CARH Splits, Changes Name and Symbol to WTAI
30 August 2000
CARH Splits, Changes Name and Symbol to WTAI
Business Editors/Automotive WritersEL CAJON, Calif.--Aug. 30, 2000--Composite Automobile Research Ltd. (OTCBB:CARH) (Frankfurt:POH), through it's wholly owned subsidiary World Transport Authority Inc. (WTA) is pleased to announce that pursuant to the company's Special Shareholders Meeting held on Thursday June 1, 2000 the following:
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. The recordation for the split will be Aug. 31, 2000. Therefore effective Sept. 1, 2000 the common shares of CARH will begin trading under the new name, World Transport Authority Inc. on a 4 new for 1 old basis.
The new shares of World Transport Authority Inc. will begin trading on a post split basis under the new stock trading symbol "WTAI" beginning Friday Sept. 1, 2000.