Cal-Bay International, Inc. (OTC Markets: CBYI) Shareholder Update.
DENVER, March 31, 2014 /PRNewswire/ -- Recently appointed President of Cal-Bay International, Inc. Walter Nicholas, today released the following Information update statement for the company's investors and shareholders.
The Company recently updated the Nevada Secretary of State, Public Information to a "Good Standing" status, along with recording the changes to the newly appointed Resident Agent.
Company financials were completed through December 31st, 2013 verified and uploaded to OTC Markets, along with the required basic information disclosure document, and Legal Opinion provided by the company's recently retained council.
OTC Markets typically after satisfactory review of the documents will reinstate a company's status to that of current information in 2-3 business days from the date of filing. Cal-Bay completed the upload filing(s) on Friday, March 28th, 2014.
Mr. Nicholas commented, "As part of the Three Million share Preferred "C" control stock purchase by the new management, the company Chairman's resignation will become effective immediately upon removal of the Caveat Emptor status by OTC Markets. All other previous Officers and Directors of the company have already resigned from the company in their entirety"
The company plans to release additional information in the form of Press Releases as to the company's business plans, market sector, technology, subsidiaries along with pending and potential acquisitions.
Additional appointments to The Board of Directors will be announced in the very near future.
Safe Harbor Statement: 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. Cal-Bay International, Inc.:
SOURCE Cal-Bay International, Inc.