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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (77310)	1/18/2001 10:34:07 AM
From: Bernard Ng	Respond to of 150070

Yep the spread is huge! but when I pull up the intraday chart... <ggg> Bernard

To: Jim Bishop who wrote (77310)	1/18/2001 10:37:49 AM
From: Jim Bishop	Respond to of 150070

WTAI loi news World Transport Signs LOI for Lebanon, Jordan, and Syria Business Editors & Automotive Writers EL CAJON, Calif.--(AutomotiveWire)--Jan. 18, 2001--World Transport Authority Inc. (WTA) (OTCBB:WTAI)(Frankfurt:920943) today announced that it has signed a letter of intent with Magellan One, LLC, for a Master License for production of the WorldStar utility vehicle in a territory which includes the nations of Lebanon, Jordan, and Syria. These countries are located in the Middle East, and contain a population of approximately 25 million people. The Letter of Intent provides 90 days for both parties to perform due diligence and construct a business plan for the exploitation of the Lebanese, Jordanian, and Syrian markets. The parties must come to an agreement on a Master License Agreement by April 21, 2001. The fee for the Master License will be approximately three million United States dollars (US$3,000,000), and is based on the population of the territory as well as the current number of vehicles being sold. In the mid-1990s, WTA's founders identified the need for an inexpensive, rugged utility vehicle for developing nations around the world. WTA has designed a vehicle capable of the same favorable economic impact on developing nations as the Ford Model T had for the United States and the Volkswagen Beetle had for Europe. WTA Investor Relations Manager Michael Keller urged investors to call World Transport Authority's office in El Cajon, Calif., for an update on the corporation and information on its business. 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 WTA Web site at www.wtaworldstar.com and other sources for more detailed information. Investor Relations for WTA can be reached at: 619/387-8888. --30--jb/sd* js/sd CONTACT: World Transport Authority Inc. Lyle A. Wardrop, 619/387-8888 Fax: 619/444-9026 or Renmark Financial Communications Henri Perron, 514/939-3989 Fax: 514/939-3717 info@renmarkfinancial.com www.renmarkfinancial.com KEYWORD: CALIFORNIA INDUSTRY KEYWORD: AUTOMOTIVE Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *