Composite Automobile Research Selects Wall Street Marketing Group Inc.

17 May 1999

Composite Automobile Research Selects Wall Street Marketing Group Inc.

    EL CAJON, Calif.--May 17, 1999--Composite Automobile Research (OTCBB:CARHF) is pleased to announce today that the company has selected Wall Street Marketing Group Inc. to handle their public relations and to help increase Composite Automobile Research's corporate awareness.
    Wall Street Marketing Group Inc. specializes in Investor Relations and Corporate Communications within the Brokerage and Financial Community. WSMG will assist with broker inquiries, questions from individual investors, and will disseminate important news and announcements for the company.
    "Hiring Wall Street Marketing Group Inc. will increase our exposure to brokers, analysts, institutional and retail investors, and the media. Additionally, inquiries from the brokerage and investment community will be answered promptly, accurately, and professionally, while freeing our own people to effectively manage the company and develop more new and exciting products for the emerging countries of the world," stated President Thomas Bowers.
    Composite Automobile Research Ltd. through its 100 percent wholly owned subsidiary, World Transport Authority, is the designer and creator of the WorldStar utility vehicle. Composite Automobile Research is the only company in the world that is addressing the developing nations' needs for an inexpensive utility vehicle, built and serviced within their own borders.
    Composite Automobile Research is currently targeting 189 developing nations with a goal for worldwide production of two percent of the current new vehicle market, which would equal 1,000,000 WorldStar vehicles per year. The company maintains a prototype manufacturing and training facility in El Cajon, Calif., which is dedicated to the continued success of the WorldStar vehicles.
    Wall Street Marketing Group's decision to represent Composite Automobile Research (CARHF) was based on numerous impressive statistics such as: only eight percent of the world's roads are paved, and only the WorldStar is designed for the other 92 percent; the total manufacturing cost per vehicle of less than $5,000 allows a formidable price advantage over its competition; and the WorldStar is made with fewer than 500 parts and incorporates the latest composite technology.
    Recently, Composite Automobile received approval for a "factory-to-build-factories" in the Republic of the Philippines. The company also announced the finalization of a master license agreement for the country of Mexico with revenue projections from vehicle production being in excess of $24,000,000.
    Shareholders can monitor the performance of Composite Automobile Research stock by visiting one of the online investment pages of America Online , Excite , Lycosor Yahoo .

    Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company's actual results in the future periods to differ materially from forecasted results.