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To: Bucky Katt who wrote (26495)	10/5/2005 11:04:01 AM
From: Skywatcher	Respond to of 48462

going up...only speculation, but feel they have orders they don't want to announce until this is all cleared up Composite Technology Announces Proposed Settlement of Three Claims and Rescheduled Plan Confirmation Hearing Wednesday October 5, 8:00 am ET IRVINE, Calif., Oct. 5 /PRNewswire-FirstCall/ -- Composite Technology Corporation (CTC or Company) (OTC Bulletin Board: CPTCQ - News), a leading developer of high-performance composite core cables for electric transmission and distribution lines, announced today that the hearing to consider confirmation of the Company's plan of reorganization to be heard before Judge John E. Ryan, U.S. Bankruptcy Court, has been rescheduled to be heard at 10:00 am (PDT) October 17, 2005. ADVERTISEMENT The Company is pleased to announce that it has signed an agreement with the City of Kingman, Kansas which if approved by the Bankruptcy Court and fully performed by both parties, will significantly reduce claims against the Company's bankruptcy estate, will facilitate the Company's emergence from bankruptcy, and will provide the Company with a valuable new customer for its goods and services. The agreement contains provision for Kingman's purchase of 70 linear miles of the Company's ACCC conductor and related hardware. The Company is pleased to announce that it has signed an agreement with John Nunley, which if approved by the Bankruptcy Court will significantly reduce claims against the Company's bankruptcy estate and facilitate the Company's emergence from bankruptcy. The Company is pleased to announce that it has filed with the Bankruptcy Court its proposed order approving the settlement of litigation between the Company and Ascendiant Capital Group, Inc., Mark Bergendahl, and Bradley Wilhite (collectively "Ascendiant"). The Company believes the settlement is in the best interest of the bankruptcy estate and is pleased that no objection was filed in connection with the settlement. As part of this settlement, Ascendiant's ballots voting to reject the Company's reorganization plan will be replaced with votes accepting the plan.