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Non-Tech : World Transport Authority, Inc. (WTAI) -- Ignore unavailable to you. Want to Upgrade?

To: dkgross who wrote (5)	5/2/2000 2:38:00 PM
From: jmhollen	Read Replies (1) \| Respond to of 294

CARH Opens Office in Nation's Capitol EL CAJON, Calif., May 2, 2000 (BUSINESS WIRE) -- Composite Automobile Research Ltd. (OTCBB: CARH) (POH:Frankfurt), through its wholly owned subsidiary World Transport Authority (WTA), Tuesday announced it has opened an office in Washington, D.C. The office direct WTA worldwide sales and marketing, as well as monitor the company's operations. The new office is located in downtown Washington DC on 17th Street NW, about two blocks from the White House. WTA Senior Vice President Joseph W. Parker and WTA Sales Director Scott Wilkinson staff the office. When asked why the sales and marketing office was located in Washington, WTA Senior Vice President Joe Parker replied, "Washington D.C. is the center of mass for the WTA market. Every country in the world has an embassy here. Every Private Voluntary Organization (PVO), Non-Governmental Organization (NGO), and International Governmental Organization (IGO) is represented in Washington. Every international banking concern, international business, and non-profit trade organization is here. This combination exists nowhere else in the world. In short, we want to be where the customers are." WTA President Lyle Wardrop added, "The Washington office is off to a great start. They sold their first Master Licenses (for Senegal and Gambia in a separate news release) before they even opened, and they are in serious final negotiations for several more. We think this is a great move for the company." Besides its sales and marketing function, the new WTA Washington office will have demonstration vehicles, handle international financing referrals, conduct due diligence, manage development and donor coordination, and function as a corporate liaison office with IGO, NGO, PVO, and governmental agencies interested in purchasing WorldStar vehicles. Fleet sales from this last function will serve to add value to WTA Master License holders, enabling them to increase sales volume as they open their factories. The mailing address of the new WTA office is: World Transport Authority, 1050 17th Street N.W., Suite 600, Washington D.C. 20036, and the telephone number is 202/496-1286, and fax 202/466-3226 or 301/934-0979 (direct). 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 labor to produce the WorldStar(R) line of utility vehicles.