LAS VEGAS, Nov. 29, 2012 (GLOBE NEWSWIRE) -- Cal-Bay International, Inc. (Pink Sheets:CBYI) today announced the following acquisition updates and product information for the Tire Manufacturing Company.
Cal-Bay President Larson Coleman announced today the definitive agreement between the two companies is expected to be completed in the next week allowing the company to reveal the name of the acquiring Tire Manufacturer along with the newly appointed Investor Relations contact. Thereafter the applications to "Finra" for the Name & Symbol change will be publicly announced.
Mr. Coleman additionally commented, "I am authorized to release the following information about the company's products and Tire Industry for general information purposes".
The company holds global paradigm, shifting new patented and patent pending tire technologies that are truly unique and as or even more substantial than when "Radial" tires obsoleted "Bias" ply tires. They hold extreme promise for greatly improved handling and ride quality while vastly increasing safety and allowing for improved fuel efficiency along with improved braking and emergency maneuvering capabilities.
This next generation of tires also lasts longer and utilizes standard wheels and tire building equipment for easy integration on existing vehicles, and on new vehicle production lines with only alignment changes needed to gain the full benefits.
Our "Next Generation" tires already exist and have passed D.O.T testing and are legal for sale and use now. The company has extremely aggressive plans to integrate in to ALL markets and is already in motion. All cars, light trucks plus trailers, ATVs and UTVs and equipment gain only benefits in all areas with no losses whatsoever in all areas of safety, efficiency and handling. Additionally when used on trailers the sway is reduced and stability on top heavy trailers is substantially improved.
All testing has been extremely positive, and also shows extreme promise in winter testing. There are many ways these tires promise to save lives....
The manufacturing of this next generation of tires is similar to that of existing tire technologies the main difference being the improvement in the patented design. This generation of tires has the same advanced functionality no matter if on a Ferrari or a truck....
The tire market industry in the US alone is well over $100 billion a year.
This product while now in demand worldwide is Made in the USA, designed in the USA and Manufactured in the USA by Americans.
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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.
CONTACT: Investor Relations: Cal-Bay International, Inc. IR@calbayinternational.netSource:Cal-Bay International