WTA Signs LOI for Indonesia

    EL CAJON, Calif.--Jan. 23, 2001--World Transport Authority Inc. (WTA)(OTCBB:WTAI)(Frankfurt:920943) announced today that it has signed a letter of intent with P.T. Ori Polytec Composites (PPC) for a Master License covering the Republic of Indonesia.
    The Letter of Intent was executed on Jan. 20, 2001, by Iman Basir, president of PPC, and Lyle A. Wardrop, president of WTA.
    Both parties anticipate that the due diligence process and construction of a business plan for the exploitation of the Indonesian market will be accomplished expeditiously. The parties must execute a Master License Agreement by March 20, 2001. The fee for the Master License will be based on the population of the territory as well as the current number of vehicles to be manufactured.
    Located just south of the Philippines, Indonesia consists of over 1,800,000 square miles of archipelago between the Indian and Pacific Oceans. The aggregate population of Indonesia is approximately 224 million people.
    P.T. Ori Polytec Composites is an Indonesian company, which manufactures filament wound, poltrusion-molded and fiberglass-molded products. The company has 30 years experience, much of it automotive, and currently employs approximately 475 employees.
    In the mid-1990s, World Transport Authority'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.

    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.