CARH Splits, Changes Name and Symbol to WTAI.Business Editors/Automotive Writers EL CAJON, Calif.--(BUSINESS WIRE)--Aug. 30, 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 ) (Frankfurt:POH interj. 1. An exclamation expressing contempt or disgust; bah ! ), 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) is pleased to announce that pursuant to the company's Special Shareholders Meeting held on Thursday June 1, 2000 the following: 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 the 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. 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. The new shares of World Transport Authority Inc. will begin trading on a post split basis under the new stock trading symbol "WTAI WTAI Wireless Telephony Applications Interface WTAI Wireless Telephony Application Interface " beginning Friday Sept. 1, 2000. 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 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 is at 619/387-8888. |
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