Composite Automobile Research, Ltd. Sells Another Master License

5 April 2000
Composite Automobile Research, Ltd. Sells Another Master License

    EL CAJON, Calif., April 4 Composite Automobile Research,
Ltd. (OTC Bulletin Board: CARH) through its wholly owned subsidiary, World
Transport Authority (WTA), is pleased to announce 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 U.S. $ 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 U.S. $500,000
cash should they wish to expand the territory beyond the boundaries of Costa
Rica to include all of the above-mentioned countries.
    Greenvolt, Inc. is presently in the process of going public.  As WTA will
hold a major share position in the capital stock of Greenvolt, Inc., WTA
stresses that it will do everything in its power to assist Greenvolt in
establishing itself in Costa Rica in an expedited manner.  Both companies look
forward to working together with each other to establish a long and profitable
relationship.  A letter of intent was signed in regards to this transaction on
March 14, 2000, and a formal agreement has now been entered into and signed by
both WTA and Greenvolt, Inc.
    Further to the company's news release of March 30, 2000, CARH wishes to
reiterate that a Special Shareholder Meeting will be held on June 1, 2000.
As well as additional business matters to be presented for shareholder
approval at this meeting, the primary item on the agenda will be the
resolution to split the share capital of the company on a 4 for 1 basis
(4 new shares for each share presently held on the determined record date).
The company is currently putting all of the required regulatory materials
together for a mail-out to all shareholders, expected to occur on April 20,
2000.
    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(R) line of utility vehicles.
    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 Exchange Act of 1934, as amended.  These
forward-looking statements should not be used to make an investment decision.
Please refer to the WTA web site http://www.WTAWorldstar.com and other sources for
more detailed information.  Investor Relations is at 619-387-8888.

    For additional information, please contact:

    Lyle A. Wardrop
    President & CEO
    World Transport Authority Inc.
    Tel: (619) 444-7254
    Fax: (619) 444-9026

    OR

    Renmark Financial Communications
    Tel:  (514) 939-3989
    Fax:  (514) 939-3717
    email:  info@renmarkfinancial.com
    Web:  http://www.renmarkfinancial.com