CCAA Cala Corp. featured news, full reports, and detailed charts
Cala Corp. (CCAA/CCAA.PK) Wrap Up:
Cala Corporation, a development stage company, develops an undersea resort and casino. It also plans to develop an undersea residence and a residence fractional ownership. The company, formerly known as Magnolia Foods, Inc., was founded in 1985 and is headquartered in Titusville, Florida.www.undersearesort.com
Founded in 1985
Cala Corp. (CCAA:OTC)
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Market Cap
300.9K
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Total Revenue
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EBITDA
609.6K
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DILUTED EPS TTM
0.00
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P/E
--
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P/S
--
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Return On Asset
-29.35
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Return On Equity
-116.76
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CCAA Top Compensated Officers
Mr. Joseph Cala
Founder, Chairman, Chief Executive Officer, P...
Age: 48
Total Annual Compensation: $300.0K
Executives, Board Directors
Compensation as of Fiscal Year 2007.
Key developments for Cala Corp. (CCAA)
Cala Corp. Creates New Hospitality Management Division
11/20/2008
Cala Corp. reported that the company has created a new hospitality management division. The new division will operate under the name of San Cataldo Inc. and its mission is to sign hospitality management contracts with independent owners. The hospitality division will receive up to 5% from the gross sales of signed hospitality entities.
Cala Corp. Auditor Raises 'Going Concern' Doubt
06/27/2008
Cala Corp. filed its 10KSB on June 27, 2008 for the period ending December 31, 2007. In this report its auditor, De Joya Griffith & Company, LLC, gave an unqualified opinion expressing doubt that the company can continue as a going concern.
Cala Corp. Announces Undersea Resort Signs Contract with Odys Shipyard
04/29/2008
Cala Corp. announced that it will expand its Undersea Resort in response to enhanced global market demands. The Undersea Resort has signed a long-term contract with the prestigious Odys Shipyards for the construction of the first three Undersea Resort ships. Payment pursuant to the contract will be in either Polish or Euro currency. The contract amount for the total of three ships will be approximately $1 billion.
CCAA Competitors
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Industry Analysis
| Valuation | CCAA | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 0.5x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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CCAA transactions
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More Recent News About Cala Corp.
More news for CCAA
CALA CORP Financials
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CALA CORP Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. The following discussion and analysis of the Company's financial condition and results of operations is based upon, and should be read in conjunction with, its unaudited financial statements and related notes included elsewhere in this Form 10-Q, which have been prepared in accordance with accounting principles generally accepted in the United States. Overview. The Company is in the planning and development stage of building the first UnderSea Resort & Casino, the first Undersea Residence, and the first Residence Fractional Ownership. The development will be the residence and the fractional ownership, and the project will be financed from pre-selling individual units. The Company estimates that the resort and casino will include a 50,000 square foot world class Spa by Pevonia and a 200,000 square foot convention center. The development should generate approximately $600 million of revenue from the sale of the units while the total development cost should be approximately $460 million. The Company is in discussions with leaders in the hospitality, gambling, spa and convention industry to explore the possibility of a partnership or contractual arrangement with the Company. The undersea resort ships have the ocean available without the limitations of land. In addition, several locations are going to be three miles offshore the Florida coast because it's considered international water and thus tax free. The Company also intends to take advantage of any reasonable business proposal presented which management believes will provide the Company and its stockholders with a viable business opportunity and fits within the objectives of the Company and its business development. The board of directors will make the final approval in determining whether to complete any acquisition, and unless required by applicable law, the articles of incorporation or bylaws or by contract, ...Click here to read the whole Article (external link)
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