World Transport Authority Announces Resignation
EL CAJON, Calif., March 28, 2003 (PRIMEZONE) -- Lyle Wardrop, President of World Transport Authority, Inc. (WTAI) (OTCBB:WTAI) (Frankfurt:920943), announced today that Douglas Norman has resigned from the company effective immediately. Mr. Norman is a founder of WTAI, which developed the WorldStar utility vehicle and Micro-Manufacturing process. Mr. Norman played a vital role in the research and development conducted by the Company, and continued to provide International Sales services for the company.
"Mr. Norman, the founder of World Transport Authority, Inc., has resigned effective immediately to pursue issues that require his full attention at this time," commented Mr. Wardrop. "The company is still focusing on current opportunities that are in various stages of negotiation. We will proceed with a positive outlook and progress towards securing the interests of the company and its shareholders." Mr. Wardrop noted that the duties and responsibilities of International Sales will be taken over by Mr. John Tidy, a recently named Director. John has been with the company for almost three years as the Vice President of Operations.
It is the mission of WTAI to provide motorized multi-purpose utility vehicles that are durable, reliable and low cost for the benefit of developing countries using our unique WorldStar Micro-Manufacturing process. We are also committed to providing this benefit utilizing the most energy efficient and environmentally clean propulsion technology that is scientifically possible.
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 WTAI web site at: www.wtaiworldstar.com and other sources for more detailed information.
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CONTACT: World Transport Authority, Inc.
Lyle Wardrop
(619) 593-2440
(619) 593-2444 Fax
lyle@wtaiworldstar.com |
