SOURCE: The Wall Street Small Cap Reporter

June 16, 2005 07:10 ET

Wall Street Futures Featured Company CALI Holdings (OTC BB: CALI) Revises Forecasted Revenues for Acquisition Target

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by The Wall Street Small Cap Reporter.

DALLAS, TX -- (MARKET WIRE) -- June 16, 2005 -- Wall Street Futures, a leading source of news and information for the small cap investor, continues its coverage of CALI Holdings, Inc. (OTC BB: CALI) as one of its "stocks to watch" among small cap holding companies.

CALI is a business development company that invests in early stage, established, and growing businesses throughout the United States.

As part of the company's ongoing restructure, CALI announced this week that it will sell its equity position in Cummings Financial Services to Krone Mace, a subsidiary of another CALI portfolio company, KMA Capital Partners, Ltd. The move consolidates CALI's financial services businesses.

In other news, CALI announced four-month financial results for its current acquisition candidate, a southwest regional general contractor engaged in site utility construction. The firm's revenues for the four months ending April 30, 2005, were $12.9 million, with adjusted EBITDA of $563,809. It is currently on track to generate approximately $35 million in fiscal 2005 revenues, with adjusted EBITDA of approximately $2.8 million.

These figures represent a positive revision to the previously forecasted $30 million in revenue and adjusted EBITDA of approximately $2.6 million.

Shares of CALI closed Wednesday at $0.0121 on volume of nearly 5.9 million. Should CALI complete its planned acquisition, this stock could be poised for a significant, positive adjustment.

Hudson City Bancorp (NASDAQ: HCBK), Raven Moon Entertainment (OTC BB: RVNM), and American Energy Production (OTC BB: AMEP) also are among Wall Street Futures' high-volume "stocks to watch" this week.

******* Disclaimer: Please Read *******

Wall Street Futures is a news service of Wall Street Small Cap Reporter (WSSCR). WSSCR publishes reports providing information on selected companies that it believes have investment potential. WSSCR is not a registered investment advisor or broker-dealer. This report is provided as an information service only, and the statements/opinions therein should not be construed as an offer or solicitation to buy or sell any security. WSSCR accepts no liability for any loss arising from an investor's reliance on or use of this report. An investment is considered to be highly speculative and should not be considered unless a person can afford a complete loss of investment. WSSCR has been hired as a consultant and has been paid by a third party for the publication and circulation of this report. This report contains forward-looking statements, which involve risks and uncertainties -- including, but not limited to, risks associated with changes in general economic and business conditions, actions of competitors, market acceptance of the company's services, and/or changes in its business strategies -- that may cause actual results to differ materially from those set forth in these statements. For further details concerning these risks and uncertainties, please request additional information directly from the company featured above or obtain the SEC filings of the company including the company's most recent annual and quarterly reports.

Contact Information