Composite Industries of America, Inc. Announces the Acquisition of GTSwiss
LAS VEGAS, Oct 30, 2001 /PRNewswire via COMTEX/ -- Composite Industries of
America, Inc. (formerly World Homes, Inc.) (OTC Bulletin Board: CIAI) announces
the Company has finalized the contract for the acquisition of GTSwiss. GTSwiss
is a manufacturer of precision engineered telecommunications and consumer home
electronics products.
Merle Ferguson, Chairman and Chief Executive Officer of Composite Industries of
America, stated, "GTSwiss falls within the guidelines of our restructuring plan
designed by Mr. William Morris, our Chief Financial Officer." Ferguson further
stated, "GTSwiss is now a wholly owned subsidiary that we will be reorganizing
and relocating outside the U.S. borders in order to take advantage of a tax-free
trade zone."
Composite Industries of America provides revolutionary building techniques for
the construction of affordable fireproof and earthquake proof housing using the
patented material Z MIX. The Corporation is engaged in the formation of
compatible synergistic companies, each designed to be horizontally and/or
vertically integrated with each other.
For more information on Composite Industries of America, Inc., please visit the
Web site theworldhome.com. For further information please contact
Rich Kaiser of Yes International, Inc., 1-800-631-8127, for Composite Industries
of America, Inc.
SOURCE Composite Industries of America, Inc.
CONTACT: Rich Kaiser of Yes International, Inc., +1-800-631-8127, for
Composite Industries of America, Inc.
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