Cal-Bay Statement Re: OTC Markets Status

Las Vegas, NV / Accesswire / December 2nd  2013 / Cal-Bay International, Inc. (Pinksheets: CBYI) Today released the following clarification statement regarding the downgrade to “Caveat Emptor” status by OTC Markets.

OTC Markets recently downgraded Cal-Bay from Limited Information to Caveat Emptor on their reporting system based on an unsubstantiated  report from an Investors Hub message board person that Cal-Bay International had filed and was in fact in Bankruptcy. Without any verification from the company or the Federal Bankruptcy courts OTC Markets immediately downgraded Cal-Bay to Caveat Emptor and promptly removed the company from its quote system. Cal-Bay immediately notified OTC Markets, the company had not nor ever has filed for Bankruptcy and has no intent to file Bankruptcy. OTC Markets has been put on official notice by the company of the devasting effects to the company’s investors and their stock holdings and the irreprebable harm caused to the company by their action.

OTC Markets written response to Cal-Bay sights justification for the action by relying on a personal Bankruptcy filed by a former company President, which is a  non-associated  issue with Cal-Bay as a Company.

The Company has filed a declaration to OTC Markets regarding the alleged Bankruptcy issue demanding a retraction for the unsubstantiated action. In the event of no retraction and restoration of status to Limited Information, Cal-Bay will have no choice other than to file suit against OTC Markets for the damage caused by their unwarranted action.

Further civil action will be taken against Investors Hub and the posters with documented prior knowledge of the OTC Markets event for fraud, stock manipulation.  Initial investigations identified the  “Message Board Poster(s) with “IP” addresses in the Long Beach CA area, who have since been identified by name.  The information has now been passed along to the regulatory authorities. The investigations are continuing.

 

Safe Harbor Statement: Safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as CBYI or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

 

Cal-Bay International, Inc.:

http://www.calbayinternational.net/

Contact: Investor Relations: Tel: [phone]

 

Source: Cal-Bay International, Inc.