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Press Release: Cala
November 23, 2006
TITUSVILLE, FL -- Cala dba UnderSea Resort and Residences, trading under the symbol of (CCAA), announced yesterday
that Mr. Ray Francis, President of UnderSea Resort Design, has been elected to the Board of Directors of Cala Corporation
to replace Michael Chevalier. Having completed his undersea naval design to the strict maritime rules of Lloyd's
Register of Shipping, Mr. Francis will conduct his day to day operational responsibilities at the UnderSea Resort
headquarters in Titusville and will commence his role as a director and principal in the Company's oceanic construction
operations. In connection with the change in responsibilities, the Company and Mr. Francis have agreed to keep
the existing employment and related restricted stock agreements between them, effective November 1, 2006. Joseph
Cala', Chairman and founder of Cala dba UnderSea Resort, commented, "I am so grateful to Mr. Francis for his
creative sharp vision to help us be the leading oceanic leisure destination. We look forward to his continued advice
and guidance and to collaborating on further development of the Company's assets in the oceanic resort, residential,
spa, casino, convention, shopping center, fractional ownership and cruise lifestyle."
Cala has over 1,200 shareholders throughout the world and is traded on the National Market under the ticker symbol
CCAA and is fully compliant with the Sarbanes-Oxley Act. The UnderSea Resort will be a landmark destination casino
resort offshore where state and local Administrative Regions have no jurisdiction. The first resorts are planned
to open within two years offshore Miami and Malta. It will feature 600 deluxe junior suites, approximately 100
table games and 800 slot machines in approximately 60,000 square feet. Five restaurants, retail space, a spa, a
salon, entertainment lounges and meeting facilities in approximately 50,000 square feet. Additionally, the Company
will start the pre-sale for the first Ocean Mega Residences offshore NYC, Miami and San Francisco. The average
size area will be from 4,000 to 50,000 square feet and it will feature less than 100 Mega Residences with the finest
amenities including unlimited golf driving range, private yacht facilities and heliports.
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Contact: Cala dba UnderSea Resort Joseph Cala', 321-383-8077
Source: Cala