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Cal-Bay International Announces Closing on Property in Texas

^{Published on 2010-05-19 11:00:15 - Market Wire}
 

LAS VEGAS, NV--(Marketwire - May 19, 2010) - Cal-Bay International, Inc. (PINKSHEETS: [ CBYI ]) today announces the closing on a single-family property in McKinney, TX. The property has a market value estimated at $136,000 and the closing price for Cal-Bay on the property is $112,000. Located just north of Dallas, this property has been occupied by the same tenant for approximately 5 years and the current lease has an additional 5 years remaining. The lease is expected to be renewed after the change in ownership, and is expected to add consistent positive cash flow for the company.

In addition to the immediate discount on the property and the cash flow from the lease, Cal-Bay also anticipates that the property will increase in value over the next year by approximately 6-8%. If the property was sold within a year, the expected return is estimated to be between 25-30% ($28,000-$33,000). The estimated property value has already increased over 10% since the middle of 2009.

The property is located at 2300 Park Row, McKinney, TX and was built in 1998.

For additional news and information concerning this and other exciting ventures from Cal-Bay International please visit [ www.calbayinternational.com ].

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.