LevelStock.com: Cal-Bay International Announces Letter of Intent to Purchase Restaurant in Arlington, TX

Cal-Bay International, Inc. (PINKSHEETS: CBYI) today announces the signing of a "Letter of Intent" on May 2, 2010 to acquire the business operations of a restaurant located in Arlington, TX. The restaurant is strategically located less than two miles from the newly constructed multi-purpose Cowboy Stadium, Texas Rangers Ballpark, Six Flags Over Texas amusement park, and Arlington Convention Center. The terms of the LOI allow Cal-Bay to perform due diligence for 90 days to more thoroughly review financial statements and the health of the Arlington market. The restaurant has four years left on its current lease, and an option for an additional five years.

Under the terms of the LOI, Cal-Bay is restricted from announcing the name of the restaurant until ten days prior to closing due to Texas beverage licensing requirements. The terms also require that the original offer and counteroffer for the business remain confidential until the 90 day due diligence period is complete and a final agreement has been drafted.

Cal-Bay has been provided with the financials of the restaurant for 2006, 2007, 2008 and 2009 and these records report revenues of $902,684, $997,294, $738,664 and $691,370 respectively. Cal-Bay, consistent with its business model, sees in this restaurant a distressed property with substantial turn-around potential. The reduction of revenues for 2008 and 2009 were directly caused by the closure of major roads and highway access due to the construction of the new Cowboy Stadium. Since the partial reopening of these roads for the opening of the stadium itself, ownership has seen a major increase (approximately 30%) in customer traffic and revenues. By the time Cal-Bay completes their due diligence and closes on the acquisition of the restaurant, baseball season will be at its peak; pre-season football will have begun; summer travel to Six Flags/Hurricane Harbor will be in full swing; and local business should see a healthy boost.

Shaun Bailey, President of Cal-Bay, said, "There is just something exciting about this property. To be located so perfectly in the heart of Arlington, the leisure capital of Texas - and next to that gorgeous new Stadium - this restaurant has some astounding potential. Couple the location with the expertise of my management team in food and beverage operations and marketing, and we may have ourselves a Dallas Cowboy cash cow."

For additional news and information in the future regarding this transaction, the restaurant in Arlington, and other exciting ventures from Cal-Bay International please visit www.calbayinternational.com.

FORWARD-LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties. The Company assumes no obligation to update any of the forward-looking statements in this release.

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