holdings as of June 12, 2007.

Cal-Bay International, Inc. announces the company's current property portfolio holdings as of June 12, 2007.

The valuations are based on management's assessment of current comparable properties and appraisals where applicable:

Portfolio Asset Value: $47.7M

Aspen Cove Resort, Utah
40+ Acres prime residential development property and operational
 lakefront lodge.
Management valuation based on comparative lot sales:

Las Vegas Residential Rental Portfolio:
Based on Market appraisals at time of purchase:

Texas Recreational Sports Facility, Dallas TX:
Appraisal.

Stonewal Estates Fist Trust Deed, FL
Legal recovery currently

North County, California, 3+ Acres
Approximate equity position to Cal-Bay: $18.5M

The company has financial interests in properties in Imperial Beach, Bonita, California and Florida which are currently in legal status. These properties and the financial investment are not included in the above valuation.

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

  • Contact:
    Public Relations
    (760) 930-0100
    Fax: (760) 930-0200