CARH Opens Parts and Distribution
Company
EL CAJON, Calif.--(BUSINESS WIRE)--May 4, 2000--COMPOSITE
AUTOMOBILE RESEARCH LTD. (OTCBB:CARH) (POH:FRANKFURT) through it's
wholly owned subsidiary; World Transport Authority Inc., (WTA) is
pleased to announce that it has formed a wholly owned subsidiary named
WorldStar(R) Logistics Corp. (WLC).
The purpose for forming this new subsidiary is to manage the
global distribution and logistics process for WTA. WLC will manage the
entire logistical process relating to Master License Holders and the
deployment of WorldStar(R) factories and parts around the world. WLC
plans on utilizing state of the art Computing and Telecommunications
equipment in conjunction with this operation, thus eliminating the
need and cost for a large employ of personnel. World Transport
Authority Inc. fully expects that once up and running that WLC will
become an additional profit center for the company.
Kenneth Trapp and Michael Trigillo will staff the new company.
Trapp has served in a management capacity for companies such as
Computer Transport Intl., Mitsubishi Corporation and the Southland
Corporation. Trapp possesses a Bachelor of Science degree from the
University of Connecticut. Trapp will manage the overall operations of
WLC and report directly to WTA management.
Trigillo has in excess of 16 years in the transportation industry
with companies such as Computer Transport Intl., Valley Logistics as
well as Ryder and North American Van Lines. He received a Bachelor of
Science degree from Mt. St. Mary's College. Trigillo will concentrate
on the development of the company, negotiating agreements and the
implementation of Standard Operating Procedures for the company, etc.
Logistics is defined from WTA's perspective as managing the entire
supply chain. WLC will leverage technology, finance and add value to
WTA's customers. Logistics breaks down into the following components:
-- Carrier selection & negotiation
-- Order Fulfillment
-- Transportation/Distribution
-- Warehousing/Inventory Management
-- Logistics Information
Lyle Wardrop, chairman/chief executive officer of WTA stated, "WLC
will be positioned to efficiently handle the amazing surge in growth
that WTA is experiencing and will ensure a systematic approach to
getting factories and parts to Master License holders throughout the
world. By shifting these activities over to a subsidiary specializing
in the distribution and logistical aspects of our business, the parent
company WTA, fully expects profitability per factory and per parts
sold to increase substantially."
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(R) 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.
--30--jf/sd* js/sd
CONTACT: World Transport Authority Inc.
Lyle A. Wardrop, 619/444-7254, Fax 619/444-9026
Or
Renmark Financial Communications
514/939-3989, Fax 514/939-3717
info@renmarkfinancial.com
renmarkfinancial.com
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