TUSTIN, Calif., Oct. 24, 2003 (PRIMEZONE) -- Cal-Bay International, Inc. (OTCBB:CBYI), is pleased to announce it has retained Equitilink, LLC to act as lead consultant for Cal-Bay's financial communications and investor awareness program. A San Diego based agency, Equitilink provides a variety of custom services for public companies seeking results-oriented investor awareness programs.
Bob Thompson, President and CEO of Cal-Bay International, said, "Our goal is to communicate important events in a timely manner to our existing shareholders, as well as potential investors in the company. For example, Cal-Bay has recently diversified its core business area by forming a new subsidiary company, Cal-Bay Analytical, Inc. Also, we are currently in preliminary discussions with several companies regarding potential future acquisitions. As the lead for our investor awareness campaign, Equitilink will work alongside our primary Investor Relations firm, First Capital Investors, Inc. to accelerate our communications regarding current business news, as well as our growth strategies and the future direction of Cal-Bay. This joint effort provides Cal-Bay a gifted support team and a program that we expect will achieve our investor communication goals and one that will bring quality and consistency to our company's overall investor relations platform."
"Equitilink's team is excited to represent Cal-Bay. Preliminary work has been done and we are confident, not only in our abilities to perform, but Cal-Bay's to grow and mature. This is a 'win-win' for both our companies. Economic conditions have been improving, investor confidence is rising, and our clients are having more frequent acquisition talks," said James J. Mahoney, Managing Director of Equitilink. "We are prepared to help the Cal-Bay communicate its story to the investment community and thus help the Company achieve greater shareholder value." Mahoney added.
About Cal-Bay International, Inc.
Cal-Bay International, Inc. is a publicly traded company currently trading over the counter on the Bulletin Board (OTCBB:CBYI). For additional information, refer to the company Internet website at www.calbayinternational.com
About Equitilink, LLC
Equitilink assists public companies in improving their shareholder relations through professional, cost-effective public/investor relation's strategies and specializes in working with small-cap and micro-cap companies. Equitilink helps its clients achieve fair market value by expanding public awareness and enhancing corporate image. Additional information is available on the web at www.equitilinkpr.com.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "expect," "future," "may," "will," "should," "plan," "projected," "intend," "estimate", "possible" and "seeking" and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. These statements are based on the Company's beliefs and the assumptions it made using information currently available to it. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks. Undue reliance should not be placed on any forward-looking statements, which apply only as of the date of this press release. Accordingly, reference should be made to the Company's periodic filings with the Securities and Exchange Commission.