Nasdaq Notifies Cobalis That It Will Remove 'V' From Its Stock Symbol -- an Update on Mandatory Share Certificate Exchange

Name	Symbol	Market	Type
Cabana Target Leading Sector Conservative ETF	AMEX:CLSC	AMEX	Exchange Traded Fund

	Price Change	% Change	Price	High Price	Low Price	Open Price	Traded	Last Trade
	0.00	0.00%	21.0027				0	01:00:00

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Nasdaq Notifies Cobalis That It Will Remove 'V' From Its Stock Symbol -- an Update on Mandatory Share Certificate Exchange IRVINE, Calif., Oct. 13 /PRNewswire-FirstCall/ -- Cobalis Corp. (OTC Bulletin Board: CLSCV), a pharmaceutical company specializing in the development of anti-allergy medications, announced today that it has successfully fulfilled all Nasdaq requirements relating to its mandatory stock certificate exchange and that Nasdaq will remove, effective October 13, the "V" from the Company's trading symbol, which will end the "when-issued" designation and trading with open-ended settlement. As set by Nasdaq, as of October 13, 2004, all trades will now settle on the trade date plus three days (T+3), under the stock symbol "CLSC." All trades made prior to October 13, 2004 will require immediate settlement no later than Monday, October 18, 2004. Otherwise, buy-in procedures may be initiated. Brokers: please refer to Nasdaq's October 12, 2004 UNIFORM PRACTICE ADVISORY UPC #107-2004. AS PREVIOUSLY ANNOUNCED, THE COMPANY REQUIRES THAT ALL STOCK CERTIFICATES INCLUDE THE NAME OF THE BENEFICIAL OWNER. As a result of this the Company expects that the settlement of all trades made after the new effective date will be through physical delivery of stock certificates rather than through DTC. AN UPDATE ON MANDATORY SHARE CERTIFICATE EXCHANGE The mandatory share exchange became effective on August 27, 2004 and the Company originally left 45 days, until October 12, 2004, to alert and allow sufficient time for shareholders, brokerages and clearing houses to exchange the Company's old stock certificates for new certificates bearing the new Company name, CUSIP number and names of the beneficial owners. As of October 12, 2004, nearly all of the shares are exchanged and only a certain number of shares remain with DTC. Since the Company understands that certain shareholders, brokerages and clearing houses were not able to submit the Company's old certificates for exchange due to good faith legitimate reasons, the Company decided to extend for two weeks the previously announced deadline from October 12 to October 26. The Company believes that this extension will allow all investors, brokerages and clearing houses with good faith legitimate reasons who failed to submit the old certificates for exchange before October 12 to comply in good faith with the Company's requirements within the two week extension period ending on October 26. The Company is aware that certain brokerage houses still have the Company's old certificates deposited with DTC and have not done anything so far to withdraw these certificates from DTC and submit them to the Company's transfer agent in exchange for new certificates bearing the new Company name, CUSIP number and names of the beneficial owners. The Company reminds shareholders, brokerages and clearing houses that after October 26, the Company's old stock certificates, with old company name and old CUSIP numbers, will be void, shall not entitle the certificate holder to any of the rights of a shareholder or the Company, and shall be non- transferable and non-tradable in any public or private market or exchange, and shall have no value except for the right to be exchanged for the Company's new stock certificates. Furthermore, the Company is determined to use its legal power given by applicable laws of the State of Nevada to enforce by action at law the surrender of any the Company's outstanding old certificates, or the Company's certificates that do not include the names of the beneficial owners, after this absolute cutoff date of October 26 against all persons and/or organizations acting in bad faith and against the interests of the Company and its shareholders. Stockholders who hold their old certificates in street name with a broker are advised to contact their broker and urge them to exchange the Company's old certificates, or the Company's certificates that do not include the names of the beneficial owners, for new certificates bearing the new Company name, CUSIP number and names of the beneficial owners. Furthermore, stockholders should immediately confirm with their broker that the broker is including their name on the list of beneficial owners being submitted to the Company's transfer agent. The Company urges stockholders to make all communication with their brokers in writing and keep a record of all communication. Written correspondence is the only proof of what is communicated between brokers and shareholders. The Company can only attempt to assist those who provide copies of written correspondence. Furthermore, the Company has received a number of complaints from shareholders regarding certain brokerage houses. While the Company cannot monitor or regulate trading, clearing or settling of trades, and cannot assist shareholders with trading issues, the Company will notify NASDAQ of these situations, from time to time. Stockholders may desire to contact their broker or the NASD for resolution. To find the NASD regional office closest to you, please refer to http://www.nasdadr.com/hearing_locs.asp . Shareholders wishing to inform the Company of any difficulties can do so by sending an e-mail to . "We thank our shareholders, the transfer agent, DTC, Nasdaq, and the brokerage community for their patience and support during the mandatory certificate exchange procedure," noted Chas Radovich, Cobalis' President and CEO. "We understand that this is a time-consuming task for all involved, but it is a necessary part of our effort to protect and enhance shareholder value and to ensure the security of all legitimate shareholders of the Company." For more information regarding the mandatory share exchange, please refer to the Company's Press Releases dated August 23 and August 27, 2004, and/or the Company's website http://www.cobalis.com/ . FORWARD LOOKING STATEMENTS This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events, including matters related to the Company's operations. Although the Company believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct, including assumptions related to the mandatory exchange, Nasdaq's announcements related to the "when-issued" status, the date in which the stock will return to T+3 trading, whether future settling and clearing of trades will occur electronically or solely through physical delivery, and any other matters related to trading of the Company's stock. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties. Web sites: http://www.cobalis.com http://www.nasdadr.com/hearing_locs.asp DATASOURCE: Cobalis Corp. CONTACT: Cobalis Corp., Investor Relations, +1-949-757-0001, Fax: +1-949-757-0979,

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CLSC Cabana Target Leading Sector Conservative ETF