Cal-Bay Moving Forward With Alternative Fuel & Clean Energy Production Plan
(firmenpresse) - LAS VEGAS, NV -- (Marketwire) -- 01/05/12 -- Cal-Bay International, Inc. (PINKSHEETS: CBYI) today announced the company has finalized the process of revising the company's real estate and land lease acquisition business plan along with the future direction for the production of "Alternative Fuels & Clean Energy" from subsidiary companies.
The company is moving forward with the previously planned acquisition of an established Land Development company. Cal-Bay is in the process of finalizing the acquisition for the purpose of acquiring land needed for the planting and growth of "Renewable Forests." The trees are a hollow "Hybrid" fireproof cellulose tree which grows at an accelerated rate in almost any climate with minimal maintenance. The trees are able to be harvested after 2 years and used as biomass for the production of a "Syngas" which can easily be converted into "Clean Power" (Electricity) and sold directly to the Power Companies through the "National Grid" system, alternatively the gas can also be converted to a form of "Aviation Fuel or Bio-Diesel Fuel." The trees immediately start their rapid re-growth after being harvested and the cycle continues indefinitely. The trees absorb massive intakes of Carbon Dioxide from the air to assist with the rapid growth which benefits Cal-Bay by way of the many "State & Federal" credits and grants available for the reduction of Carbon Dioxide and additional "Token" credits and grants for the production of clean energy and power. Cal-Bay has negotiated a long term North American exclusive contract for the "Renewable Forest" tree from the overseas founder. The company has provision for "Franchise Contracts" within the agreement allowing rapid expansion and planting of the "Forests" providing an accelerated revenue stream to Cal-Bay, and increased production of feedstock for the production of Clean Energy & Power. The company will be creating Clean Energy and Power from alternative feedstocks during the initial growth period.
The company will be announcing the formation of several new wholly owned subsidiary companies which will be producing other alternative fuels such as "Natural Gas" from waste Liquids and Landfill waste products, along with "Solar" Energy products.
Company President Kevin Denniston stated new additions to the Board of Directors will be announced this month.
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Formerly a Residential & Commercial Real-Estate acquisition and development company, Cal-Bay now plans to continue the acquisition of commercial real estate and land acquisitions, primarily for use by its own subsidiary companies for the production of "Clean Energy & Power" creating a multi-level revenue center for the company and its Investors. More Information will be available on the company website currently under construction, scheduled to be launched in the very near future.
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.
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Datum: 05.01.2012 - 08:00 Uhr
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News-ID 1070268
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