Composite Automobile Research Ltd. Appointment of Director.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)--June 8, 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 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 (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) ) Thursday announced the appointment of David Yue to its board of directors. David Yue is an international businessman who was born and educated in Hong Kong, China. Yue brings to WTA a wealth of successful business experience in both the private and public sectors. His experience includes the successful start-up and financing of several private companies that went on to become public and now trade on either the Toronto or Nasdaq stock exchanges. Included in Yue's resume is a directorship with British Columbia Hydro International Ltd., the 100% owned subsidiary of BC Hydro Ltd., which is one of the largest power generating companies in Canada. This wholly owned subsidiary is the vehicle in which BC Hydro develops and finances its international operations. Through this directorship, Yue advised and helped guide the company with particular emphasis on the Chinese and Asian marketplace regarding power generation. Yue has additionally advised the Nanhai Transportation Bureau in China regarding the building and operation of toll roads in southern China. Currently Yue is a director of Huading Financial Network Inc., a public company with extensive Chinese and Asian financial market dealings. Yue recently accompanied senior WTA company executives on a due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. visit to China. Company Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Lyle Wardrop was quoted as saying, "We are very pleased with David Yue's decision to join our board of directors. His contacts and vast business experience in China and Asia will be of immense value to our company and shareholders. We would like to take this opportunity to publicly thank him for the guidance and direction he has recently shown to us in establishing a presence in the Chinese and Asian market place. We look forward to him continuing to do so in his now expanded role as company director." 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. Refer to the WTA Web site www.WTAWorldstar.com and other sources for more detailed information. |
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