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WTA Signs LOI for the Congo, Togo and Burkina Faso

26 October 2000

WTA Signs LOI for the Congo, Togo and Burkina Faso

    EL CAJON, Calif.--Oct. 26, 2000--World Transport Authority Inc. (OTCBB:WTAI) (POH: Frankfurt) (WTA) Thursday announced that, effective 10/23/00, a Letter of Intent was signed for a Master License to produce and sell products created with WTA technology in the Congo, Togo and Burkina Faso.
    These territories are located on the continent of Africa.
    The Master License holder will be US Trading & Investment Company (USTI) located at 3050 K Street, N.W., Suite 170, Washington, D.C. 20007. Mr. John Caldwell is the president and has extensive diplomatic influence and contacts in the designated territories. The Master License fee for the Congo is $5,000,000 and USTI has agreed to implement one factory initially at a cost of $400,000. This initial cost includes one WorldStar vehicle for pre-marketing purposes.
    "We are excited that our aggressive marketing efforts in Africa are accelerating the pace of acceptance of WorldStar technology for Africa," said Lyle Wardrop, CEO and president of WTA. "We will continue this effort until the entire continent is utilizing our vehicle."
    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. Refer to the WTA Web site at www.WTAWorldstar.com and other sources for more detailed information. Investor Relations is at 619/387-8888.