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REPEAT/Cal-Bay International Opens Escrow for $1.5M Acquisition of 50 Room Hospital Property in British Columbia
Business Wire, July 27, 2005
SAN DIEGO -- Cal-Bay International, Inc (OTCBB:CBYI) today announced escrow has been opened for the purchase of a $1.5M former Hospital property in British Columbia, adjacent to the USA/Canadian Border.
The Board of Directors of San Diego based Cal-Bay International, Inc today announced the opening of escrow for the purchase of a former 50 room Hospital property in British Columbia, adjacent to the USA and Canadian Borders.
Cal-Bay President Roger Pawson commented "The property is in excellent condition and a valuable asset to the Cal-Bay Property Portfolio."
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Mr. Pawson further added that the Company is in negotiations with an experienced Senior Healthcare Group, that have expressed an interest in an operational partnership venture for the property to be converted to a Senior Healthcare Facility.
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.
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