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WORLD HOMES INC SIC: 1531 IRS Number: 870434297 State Of Incorporation: NV Fiscal Year End: 1231
Business Address: 4505 W Hacienda Ave Unit I 1 Las Vegas NV 89118 Phone: 702-579-4800
Mail Address: 3098 S Highland Dr Ste. 460 Salt Lake City UT 84106
Former Company: Former Conformed Name: Affordable Homes Of America Inc. DATE CHANGED: 1999-05/18
CEO/Chairman/President Merle Ferguson affordahome.com
Executive Vice-President of Finance William Morris (former CFO of Sony) bloomberg.com
Secretary/Treasurer and Director: Susan Donohue
Investor Relations: Rich Kaiser of Yes International, Inc., 1-800-631-8127, for World Homes, Inc. yesinternational.com
Company Website: theworldhome.com
Z MIX photos: iossbs.org
ABOUT WHME: World Homes provides revolutionary building techniques for the construction of affordable fireproof and earthquake proof housing using the proprietary material Z MIX. Z MIX, a cementitious product, combines bentonite, diatomaceous earth and shredded tires to create a lightweight building material that significantly reduces the time and cost of constructing a house. The Company currently holds patents on Z MIX.
Z Mix and Associated Patents 5,852,077 Methods for forming and using Z Mix 12/22/98 5,782,970 Z Mix 7/21/98 Inventor: Joseph M. Zawada Remaining Life of Patents: 16 years +/- uspto.gov
WHME Transfer Agent National Stock Transfer Inc. 1512 South 1100 East Salt Lake City, UT 84105 1-801-485-7978 email: nst1999@hotmail.com
AS OF: 8:23 A.M. 6-11-2001
Shares O/S-----------22,270,896 Restricted Shares--11,564,270 Float--------------------10,706,626 Authorized Shares--100,000,000 Inside Ownership 49% +/-
Some discussion regarding the "float": ragingbull.lycos.com
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The Saudi billionaire ADNAN KHSHAHOGGI is involved with WHME! Here is some proof of that, make your own determination as to what extent this could affect the PP$
WHME SEC filing w/ADNAN KHSHAHOGGI's signature secinfo.com
For those who wish to dig a little deeper, read this post and click on the authors "screen name" ragingbull.lycos.com
Here is an "old" press release talking about A.K. investdb.theglobeandmail.com.
__________________________________________________________ A wealth of information regarding the recent probe by the SEC into WHME
ragingbull.lycos.com __________________________________________________________
WHME News and P.R.’s: investdb.theglobeandmail.com.
WHME SEC Filings: freeedgar.com. WHME Last Ten Trades: beta.cnbc.com
WHME Insider Trades: biz.yahoo.com
WHME MM ranking by % of volume: otcbb.com.
Sites/Message Boards that feature WHME:
finance.yahoo.com
dimgroup.com
msgboards.cnbc.com
cbs.marketwatch.com
Subject 37098
ragingbull.lycos.com
Item 1. LEGAL PROCEEDINGS
World Homes has begun legal proceedings against several defendants in regards to their alleged fraudulent representations concerning funding for the Company and contracts with World Homes, both of which it now believes were non- existent. In separate actions, the Company has sued Euro Federal Bank NV, Gunter Helmut, The American Home Assurance Company, Michael Yang, Phoenix International Financial Services, North Atlantic Financial Services, Christian Zamora and William Fielding & Associates for their misconduct as regards to the Company's efforts to obtain $15,000,000 of debt financing in 1999 and 2000; and for their actions concerning contracts to purchase $27,000,000 of the Company's product in 2000, the Company has sued Construction Associates LLC, Devon Crenshaw, The American Home Assurance Company, Liberty Re-Insurance Corp., Michael Yang and Hans Klemmer. The Company has alleged, among other things, the following causes of action against each named group of defendants: Fraud, Civil Conspiracy, Unjust Enrichment, and Racketeering. The Company also learned that it had been named in a legal action filed by an individual against an officer of the Company. In that the lawsuit was initiated and the actions alleged occurred before the Company was formed, and in that the Company was not provided the opportunity to respond to any of the allegations, it feels the actions have no merit and that there will be no adverse effect on the Company. In addition, the Company has taken steps to protect its interests by opposing said action, and by filing a lawsuit against the individual and her attorneys alleging, among other things, Fraud, Civil Conspiracy and Abuse of Process.
The Company has also begun proceedings against Capital General Corporation, Krista Nielson and Sasha Belliston, alleging improper issuance of the Company's common stock at the time the Company merged with Kowto
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