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Non-Tech : CIAI - Composite Industries of America, Inc.
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To: jmhollen who started this subject10/8/2001 1:28:34 PM
From: jmhollen   of 12
 
Composite Industries picks up M.J.B. Towers

Oct 04, 2001 (Inman News Features via COMTEX) -- Las Vegas-based Composite
Industries of America Inc., formerly World Homes Inc., (OTCBB: CIAI) announced
it has finalized a contract to acquire M.J.B. Towers Inc., which purchases
existing leases of telecommunication towers from property owners.

M.J.B. Towers plans to acquire 2250 leases over the next three years.

"Few companies offer immediate cash flow as well as residual revenue over a span
of 10 years with no bad debt, no brick-and-mortar, no R&D and no capital
equipment. In addition, the majority of the investment has the ability of being
secured," said CEO Merle Ferguson.

"This acquisition gives us access into the telecommunications industry," said
CFO William Morris. "(Our) three business units represent the foundation of the
restructuring plan for Composite Industries of America."

Composite Industries of America provides building techniques for affordable
fire-proof and earthquake-proof housing.
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