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Cala Plans Offshore Miami Resort

LAS VEGAS, Nevada -- (PRESS RELEASE) -- Cala Corporation, trading under the ticker symbol CCAA, has completed its plans to build a $400 million destination casino three miles off the Miami coast. The UnderSea Resort will feature 600 luxurious suites, a 50,000 square foot casino, a 50,000 square foot world-class spa, 6 food and beverage outlets, an on-site golf driving range, approximately 100,000 square feet of meeting space, an on-site 2 helicopter service and approximately 50,000 square feet of undersea aquarium observatory space. For more information, visit www.UnderSeaResort.com.

Florida has been an established offshore gaming market for over 40 years, generating in excess of $10 billion in gaming revenues since 1965. The company plans to become both the largest offshore casino operator as well as the largest offshore timeshare developer.

On a different matter, the company is waiting for the S.E.C.'s response regarding the proxy filing with EDGAR.

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