LAS VEGAS, NV -- (Accesswire) October 14th 2013 Cal-Bay International, Inc. (CBYI) Today announced the company has retained the services of a Professional Accounting Controller, with the intent of preparing audited financials for both Cal-Bay and its upcoming wholly owned subsidiary companies, resulting in "Audited Consolidated Financial Statements". This will help accelerate the process for Cal-Bay’s SEC Form 10 filing to return to "Fully Reporting" status in the very near future.
As previously stated Cal-Bay will now take the role as a holding company, for the acquisition of operational companies as wholly owned subsidiaries.
The company has recently been interviewing Patent Attorneys for the filing of several new vehicular/automotive patents, and is expecting to retain an experienced Patent Law Firm this week, to ensure accurate filing of the new Patents.
The Company’s website is currently under re-development and is expected to be fully functional in October 2013.
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