LAS VEGAS, NV - (Accesswire - September  9th 2013) - Cal-Bay International, Inc. (Pinksheets: CBYI) Today released the following Corporate Update & Shareholder Information Statement:

Corporate Structure: The capital structure of the Corporation has remained unchanged since June 2012, and still remains unchanged. The Company has no immediate plans for any type of Reverse Split of the common shares at this time.

Financial Information: The Company has completed the updated (unaudited) financials from 2011 to Current, and will be uploading the same to OTC Markets for Public disclosure this week. The changes reflect significant reduction in Company debt due to the disposition of the Real Estate Holdings and Mortgages. The primary assets are significantly increased due to Patent valuations held by the company. The company’s administrative objective for this week is to be in full compliance with OTC Markets requirements to have the Company be reflected at their "Current Information" status.

In addition to the planned OTCMarkets filings the company is interviewing several accounting firms with the goal of completing Audited Financials in the very near future.

Name Change: The company anticipates the completion of the name change this week, subject to no additional comments that may be requested.

Management & Corporate Location: Upon completion of the name change Management and Corporate Contact information changes are to be announced and regulatory information updated this month.

Alleged DTCC Chill:  Feedback from several investors is that the brokerage TD Ameritrade is implying the Company has a DTC "Chill" on the common stock.  The company nor the Transfer Agent has not been notified by DTCC of any such event, and the stock trades regularly on the open market without issue. To clarify the situation the company has now retained new corporate council to immediately contact DTCC to verify there are no underlying issues to warrant the "Chill" statement.

Website: Several improved changes to the website have been uploaded in the past 3 weeks and more changes are anticipated. Web Browsers cache may need to be refreshed on certain operating systems to view the updated website.

Investor Relations: A Change in the Company Investor relations firm will be announced after the name change.

 

About Cal-Bay International, Inc.

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.:

 

Contact:

Cal-Bay International, Inc.: Email: Ceo@calbayinternational.net                                                                                                              

Website: http://www.cambertire.com/

 

Source: Cal-Bay International, Inc.

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