Columbian Grand Opening.Business Editors/Automotive Writers EL CAJON, Calif.--(BUSINESS WIRE)--July 11, 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 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. is pleased to announce that company executives have recently returned from Bogota Columbia. The purpose for the trip was to attend WorldStar Paez's official launch of its WorldStar product line. On the evening of Thursday July 6, 2000, over 800 people from the Columbian media and financial community attended the unveiling by WorldStar Paez of two of its prototype versions of the WorldStar vehicle scheduled to begin full-scale production in the very near future. WorldStar Paez company officials are quoted as saying, "We are extremely happy with the reception that we received from both the media and the financial community here in Columbia for this well attended event. It is anticipated that many new business relationships will be started by way of this event and many existing relationships will be strengthened, now that we have demonstrated that the WorldStar vehicle can be successfully built." It is anticipated by 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) that as a direct result of the presentations put forth by WorldStar Paez and the strong positive reaction from the people in attendance, that business in the South American region should begin to show positive growth in the near future. World Transport Authority Inc. is expecting that once budgeting and financial plans are agreed to with local partners, that future production rates and expansion plans for both vehicle and factory production will be able to be publicly announced by the company. 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 labour 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 Investor relations The process by which the corporation communicates with its investors. is at 619/387-8888. |
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