NetComposites

Connecting you to the composites industry

Advertisement

Composite Automobile Research Ltd Sells License

  • Wednesday, 5th April 2000
  • 0 comments
  • Reading time: less than a minute

Composite Automobile Research, Ltd. through it’s wholly owned subsidiary, World Transport Authority (WTA) announced the sale of the Master License for the country of Costa Rica. The purchaser of the Master License is Greenvolt, Inc., a Delaware corporation. The consideration for the purchase of the Master License is US$800,000 that will be satisfied by the issuance of 7,000,000 common shares of Greenvolt, Inc. In addition to the purchase of the license for Costa Rica, WTA has granted to Greenvolt, for a period of 18 months, an option to expand the license for Costa Rica to include the countries of Nicaragua, Honduras, Guatemala, San Salvador as well as Belize. The terms of the option require Greenvolt Inc. to pay to WTA US$500,000 Cash should they wish to expand the territory beyond the boundaries of Costa Rica, to include all of the above-mentioned countries.


For more information visit:


Share this article


More News


Comments (0)

Sign in or create an account to join in the discussion.

Leave your comment

Advertisement

Upcoming Events

Advertisement

Advertisement

Advertisement

Follow us
Subscribe to our email newsletter

Subscribe to receive our weekly round-up of all the industry's latest news, jobs, events and more!

We'll always keep your personal details secure and will never share them with third parties for marketing purposes. You can unsubscribe at any time. For further details on how we may use your data, please visit our Privacy Policy.