Company Press Release: Cala Corporation
June 9, 2000
OKLAHOMA CITY, OK -- Joseph Cala, Chairman and CEO of Cala Corporation (OTC Bulletin Board: CCAA) yesterday announced
that the Board of Directors has approved a corporate buy-back of up to one million shares of Cala Corporation common
stock from the open market. The shares purchased by Cala Corporation will be placed in the corporate treasury.
The corporate buy-back of Cala Corporation stock will occur at management's discretion over the course of the next
calendar year.
About Cala Corporation. Cala Corporation is a developer of International hospitality businesses with a corporate
emphasis on the ownership, operation and management of hotels, resorts and casinos. Cala Corporation is currently
developing the Undersea Resort and Hotel project with proposed locations throughout the world.
The information in this news release includes certain forward-looking statements as defined in the ``Safe Harbor''
provision of the Private Securities Litigation Reform Act of 1995. These statements are based upon assumptions
that are subject to significant risks and uncertainties. Although the Company believes that the expectations reflected
in forward-looking statements are reasonable, it can give no assurance that the expectations of any of its forward-looking
statements will prove to be correct. This press release was prepared on behalf of the Board of Directors, which
accepts full responsibility for its contents.
For further information on Cala Corporation, please contact (405) 235-4960 or e-mail info@calacorporation.com.
SOURCE: Cala Corporation