Cal-Bay International -- Round Table With the CEO

  Shaun Bailey, the CEO of Cal-Bay International, Inc. (PINKSHEETS: CBYI), has put together some answers to some of the most frequent questions that shareholders and potential investors have been asking lately.

Is Roger Pawson involved with Cal-Bay anymore?

"No. The former president of Cal-Bay, Roger Pawson, no longer has any position within the company. Since selling his position in Cal-Bay, he has not been given or sold any shares of stock. He has only retained a small percentage of preferred stock that cannot be converted to common stock without board approval. Roger has no relationship, either personal or professional, with current management."

Does the company have any revenues?

"Yes. In two press releases announced earlier this year, we explained that we had acquired revenue generating properties. Rental revenue for the condo we own in Provo, UT is $950 per month and for the real property owned in Las Vegas we receive $300 per month. We expect to receive $15,000 in revenue from these properties annually."

Did the company acquire additional property in the auction on May 10?

"No. The bidding was very aggressive and the final pricing of the properties offered was higher than our desired ROI would allow. We based our due diligence on the fact that we were required to hold these properties for two years, and, unfortunately, the final pricing did not make sense for our model."

Is the company currently selling free-trading stock for capital?

"No. We have received some capital in the form of bridge loans from our efforts at the investors' conference in Frisco, TX, but we have not received any money for selling stock in public or in private. We have been looking to do a private placement with restricted stock, however, and are currently working with a firm that will assist us in this effort."

Does Cal-Bay have any tangible plans for the future?

"Absolutely. In addition to the restaurant that we are looking to purchase in Arlington, TX, we have several other small businesses and real estate properties that we have looked at acquiring over the past few months. We will do our best to keep everyone apprised of the latest developments with each one of these deals. We're especially excited about the restaurant which should generate nearly $1 million this year in revenue. Based on what we have seen so far, we think we may be able to increase this amount to $1.5 million in 2011."

Cal-Bay expects to release financial statements that include revenue and stock positions for the company later this week for the fiscal first quarter of 2010.

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. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties. The Company assumes no obligation to update any of the forward-looking statements in this release.