CARH Appoints Chief Technical Officer EL CAJON, Calif.--(BUSINESS WIRE)--May 18, 2000--Composite Automobile Research Ltd. (OTCBB:CARH)(POH:Frankfurt), through its wholly-owned subsidiary World Transport Authority Inc. (WTA) Thursday announced the appointment of K. Kent Woolley to the position of chief technical officer, effective May 15, 2000.
Woolley brings more than 42 years of automotive, automotive competition and commercial passenger related experience to WTA. Included in his experience are 35 years dedicated to the design of vehicles and vehicle systems design as well as prototype construction and testing. During the course of his career, Woolley has worked on a variety of product development and high performance component programs for companies including General Motors, Ford, Chrysler, Honda, Nissan, Cosworth and others.
Additionally, Woolley has been responsible for the successful design, development and manufacturing of several proprietary products that were highly successful in the marketplace. Most recently, prior to coming on board with WTA, Woolley spent five years as an award-winning instructor at Art Center College of Design, the world's leading automotive design college.
WTA Chairman and Chief Executive Officer Lyle Wardrop stated, "Kent is a qualified designer, mechanic, machinist and tool maker with practical hands-on experience with a wide range of tools and equipment including computer numerical control (CNC) machinery and mechanical computer aided engineering (MCAE) design. In addition to his vast practical experience, Kent's love of teaching and working with people will surely be a positive motivating addition to our company.
We could not be happier having Kent joining our team at this time of our company's rapid growth and fully expect him to have a significant positive impact on present and future operations."
Woolley's responsibilities at WTA will entail all engineering and design specifications relating to the WorldStar vehicle as it presently exists and to implement any and all improvements as required for specialized licensee requirements. Additionally and most importantly, it will be his responsibility for the training of all Master License Holders, Licensee's and related personnel, to insure that the highest quality and standards are maintained throughout the WTA organization.
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 at www.WTAWorldstar.com and other sources for more detailed information. Investor Relations is at 619/387-8888. --30--js/sd* sf/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 Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com (c) 1998 Business Wire
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