Business Services Industry
Cal-Bay International, Announces Plan to Offer Winter Vacation Packages on Its Utah Lakefront Resort
Business Wire, August 30, 2005
SAN DIEGO -- Cal-Bay International, Inc. (OTCBB:CBYI) Announced Plans to offer Winter Vacation Packages from its Aspen Cove, Utah Resort.
The Board of Directors of San Diego based Cal-Bay International, Inc today announced the intention to operate the resort on a year round basis, whereas the resort has currently been open during the summer months for fishing, hiking and bicycling vacations.
Aspen Cove is less than 20 minutes away from the popular Brian head Ski resort and offers other winter sporting activities including Snowmobiling and Ice fishing.
Cal-Bay already has acquired vehicles to accommodate transportation to the Ski resort and is currently in negotiations for contracting snowmobiles to operate from the resort.
Cal-Bay's President commented "this additional revenue will add to the profitability of the company, and further add to the facilities offered to the luxury vacation homes the company plans to start building later this year at the resort".
Cal-Bay's President further commented "the company is avidly following the business plan which currently targets a diversified acquisition plan for West Coast properties for development and long term rentals, which ultimately adds profits, income and equity to the company's bottom line".
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.
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