UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: November 12, 2004
WORLD TRANSPORT AUTHORITY, INC.
(Exact name of registrant as specified in its charter)
Alberta, BC 93-1202663
(State of Incorporation) (I.R.S. Employer Identification No.)
140 West Park Avenue
El Cajon, California 92020
(Address of Principal Executive Offices)
(619) 593-2440 Fax: (619) 593-2444
(Registrant's telephone and fax number, including area code)
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Item 5. Other Events.
World Transport Authority, Inc. (WTAI), an Alberta corporation,
previously reported that WTAI will be temporarily suspended from trading
OTC.BB and will go to the pink sheets. This week the Board of Directors met
to issue a statement to shareholders and the public summarizing the
accomplishments of the past sixteen months of the current administration, and
offer a view toward the future of the Company.
Management is making arrangements with a new audit company to complete
the annual and first quarter audits. The Administration is also continuing
to investigate the conspiratorial and fraudulent conduct of past officers and
directors in diverting Company assets and funds, at the same time cooperating
with the SEC in prosecuting the Founder of the Company for his alleged
violations of federal securities laws. The Company intends to file its own
complaint in federal court and share discovery with the SEC in an effort to
recover those diverted assets and funds.
The Company is continuing to develop purchasing resources in order to
improve the bottom line and diversify parts and materials sources. In
addition, the Company is exploring strategic alliances and joint venture
opportunities with major automotive parts manufacturers. These opportunities
exist because of the support of those individuals connected with the Company
who believe in the Factory-in-a-Box? concept to encourage economic
development in third-world countries and are willing to contribute their time
and resources to further the project until WTAI resumes trading. This month,
WTAI was capitalized with 5,000,000 shares of tradable/saleable stock by way
of a $100,000 note for possible sale in the future if needed. Those shares
are held in the WTAI office at: Suite 3364-1055 Dunsmuir Street, Vancouver, B
C, Canada V7X1L2.
The Board listed its other recent accomplishments: WTAI created a new
marketing corporation, Autotech International Corporation (AIC), a Nevada
Corporation; AIC acquired a new Philippine corporation, Millennium Autotech
International Corporation (MAIC) for the purpose of manufacturing the
Factory-in-a-Box? as well as purchasing and assembling vehicle kits (MAIC has
an excellent management and legal staff set up with certified auditing
procedures); MAIC has built four factories ready for delivery; MAIC has
enhanced manufacturing and production capacity, and is now in a new location
in the Clarkfield Development Corporation import/export zone; and WTAI has
developed a new website that is still under construction at: wtai-
worldstar.com/index.php. When completed and launched, the new website will
be found at wtai-worldstar.com .
This Form 8K 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.
In the USA Contact:
Roger Brown
World Transport Authority, Inc.
US offices
Carlsbad, CA
Phone: (619)-593-2440
Fax: (619)-593-2444
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World Transport Authority, Inc.
Date: November 12, 2004 By: /s/ William C. Kennedy
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William C. Kennedy
Chief Executive Officer
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