posted
Cal-Bay Acquires Controlling Interest of MB3 Motorsports NASCAR Controlled ARCA Series #14 Race Team, Finishing 8th in Talledaga Speedway Event October, 2006 Monday October 23, 9:20 am ET CARLSBAD, Calif.--(BUSINESS WIRE)--Cal-Bay International, Inc. (OTCBB:CBAY - News) Announced the Company Recently acquired controlling Interest Of NASCAR Controlled #14 ARCA Series Race Team MB3 Motorports LTD. Cal-Bay's Board of Directors today announced the acquisition of NASCAR controlled ARCA Series Racing Team MB3 Motorpsorts Ltd. Cal-Bay recently acquired controlling interest of Michael Burtons MB3 ARCA Series Racing Team, with a combination of cash and Preferred B shares. Cal-Bay CEO Roger Pawson commented, "We are ecstatic that Cal-Bay was able to complete the acquisition and finish in 8th position in the Talladega Speedway Event on October 6th, 2006." Cal-Bay acquired controlling interest of the race team from Florida-based Michael Burton and relocated the team immediately to Mooresville, N.C., in the heart of NASCAR Raceland, and was able to renew a two-year contract with one of the series' up-and-coming rookie drivers, Michael Faulk. Roger Pawson further commented, "The company acquired controlling interest in MB3 as a major marketing vehicle for Cal-Bay subsidiary COBS Homes LTD. NASCAR racing events are the leading spectator sports events in the USA today and leading sponsors are major and a major source of exposure for COBS Homes as NASCAR teams run with major sponsors such as Lowe's, Home Depot, KB Homes and other leading developer and developer suppliers. The COBS #14 cars are able to run with the Home Depot logo as part of the business partnership contract between Home Depot and COBS Homes LTD." Cal-Bay will be posting the entire 2007 race season schedule for the #14 COBS Team in November 2006, along with test dates and performance times. Cal-Bay and COBS Homes will be publishing a specific Race Team website in November with direct links from both Cal-Bay and COBS websites. Cal-Bay and COBS Homes are currently in negotiations for additional sponsorship for the 2007 Race Calendar for the Cal-Bay powered COBS #14 Race Team.
-------------------- Patience - works best with non-penny stocks Posts: 108 | From: Seattle | Registered: Oct 2005
| IP: Logged |
-------------------- It is better to be thought a fool than to speak and remove all doubt. Posts: 357 | From: Minnesota | Registered: Jun 2005
| IP: Logged |
-------------------- "As long as there are dreamers, there are dreams that will come true." Posts: 862 | From: CT Yankee..... in FLA | Registered: Aug 2005
| IP: Logged |
posted
Cal-Bay International, Inc. CBAY Announced Cal-Bay's Board of Directors announced the company had submitted 11.25 Million shares of Cal-Bay common stock to the company's transfer agent for cancellation.
Recent investing newsCobalis Reports All Patient Diaries in Phase III Clinical Trials for OTC Anti-Allergy Product Candidate Are CompletedAt Forbes: Whose Polls Are Problematic?The Pantry Provides Update on Recent Acquisition and Store Development ActivityMosaic Announces Proposed Senior Notes OfferingSEI Forum Helps CCOs Improve Compliance Cultures Cal-Bay's Board of Directors commented, "This is the first batch of shares to be cancelled within the program and other cancellations are due in the very near future."
Cal-Bay implemented the program in an effort to reduce the "short position" in the company's tradable stock.
Cal-Bay has implemented a mandatory certificate exchange of the common and Preferred "B" shares as an additional measure to help combat the "short position."
posted
Thanks for the news! Etrade seems to be stuck in yesterday-not getting todays data or news.
-------------------- It is better to be thought a fool than to speak and remove all doubt. Posts: 357 | From: Minnesota | Registered: Jun 2005
| IP: Logged |
-------------------- It is better to be thought a fool than to speak and remove all doubt. Posts: 357 | From: Minnesota | Registered: Jun 2005
| IP: Logged |
Cal-Bay International Retires 11.25 Million Shares of Common Stock in the First Round of the Company's Stock Cancellation Program Business Wire - November 07, 2006 09:01
CARLSBAD, Calif., Nov 07, 2006 (BUSINESS WIRE) -- Cal-Bay International, Inc. (OTCBB:CBAY) Announced Cal-Bay's Board of Directors announced the company had submitted 11.25 Million shares of Cal-Bay common stock to the company's transfer agent for cancellation.
Cal-Bay's Board of Directors commented, "This is the first batch of shares to be cancelled within the program and other cancellations are due in the very near future."
Cal-Bay implemented the program in an effort to reduce the "short position" in the company's tradable stock.
Cal-Bay has implemented a mandatory certificate exchange of the common and Preferred "B" shares as an additional measure to help combat the "short position."
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, Public Relations, 760-930-0100 Fax: 760-930-0200 IR*calbayinternational.com www.calbayinternational.com
Copyright Business Wire 2006
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
| IP: Logged |
posted
Patience is going to pay off big on this one.
-------------------- It is better to be thought a fool than to speak and remove all doubt. Posts: 357 | From: Minnesota | Registered: Jun 2005
| IP: Logged |
posted
This one looks really good. The news today and the chart is coming off bottom...seems like a very good combination. Still at a good buy in level IMO.
Posts: 1053 | Registered: Mar 2006
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
