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Non-Tech : World Transport Authority, Inc. (WTAI)

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To: jmhollen who wrote ()	6/8/2000 11:25:00 AM
From: dkgross	of 294

EL CAJON, Calif.--(BUSINESS WIRE)--June 8, 2000--Composite Automobile Research Ltd. (OTCBB:CARH)(POH: Frankfurt), through its wholly owned subsidiary World Transport Authority (WTA) 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 visit to China. Company Chairman and CEO 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. --30--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 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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