CBYI: News, Volume and Price Alerts! Up another 10
Post# of 36168
CBYI: News, Volume and Price Alerts! Up another 100% .0003 x .0004 keeps climbing!
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City of Oroville in Negotiations With Cal-Bay for Natural Water Processing
Facility at Company's Oroville Industrial Park Project
LAS VEGAS, NV, May 24, 2012 (MARKETWIRE via COMTEX) -- Cal-Bay International,
Inc. (PINKSHEETS: CBYI) today announced the company is in negotiations with the
City of Oroville, California's largest natural water distributor for the
development of a Natural Water Processing & Bottling Facility on the company's
200 acre "Enterprise Zone" facility in the City of Oroville, California.
The City of Oroville, already provides over 50% of California's natural water
and the negotiations are for the development of a multiple acre water
distribution processing facility on the Cal-Bay JV 200 acre development in the
"California Enterprise Zone." The successful agreement of the project would
significantly enhance Oroville's natural water supply production throughout
California.
Cal-Bay's JV development of the 200 acre site is primarily designed to build-out
long term lease facilities for "All Green" and Alternative Energy Fuel companies
along with Natural resources enterprises. Ensuring the company qualifies for the
maximum City, State and Federal credits along with the "Enterprise Zone"
opportunities to attract established qualified producers and manufacturers
within the required sectors.
Cal-Bay acquired a 50% ownership as a joint venture agreement of the land
development with First Capital Real Estate Investors. The acquisition includes
the formation of a Cal-Bay Subsidiary LLC equally jointly owned by Cal-Bay and
First Capital Real Estate and will be titled "Cal-Bay First Capital LLC." The
property is being re-titled in the newly formed LLC's name. Property deeds will
be transferred to the newly formed LLC. All revenues from companies acquiring
properties in the Park will be designated to the Joint Venture LLC equally
controlled by Cal-Bay and First Capital.
Oroville Industrial Park is a fully entitled land development project, which at
current market value is valued at approximately $17.4M, when fully developed
over the next 3 years the entire Park is expected to be valued in excess of
$200M.
City of Oroville: www.cityoforoville.org
ABOUT CAL-BAY INTERNATIONAL: Primarily a Residential & Commercial Real-Estate
acquisition and development Holdings Company, Cal-Bay plans to continue the
acquisition of distressed and undervalued residential and commercial real estate
along with land acquisitions. The land and commercial properties being primarily
for use by its own subsidiary companies for the production of "Clean Energy &
Power Technologies and Energy Saving Solutions" creating a multi-level revenue
center for the company and its Investors. More Information will be available on
the company website currently operational and under ongoing development.
www.calbayinternational.net
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.
SOURCE: Cal-Bay
Copyright 2012 Marketwire, Inc., All rights reserved.
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Hope you made some money from .0002 or .0001. I'll keep updating. JediJazz
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