SAN DIEGO, June 21, 2004 (PRIMEZONE) -- World Transport Authority Inc. (OTCBB:WTAI) (Frankfurt: 920943) today announced acceptance of a $631,900 USD deposit on a $3.4 million sales contract announced in January.
The company's sales division, Autotech International Corporation, today accepted the initial down payment on six factories from Cameron International. Additional items on the order will include an initial order for 300 vehicle kits and 28 complete vehicles. The completed vehicles are for pre-sale demonstrations and for Cameron International's first customer.
AIC develops commercial factory sales for the manufacture of Worldstar vehicles on a world-wide basis. Worldstar vehicles are designed for rural and undeveloped areas allowing basic transportation of goods and people. The Worldstar vehicle is manufactured in-country in an AIC designed factory by the local factory owner utilizing local labor and materials.
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.
More information may be obtained by calling World Transport Authority Inc. at (619) 593-2440 or by faxing (619) 593-2444.
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