EL CAJON, Calif., Sept. 23, 2003 (PRIMEZONE) -- World Transport Authority, Inc. (WTAI) (OTCBB:WTAI) (Frankfurt:920943) today announced the induction of four new members to its Board of Directors.
WTAI has seen its share of challenges over the past couple of years, and the shareholders and directors are hopeful that with the addition of these new board members, brighter days are in store.
Joining the Board as Directors are Roger S. Brown of Santee, CA; William C. Kennedy of Montrose, CO, also serving as interim Chairman of the Board and CEO of the company; Todd C. Fowler of Oak Harbor, WA, serving as the new Secretary of the Board; and George (Ike) Bates of Los Angeles, CA is acting Treasurer.
This new Board is determined to bring about a positive change for the company and has already hit the ground running. The company is asking shareholders to be patient while the new board members work together to get WTAI on course to compete in a global market. Because of experiencing some issues from the past, the new Board Members are working with the old Board Members while in transition, working together in concert for the common welfare of the shareholders.
In order to keep the company in compliance with SEC required regulations, the Board retained an SEC Attorney, Gary Curtis Cannon, to oversee the welfare of the Board and shareholders.
At this moment, the company is seeking funding to expand its operations and is pursuing potential mergers and other relative opportunities for endurance and growth. The Board is committed to diversify, bringing new technology and products to the market that would put WTAI on a profit-making tract.
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.
Roger S. Brown, who was also elected to be Vice President of Investor Relations, recently took a temporary leave of absence for health reasons, and will not be available to take daily phone calls. However, further information can be found at the WTAI web site at: www.wtaiworldstar.com and other sources for more detailed information. Phone calls will be taken at:
World Transport Authority, Inc. (619) 593-2440 (619) 593-2444 Fax
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