TUSTIN, Calif., Sept. 23, 2003 (PRIMEZONE) -- Cal-Bay International, Inc. (OTCBB:CBYI) has recently formed a new subsidiary to expand the company's product lines. The newly formed company, Cal-Bay Analytical, Inc., will focus on the laboratory, testing and quality control markets.
Cal-Bay Analytical, Inc., a Nevada corporation with its headquarters in Tustin, California, will operate as a manufacturer's sales representative and distributor of analytical instrumentation and associated products and services to the laboratory markets, primarily in the Western U.S.
Cal-Bay International, Inc. is a publicly traded company currently trading on the OTC Bulletin Board (OTCBB:CBYI). Cal-Bay international has one other operating company, Cal-Bay Controls, Inc., which is also a sales representative company for environmental and process-control products and services.
According to Bob Thompson, President of Cal-Bay International, "The formation of Cal-Bay Analytical allows us to diversify our product sales efforts into the laboratory market, which we had identified in our business plan as a strong growth market for the products that we currently sell, and those that we are planning to develop in the future. The formation of this new company is another positive step forward as we continue to implement our business growth strategy."
For additional information refer to the company Internet website at www.calbayinternational.com
This press release contains forward-looking statements. The words "estimate", "possible" and "seeking" and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. 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.