CARH news, 4 for 1 split:
Thursday March 30, 9:52 am Eastern Time
Company Press Release
CARH Plans to Split Stock Forward 4 For
1!
EL CAJON, CALIFORNIA--
Shares Outstanding: 10,452,912
COMPOSITE AUTOMOBILE RESEARCH, LTD., (CARH: OTC BB) through its wholly owned subsidiary World
Transport Authority (WTA) announces a special shareholder meeting scheduled for June 1, 2000. This meeting will be
held at the corporate headquarters located at 635 Front Street, El Cajon, California. World Transport Authority has
negotiated numerous agreements for Master Licenses in various international locations. This forward movement for the
company raises several issues to be addressed at the June 1st meeting. The primary topic to be voted on for ratification
will be a Four-to-One Forward Split for the Company and its shareholders. Initiation of a Stock Option Program for
Directors and Employees will also be offered for ratification at this meeting. Additionally, the idea of a company name
change to World Transport Authority, Inc., in light of the Company being no longer in the research phase, will be
addressed at that time
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 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.WTAWorldstar.com and other sources for more detailed information. Investor Relations is at 619-387-8888.
Contact:
COMPOSITE AUTOMOBILE RESEARCH LTD.
(619) 444-7254
(619) 444-9026
or
RENMARK FINANCIAL COMMUNICATIONS
(514) 939-3989
(514) 939-3717
E-mail: info@renmarkfinancial.com
Web: renmarkfinancial.com |
