CARH Confirms 4-For-1 Share Split.Business Editors & Automotive Writers EL CAJON El Cajon (ĕl kähōn`), city (1990 pop. 88,693), San Diego co., S Calif.; inc. 1912. Electronic equipment, aircraft parts, irrigation equipment, furniture, and men's suits are among its manufactures. , Calif.--(BUSINESS WIRE)--Aug. 24, 2000 Composite Automobile Research Ltd. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CARH CARH Council for Affordable and Rural Housing CARH Coalition for Affordable and Reliable Health Care CARH Community Assistance for the Retarded and Handicapped )(POH interj. 1. An exclamation expressing contempt or disgust; bah ! : Frankfurt), through its wholly-owned subsidiary World Transport Authority Inc. (WTA WTA Washington Trails Association WTA Women's Tennis Association WTA World Transhumanist Association WTA Willingness to Accept WTA Winner-Take-All WTA Winner Takes All WTA World Toilet Association (Singapore) ), is pleased to announce the following, pursuant to the company's Special Shareholders Meeting held on Thursday June 1, 2000. A resolution was passed unanimously to change the name of the company from that of Composite Automobile Research Ltd. to that of World Transport Authority Inc. Additionally a resolution was passed unanimously to approve a recordation date for a 4-for-1 forward split of the company's common shares, previously approved by the company's Board of Directors. The recordation for the split will be Aug. 31, 2000. WTA has executed all required administrative procedures to process these approved resolutions with the appropriate securities agencies. Therefore effective Sept. 1, 2000 the common shares of CARH will begin trading under the new name, World Transport Authority Inc. on a 4-new-for-1-old basis. For shareholders that are holding their shares personally, please contact the company's Stock Transfer Company listed below for instructions on how to exchange your presently held shares of CARH for the new shares of World Transport Authority Inc. on the post-split basis. This can be done anytime after and including Sept. 1, 2000. For shareholders holding their shares in a brokerage account Brokerage Account An arrangement between an investor and a licensed brokerage firm that allows the investor to deposit funds with the firm and place investment orders through the brokerage, which then carries out the transactions on the investor's behalf. , the new shares of World Transport Authority Inc. will automatically show up in your account on a post-split basis on Sept. 1, 2000. Pacific Corporate Trust Company 625 Howe Street, Suite 830 Vancouver, BC V6C 3B8 Canada 604/689-9853 Attn: Lisa Scotland Composite Automobile Research Ltd. and World Transport Authority Inc. serve the emerging world's transportation needs through in-country manufacturing facilities, utilizing local semi-skilled labor to produce the WorldStar line of utility vehicles. This press release contains forward-looking statements within the definition of Section 27A of the Securities Act of 1933, as amended and such section 21E of the Securities Act of 1934, amended. These forward-looking statements should not be used to make an investment decision. Please refer to the WTA Web site www.WTAWorldstar.com and other sources for more detailed information. Investor Relations Investor relations The process by which the corporation communicates with its investors. is at 619/387-8888. |
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