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Cal-Bay International, Inc. (OTCBB: CBYI) has confirmed the company has signed an acquisition Letter of Intent with a US tire manufacturing company for the controlling Interest of Cal-Bay International, Inc.
Cal-Bay Spokesperson Larson Coleman today confirmed the execution of the agreements between the two companies.
Mr. Coleman further commented the Tire Manufacturer will be announcing name and symbol changes for Cal-Bay International, along with the appointment of the new Board of Directors and Corporate relocation upon notification from “Finra” of the approved requested corporate changes. No past or present Offices or Directors of Cal-Bay International, will be assigned to the newly appointed Board after the definitive agreement closing date.
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