TUSTIN, Calif., March 22, 2004 (PRIMEZONE) -- Cal-Bay International, Inc. (OTCBB:CBYI) announced today it has received confirmation that the company has been successfully dual listed on the Berlin Bremen Stock Exchange. The firm responsible for this dual listing is Berliner Freiverkehr (Aktien) AG, one of the largest brokerage firms in Germany. Berliner Freiverkehr (Aktien) AG acts as a market maker for the Unofficial Regulated Markets in Berlin and Frankfurt.
The symbol for Cal-Bay International on the Berlin Bremen Stock Exchange is CB3. The German Cusip Number is US12802P1093. The currency that is used for the Berlin Bremen Stock Exchange quotes for equities is based in Euros.
A few of the benefits for Cal-Bay International in regards to its stock trading on the Berlin Bremen Stock Exchange include:
1. German investors can purchase stock in a domestic currency.
2. Transactions costs may be reduced to European investors by
trading in Euros.
3. Berliner Freiverkehr (Aktien) AG will provide potential
shareholder with information about Cal-Bay International,
Inc. to interested parties.
4. Additional exposure to a much larger investor base.
According to Bob Thompson, President of Cal-Bay International, "As our shareholder base continues to grow and includes investors from all over the world, this dual listing is important in several aspects. European investors can now purchase Cal-Bay stock on the Berlin Bremen Stock Exchange in their local currency. Not only does this dual-listing make the transaction easier for an extremely large European investor base, but it also reduces the costs by eliminating currency exchange and other associated fees."
Cal-Bay International, Inc. is a publicly traded company currently trading on the Over the Counter Bulletin Board (OTCBB:CBYI).
For additional information refer to the company Internet website at www.calbayinternational.com
Investor Relations: First Capital Investors, Inc.
Dante Panella
407-656-9600 x 5
IR@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.