Society of Automotive Engineers Holds Symposium
18 September 2000
Society of Automotive Engineers Holds Symposium
EL CAJON, Calif.--Sept. 18, 2000--World Transport Authority Inc. (OTCBB:WTAI) (POH: Frankfurt Stock Exchange). World Transport Authority Inc. (WTA) is pleased to announce that the Society of Automotive Engineers International (SAE) has selected its WorldStar(TM) vehicle and its unique "Factory-in-a-Box" system as its current standard of advanced engineering.SAE will conduct a tour and symposium for members and interested parties at WTA headquarters on Wednesday, Sept. 20, 2000 at 6:00 PM. WTA is located at 635 Front Street, El Cajon CA 92020.
SAE spokesperson Tom Perry commented, "WTA successfully demonstrates the design of a vehicle that operates in emerging nations. The WTA 'Factory-in-a-Box' system illustrates that vehicle production is achievable in developing countries, by workers without extensive training and education. It is entirely feasible for a U.S. company to provide the technology that impacts economical transportation in third world countries."
Kent Wooley, chief technical officer for WTA, stated, "I am pleased that SAE recognizes the contribution WTA provides with the development of this extremely tough utility vehicle and its concept of the modular factory for production."
World Transport Authority Inc. serves the emerging world's transportation needs through in-country manufacturing facilities, utilizing local semi-skilled labor to produce the WorldStar(TM) 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 Act of 1934, amended. These forward-looking statements should not be used to make an investment decision. Please refer to the WTA web site WWW.WTAWorldstar.com and other sources for more detailed information. Investor Relations is at 619/387-8888.