The Board of Directors of Cal-Bay International, Inc. (OTCPK:CBYI) authorized a share repurchase program on March 28, 2012. Under the program, the company will repurchase up to 400,000,000 shares, representing 13.1% of its capital from current shareholders in a private transaction. The shares repurchased will be immediately retired. The plan was launched to rebuild and return the company to a long term profitable entity. Cal-Bay International, Inc completed its share repurchase program on March 28, 2012.