Composite Automobile Research Ltd., Announces Finalization of Master License Agreement for Nation of Mexico.EL CAJON, Calif.--(BUSINESS WIRE)--May 4, 1999-- Composite Automobile Research Ltd.,(OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CARHF) and its 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. , Woence in banking, hotel ownership and franchise operations. The Master License Agreement for Mexico is valuedconducted studies and consulted with local and Federal Mexican authorities to determine to projected size of hout the nation. The first factory designated for Ensenada, Baja California
Ensenada is the third-largest city in the Mexican state of Baja California. It is located 116 km (about 70 miles) south of Tijuana, at . , Mexico, will be finished for shipment by June 4, 1999. This basic factory will build thVista, Calif. (Battery Automated Transport Inc.). The settlement includes royalty payments to WTA as well as exclusion of BAT from worldwide markets. Additional information on the Web sites for both companies. As Henry Ford's (NYSE NYSE See: New York Stock Exchange :shed by selling and installing vehicle manufacturing facilities in the nation where the vehicles will be sold and serviced. Additional information: WTA Investor Relg statements may not occur. |
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