Calcol completes the buyout of the 20% stake of china national food industry group corporation

BEIJING, CHINA AND CLEVELAND, OHIO USA, SUNDAY MAY 9,2004 6:26 pm EST /PINK SHEETS NEWS SERVICE/ -- CALCOL INC. (PINK SHEETS: CLCL) ANNOUNCED, THAT THROUGH THE ADDITIONAL PAYMENT OF US$1.1 MILLION (ONE MILLION ONE HUNDRED THOUSAND US DOLLARS) IT HAS COMPLETED THE SECOND AND FINAL PAYMENT--TOTAL US $2.1 MILLION (TWO MILLION ONE HUNDRED THOUSAND USD)--TO COMPLETE THE BUYOUT OF THE 20% (TWENTY PERCENT) STAKE OF CHINA NATIONAL FOOD INDUSTRY GROUP CORPORATION IN 80/20 JV SANHE MEILE SOFT DRINKS CO. LTD. BEIJING TO BECOME FIRST COLA SOFT DRINKS WOFE (WHOLLY OWNED FOREIGN ENTERPRISE) IN CHINA. FOR FURTHER INFORMATION: CONTACT: MR. XIAO JIAN GONG ASSISTANT VP SANHE MEILE SOFT DRINKS CO. LTD. CALCOL INC. OR MR. JI JUN VP CALCOL INC. PRESIDENT AND GM SANHE MEILE SOFT DRINKS CO. LTD. TEL(8610)6159-2415,FAX (8610) 6159-2166, WEBSITE: HTTP://WWW.MALIBU-COLA.COM.CN, OR NORMAN C. KAPLAN CHAIRMAN AND PRESIDENT CALCOL INC. CHAIRMAN SANHE MEILE SOFT DRINKS CO. LTD. 216-514-0849 WEBSITE HTTP://WWW.CALCOL.COM.