(live-PR.com) - www.undersearesort.com/ - The Cala Corp www.undersearesort.com, trading under the symbol of CCAA, announces that the company has been invited to participate in the Global Gaming Expo, to be held in Las Vegas on November 11. The company is confident that the $100 billion per year industry needs the UnderSea offshore ships because the potential for net profits will be much higher than any casino located in the States due to the lack of gaming regulations. The UnderSea Casino will attract millions of tourists and gamblers, both due to the superior entertainment environment it will offer, and the close contact with sea life, including great white sharks and whales. The UnderSea casino will also compete with SeaWorld and various major casino ships. The UnderSea Resort and Casino is versatile in its location; it can be situated either a few hundred feet from shore, or more than three miles offshore. Prime sites under consideration off the Florida coast include offshore of Miami, Palm Beach, Naples, Cape Canaveral, Jacksonville and Pensacola. The UnderSea ships will have powerful Rolls Royce engines which will enable the ships to move under their own power in the event of hurricane weather. It is very important to know that the company will act as a shipbuilder for the construction for the ships -- not as the owner or operator.

Approximately two months ago, the company received $300 million in tax-exempt bonds from the State of Alabama to be used only for the construction of a new shipyard in Mobile, Alabama. The company was successful in attracting a world-leading investment banker to underwrite the bonds, provided company completes the sale of the first ship. In addition, the buyer or operator of the ship must provide a letter of credit in the minimum amount of $300 million for a complete shell or the amount of $460 million for the turn-key. The company does not foresee any major obstacle in selling the ships because the costs are from $300 to $460 million which is much lower, as compared with any shipbuilders around the world. With the spectacular undersea view and grandeur, she will be distinguished from any other competitor.

Cala Corporation
Joseph Cala, 321-383-8077
cala@undersearesort.com
www.UnderseaResort.com