Cal-Bay International Expands Corporate Operations To Include Digital Asset Technologies

Rhea-AI Summary

Cal-Bay International (OTC PINK:CBYI) has announced an expansion of its corporate operations, establishing itself as a holding company focused on innovative Medical Technologies and Digital Assets. The company plans to set up a Philanthropic Foundation utilizing digital asset technologies to support various causes globally. Additionally, an advisory board will be created to identify organizations that promote welfare through these technologies. A new corporate website will be launched to reflect this strategic direction. CEO Luke Joseph confirmed that a prior custodianship lawsuit has been amicably settled.

Positive

• Expansion into new sectors including Medical Technologies and Digital Assets.
• Establishment of a Philanthropic Foundation to support global causes.
• Creation of an advisory board to enhance organizational support.
• Amicable settlement of previous custodianship lawsuit improves company standing.

Negative

• None.

HENDERSON, NV / ACCESSWIRE / September 7, 2021 / Cal-Bay International, Inc (OTC PINK:CBYI) today announced the company is expanding the new corporate operations as a holding company for innovative Medical Technologies, Digital Assets and creating a Philanthropic Foundation through digital asset technologies to support causes in the US and around the world. Additionally, the company plans to create an advisory board to identify organizations who desire to promote the welfare of others expressed especially by focusing on utilization of our digital asset technologies to support these causes.

Cal-Bay will be launching the new website this week integrating the new look and direction for the company.

Company CEO Luke Joseph stated, "In response to a number of recent shareholder inquiries the previous custodianship lawsuit from prior management was amicably settled between the parties and the suit is now fully satisfied and dismissed with the Nevada courts".

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 Cal-Bay, 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.

Cal-Bay International, Inc.
Contact: (877) 372-0716
Email: info@cbyintl.com
Website: www.cbyintl.com

SOURCE: Cal-Bay International, Inc.

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https://www.accesswire.com/663005/Cal-Bay-International-Expands-Corporate-Operations-To-Include-Digital-Asset-Technologies

FAQ

What is Cal-Bay International's new business focus as of September 2021?

Cal-Bay International is expanding into Medical Technologies and Digital Assets.

How is Cal-Bay International supporting philanthropic efforts?

The company is creating a Philanthropic Foundation using digital asset technologies.

What recent legal issues has Cal-Bay International resolved?

The company has settled a prior custodianship lawsuit, which is now dismissed.

When will Cal-Bay International launch its new website?

The new website is set to launch this week.

What is the stock symbol for Cal-Bay International?

The stock symbol for Cal-Bay International is CBYI.