CARH Opens WorldStar Production in the Far East.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.--(AutomotiveWire)--April 25, 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 ) through it's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. ; 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 that it has entered into a unique purchase agreement for the Master License in the country of Pakistan. The purchaser of the Master License is Automotive Technology Noun 1. automotive technology - the activity of designing and constructing automobiles automotive engineering engineering, technology - the practical application of science to commerce or industry Opportunities Inc., (ATO ATO Australian Taxation Office ATO Ambito Territoriale Ottimale (Italy) ATO Alpha Tau Omega ATO Air Traffic Organization (FAA) ATO Arab Towns Organization ATO Air Tasking Order ATO Assemble To Order ), a Nevada corporation A Nevada Corporation is a corporation chartered under the laws of the U.S. state of Nevada. Nevada, like the state of Delaware (See Delaware corporation), is well known as a corporate haven. headquartered in Springfield, Ill. The consideration for the purchase of the Master License is expected to net WTA US$10,000,000 in license fees over the life of the agreement. Unlike previously announced license sales, due to the size of the country (Pakistan) and its immense population WTA has determined that the most viable and profitable deal is to do it on a factory-by-factory basis. This equates to a revenue stream towards the purchase or the Master License in the amount of US$112,500 per factory sold for US$372,500. WTA has concluded that Pakistan can sustain the building of approx. 90 factories, by way of population. In simple terms, instead of the Master License holder receiving the US$112,500 as in a regular license sale, they will be paying WTA installments interest free for the purchase of the Master License, over the life of the agreement. Automotive Technology Opportunities Inc. plans to order and pay for their first factory no later than May 31, 2000. Once funds are received for the first factory, WTA has agreed to begin training both management and the necessary labor force that will be needed to implement ATO's business plan. It is further anticipated that as each factory is brought on-line in Pakistan that it will be retrofitted to become a 3 car per day facility versus the standard 1 car per day factory. This will obviously accelerate the payment of the fee for the Master License, as well as increase cash flow to WTA by way of royalties (3 cars per day versus 1 car per day per factory). It is anticipated that the first factory will be located in the city of Lahore, one of the most densely populated regions of the country. Geographically, Pakistan can be divided into three regions: the lowlands along the Indus in the south and east, the arid plateau of Baluchistan in the southwest, and the mountains of the north. The provinces of Punjab and Sindh, in the east and south, are well irrigated by the Indus and its tributaries. The land is fertile and produces most of Pakistan's food. Pakistan is 803,936 sq. km. in size, has a population of 129,275,660 based upon 1999 statistical data, as well it is rich in natural resources such as natural gas, petroleum and iron ore. WTA chairman Lyle Wardrop commented that, "Pakistan has long been a central piece of the puzzle needed for WTA to fully realize the potential of the WorldStar(R) vehicle and expects this license to be a spring board for the success of WTA and its shareholders." 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((R)) 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 Exchange Act of 1934, as amended. These forward-looking statements should not be used to make an investment decision. Please refer to the WTA Web site WWW WWW or W3: see World Wide Web. (World Wide Web) The common host name for a Web server. The "www-dot" prefix on Web addresses is widely used to provide a recognizable way of identifying a Web site. .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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