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Gateway Distributors, LTD Signs Letter of Intent to Acquire Salt Lake City Distribution Company; Acquisition Forecasted Business Editors
LAS VEGAS--(BUSINESS WIRE)--July 20, 2006-- Gateway Distributors, LTD (OTCBB: GWDB) announced the company signed a binding letter of intent for the acquisition of Marshall Distributing, LLC, a health supplement distributor in Salt Lake City. Marshall owns and operates an e-commerce site, and real estate and distribution center, together valued at over $6 million and all of which are included in the deal. In addition to gaining these assets, the acquisition is forecasted to increase the company's 2006 revenues by $2.5 million.
"The company's sale of real estate to Cal-Bay International (OTCBB: CBAY) facilitates this exciting acquisition," said Gateway President and CEO Rick Bailey, referring to the company's 30 million shares that it holds of Cal-Bay International preferred stock. "In addition to vastly increased company earnings and asset gains, we are confident that this acquisition will cost-effectively allow us to expand the focus of our core business and streamline our fulfillment processes while increasing the company's product inventory from 29 products to in excess of 6,000."
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.
KEYWORD: NORTH AMERICA NEVADA UNITED STATES INDUSTRY KEYWORD: HEALTH PHARMACEUTICAL MERGER/ACQUISITION SOURCE: Gateway Distributors, LTD
CONTACT INFORMATION: Gateway Distributors, LTD, Las Vegas Rick Bailey, 702-317-2400
-------------------- Insanity: doing the same thing over and over again and expecting different results Posts: 491 | Registered: Jun 2006
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Gateway Distributors, LTD Closes Acquisition of Marshall Distributing, LLC; Acquisition of Salt Lake City Based Distribution Company Forecasted to Generate $2.5 Million in Revenue, Double Company Earnings Business Wire - August 07, 2006 09:02
LAS VEGAS, Aug 07, 2006 (BUSINESS WIRE) -- Gateway Distributors, LTD (OTCBB:GWDB) announced the Company closed its acquisition of Marshall Distributing, LLC a health supplement distributor based in Salt Lake City, Utah. Marshall owns and operates an e-commerce site, real estate and distribution center, all of which are included in the deal, also forecasted to increase the Company's 2006 revenues by 100% from 2005 to over $5 million.
"We are excited about this cost-effective acquisition for many reasons. Facilitated by Company-owned stock (of Cal Bay International - (OTCBB:CBAY)), the acquisition of Marshall will bolster both our balance sheet and bottom line by bringing assets to the table and doubling our revenue," said Gateway President and CEO Rick Bailey.
The acquisition is forecasted to generate $2.5 million in revenue for the Company.
"Additionally, Marshall's distribution center will now streamline our current fulfillment needs, while increasing the Company's overall product inventory from 29 unique products to more than 6,000. This is a big day for Gateway," Bailey concluded.
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More News: A few more pr's with this volume and I think we run
Cobs Homes Announces Intent To Build Multiple $2M+ Luxury Homes in Premier Southern California Location Business Wire - August 08, 2006 10:25
CARLSBAD, Calif., Aug 08, 2006 (BUSINESS WIRE) -- Cobs Homes, a wholly owned subsidiary of Cal-Bay International, Inc. (OTCBB:CBAY), announces the company is in the final stages of negotiations for the acquisition of a premier land parcel in Southern California.
Cal-Bay's public relations department made the announcement today that the Cobs Homes subsidiary is expanding operations to include the acquisition of land for development and the construction of luxury homes to be fully built and sold by Cobs.
Cobs Homes is currently one of the premier Complete Owner Builder Service ("COBS") for single family owner builders nationwide and is already targeting $6M+ in revenue for 2006 from existing contracts for Owner Builder Services.
Cobs' first commercial land acquisition and development is in the final stages of negotiations and expects to have contracts completed this week.
The development, when fully completed, is expected to add $10M to Cobs' revenues and should increase gross profits substantially.
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.
SOURCE: Cal-Bay International, Inc.
Cal-Bay International, Inc. Tim Garlin, (760) 930-0100 Fax: (760) 930-0200 IR*calbayinternational.com
Copyright Business Wire 2006
Posts: 30 | From: Va | Registered: Apr 2006
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THREE MONTH PERIODS ENDED June 30, 2006 AND 2005
Cal Bay generated $313,540 in revenues for the three months ended June 30, 2006 compared to $0 in revenues for the same period in 2005. Operating expenses for the three months ended June 30, 2006 were $1,788,558 compared to $607,924 for the same period in 2005. Total net income (loss) for the three months ended June 30, 2006 was $5,402,094 compared to a loss of $ (607,924).
LIQUIDITY AND CAPITAL RESOURCES
As of June 30, 2006, Cal-Bay had total assets of $32,473,389. Those assets are comprised primarily of the real estate the company acquired, the acquisition of COBS homes and $225,000 of the assets are comprised of the proprietary software TLCO and cash in hand of $261,061.
Current liabilities totaled $7,757,465.00.
The company believes that in order to maintain its current real estate holdings and to close escrow on the properties currently in escrow, the Company must raise additional capital. The Company has no current plan in place to raise additional capital. The Company may sell additional stock, arrange debt financing or seek other avenues of raising capital.
Posts: 749 | Registered: Aug 2005
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This has been beaten down from around $1, to it's current levels near 52 week lows...
Chart wise, it is ready for a bottom bounce, add to that, good #'s, and a low o/s (22mil) and you have a recipe for a nice reversal. this could easily go to .50 in the next couple of days, IMO...
Posts: 2741 | From: Seattle | Registered: Feb 2005
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Cal-Bay Opens Escrow for Acquisition of 2.5 Acre Premium Commercial Development Property in Las Vegas, Nevada
September 21, 2006 09:25:32 (ET)
CARLSBAD, Calif., Sep 21, 2006 (BUSINESS WIRE) -- Cal-Bay International, Inc. (CBAY, Trade) announces opening of escrow for the acquisition of 2.5 acre premium development property in Las Vegas, Nevada.
Cal-Bay's Board of Directors today announced the company has entered into a contract for the purchase of the property in the Rainbow area of Las Vegas. The frontage property is in a desirable development zone for medical and commercial administrative buildings and is surrounded by new commercial construction projects.
Cal-Bay CEO Roger Pawson commented the property will be a premium development project for the company that will include a combination of commercial office and medical center administrative properties.
Cal-Bay is currently in negotiations for several other Residential and Commercial development properties.
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.
SOURCE: Cal-Bay International, Inc.
Cal-Bay International, Inc. Tim Garlin, 760-930-0100 Fax: 760-930-0200 IR*calbayinternational.com www.calbayinternational.com Copyright Business Wire 2006
Might just have to take a trip to Vegas to check it out =)
Posts: 56 | Registered: Aug 2006
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posted
just got in at .127 this is very low. i suspect nice bounce from here... anyone buyin up more?
Posts: 2794 | From: nyc | Registered: Aug 2005
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juice i hope so i havent done well at all and the girlfriend has given up on me but i havent.
Posts: 65 | From: Texas | Registered: May 2006
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quote:Originally posted by Tradintexas: juice i hope so i havent done well at all and the girlfriend has given up on me but i havent.
i feel ya man. ive had that experience many o times. ive been trading for 3 yrs now and ive learned some tough lessons:) biggest lesson to be learned is never buy when stocks are moving up and chase em for a price u don't feel comfortable about. for example i loaded ecci at .06 and .052 and had a GTC sell at .08 and it hit today. Everyone was bailing the last few days and it hit all time lows, PERFECT time for a bounce. you have to play things when people say their losing money and this stock sucks yatta yatta, not when the stock rocks and its flying up, because you know its going to go the other way eventually and that is way harder to predict then a bounce up.
now, cbay was in the teens a while back, i coulda bought and didnt and i saw it go upwards of a buck punching myself in the face. I'm not going to miss out on another move. i think you got in at a great price my friend. im not expecting a buck here or holding for that at all. I put a sell at .17 thats about .05 on every share. I think if you look to make a killing you will end up getting killed. Make some, and sometimes some can be a lot if your lucky and get out. Greed is the hardest thing to avoid, but its the only way I have ever did ok in this game. anyway i plan to buy a lot more cbay anywhere under .12 .... GL to ya!! Posts: 2794 | From: nyc | Registered: Aug 2005
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quote:Originally posted by juice: just got in at .127 this is very low. i suspect nice bounce from here... anyone buyin up more?
Wish I bought more to average down, but I got 1k at .111 today.. low of day! woohoo!
-------------------- "As long as there are dreamers, there are dreams that will come true." Posts: 862 | From: CT Yankee..... in FLA | Registered: Aug 2005
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juice thanks for the reply. i know this can be done with a little know how and a lot of experience. i have only been trading for about 3 months and am getting kicked hard and the only one whose kicked me is me. had a few lessons such as 'hey wait for me and get in at the top only to get out the next day with losses not acceptable to me. i wont hold on to long to any thing that goes against me. i would rather take my smallest loss which is my first one. its hard to do but is getting easier. hope we have a good day tommorrow but i take it as it is. thanks again.
Posts: 65 | From: Texas | Registered: May 2006
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juice thanks for the reply. i know this can be done with a little know how and a lot of experience. i have only been trading for about 3 months and am getting kicked hard and the only one whose kicked me is me. had a few lessons such as 'hey wait for me and get in at the top only to get out the next day with losses not acceptable to me. i wont hold on to long to any thing that goes against me. i would rather take my smallest loss which is my first one. its hard to do but is getting easier. hope we have a good day tommorrow but i take it as it is. thanks again.
Posts: 65 | From: Texas | Registered: May 2006
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posted
I think CBAY is a steal!!! we can expect a bounce to a about .16 if u can get in anywhere around .11 DO IT!!!
Posts: 57 | From: MD | Registered: Sep 2006
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im fishin for .11, then .10 if it gets there... called IR this am, left a msg for Tim gonna try and pry for some news:)
Posts: 2794 | From: nyc | Registered: Aug 2005
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look out below!!! got my buys set now at .10 and a big one at .09... call me crazy:)
Posts: 2794 | From: nyc | Registered: Aug 2005
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quote:Originally posted by Tradintexas: juice i hope so i havent done well at all and the girlfriend has given up on me but i havent.
i feel ya man. ive had that experience many o times. ive been trading for 3 yrs now and ive learned some tough lessons:) biggest lesson to be learned is never buy when stocks are moving up and chase em for a price u don't feel comfortable about. for example i loaded ecci at .06 and .052 and had a GTC sell at .08 and it hit today. Everyone was bailing the last few days and it hit all time lows, PERFECT time for a bounce. you have to play things when people say their losing money and this stock sucks yatta yatta, not when the stock rocks and its flying up, because you know its going to go the other way eventually and that is way harder to predict then a bounce up.
now, cbay was in the teens a while back, i coulda bought and didnt and i saw it go upwards of a buck punching myself in the face. I'm not going to miss out on another move. i think you got in at a great price my friend. im not expecting a buck here or holding for that at all. I put a sell at .17 thats about .05 on every share. I think if you look to make a killing you will end up getting killed. Make some, and sometimes some can be a lot if your lucky and get out. Greed is the hardest thing to avoid, but its the only way I have ever did ok in this game. anyway i plan to buy a lot more cbay anywhere under .12 .... GL to ya!!
Nice post, juice....some of the things you mentioned are the hardest to learn. The big play always looks as easy as the small one, but I would be much farther ahead if I would have just played it safer.
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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.097x.10 1x3 got me 5k more at .10...they aren't stopping, pushing this down hard. gonna get 'em real cheap it looks like, you may get your .07 realtor
Posts: 2794 | From: nyc | Registered: Aug 2005
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got my buys set now at .10 and a big one at .09... call me crazy:)
