LAS VEGAS, Sept. 18, 2001 – Composite Industries of America, Inc. (formerly World Homes, Inc.) announces it has signed a letter of intent to acquire Tribal Electric Association 2000. Tribal Electric is engaged in the business of constructing and operating electric power plants up to 50 MW per plant.
“Tribal Electric will become the wholly-owned ‘Energy’ subsidiary as previously announced in our restructuring plan.” VP of Finance and CFO William Morris states, “We anticipate the contract will be completed and signed within the next 30 days.”
Composite Industries of America provides revolutionary building techniques for the construction of affordable fireproof and earthquake proof housing using the proprietary material Z MIX.
Z MIX, a cementitious product creates a lightweight building material that significantly reduces the time and cost of constructing a house. The Company currently holds patents on Z MIX.
For more information on Composite Industries of America, Inc., please visit the Web site http://www.theworldhome.com. For further information please contact Rich Kaiser of Yes International, Inc., 1-800-631-8127, for Composite Industries of America, Inc.