NetComposites
Thermwood

CARH Splits and Changes Name

30 August 2000

Composite Automobile Research Ltd, through it's wholly owned subsidiary World Transport Authority Inc. is pleased to announce that a resolution was passed unanimously to change the name of the company from that of Composite Automobile Research Ltd. to that of World Transport Authority Inc. Additionally a resolution was passed unanimously to approve a recordation date for the 4 for 1 forward split of the company's common shares, previously approved by the company's Board of Directors. 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 line of utility vehicles.