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Composite Industries of America, Inc. Announces Restructuring of the Company
September 05, 2001 05:00:00 AM ET LAS VEGAS, Sept. 5 /PRNewswire/ -- Composite Industries of America, Inc. (formerly World Homes, Inc.) (OTC Bulletin Board: CIAI) announces the restructuring of the Company.
William Morris, VP of Finance and CFO states, "In support of the recent announcement of our name change and in conjunction with the strategies approved by the Board of Directors, we will institute the following plan consisting of five different operating entities.
1. Affordable Homes of America, Inc., a wholly-owned subsidiary, using our patented Z MIX material in the construction of housing for the first-time home buyer in the United States.
2. World Homes, Inc., a wholly-owned subsidiary, also using our patented Z MIX material in the construction of housing for Developing Nations.
3. An Energy division to supply power through "peaker" generation plants of up to 50 mega watts of power.
4. A Tele-Communications division specializing in the construction and the leasing of tele-communication towers.
5. A Research and Development division to increase the applicable uses of our patented Z MIX for railroad ties, telephone poles and numerous new uses.
Merle Ferguson, Chairman, President and CEO stated, "The above-mentioned entities bring together the two most needed requirements in the world today, affordable housing and affordable energy. There are two billion people in the world today in need of power and housing and we hope Composite Industries of America will help relieve this problem."
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, combines bentonite, diatomaceous earth and shredded tires to create 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.
CONTACT: Rich Kaiser, Yes International, Inc., 800-631-8127, for Composite Industries of America, Inc.
.
Just so happens I have.
Thanks T2,
Any system that allows you to build bunches of quality houses quickly and economically for the mid-to-vacationer-to-lower end of the housing market is usually a "..killer.." app.....
Always the nickel-&-dime penny-whiners that make the most noise, and miss out in the long run, aye.
John
"..Have you hugged your Grandkiddies today.."??
.
Nice call John, Again. Those that listened to you and stayed have, and will profit.
Composite Industries of America, Inc. Announces New Ticker Symbol <WHME.OB>
Composite Industries of America, Inc. Announces New Ticker Symbol LAS VEGAS, Aug. 31 /PRNewswire/ -- Composite Industries of America, Inc. (formerly World Homes, Inc.) (OTC Bulletin Board: WHME) announces today that the Company's common stock will begin trading on the OTC Bulletin Board under the new ticker symbol "CIAI" on Tuesday, September 4, 2001.
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, combines bentonite, diatomaceous earth and shredded tires to create 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.
Composite Industries of America, Inc.
CONTACT: Rich Kaiser of Yes International, Inc., +1-800-631-8127, for Composite Industries of America, Inc.
Web site: http://www.theworldhome.com
.
World Homes, Inc. Announces Name Change To Composite Industries of America, Inc.
August 30, 2001 05:00:00 AM ET LAS VEGAS, Aug. 30 /PRNewswire/ -- Merle Ferguson, Chairman, President and Chief Executive Officer of World Homes, Inc. (OTC Bulletin Board: WHME) ("World Homes") announced today the name change from World Homes, Inc. to Composite Industries of America, Inc. ("Composite Industries of America").
Mr. Ferguson further states, "The name Composite Industries of America clearly reflects the new direction of the Company presently being formulated by William Morris, our Chief Financial Officer. World Homes will join Affordable Homes of America as wholly owned subsidiaries of Composite Industries of America."
World Homes 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, combines bentonite, diatomaceous earth and shredded tires to create 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 World Homes, 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 World Homes, Inc.
For further information please contact Rich Kaiser, Yes International, Inc., 800-631-8127, for World Homes, Inc.
.
"..Have you hugged your Grandkiddies today.."??
.
World Homes, Inc. Announces New Officer Assignments
PR NEWSWIRE
LAS VEGAS, Aug. 24 — World Homes, Inc. (OTCBulletinBoard:WHME) ("World Homes") President and CEO Merle Ferguson announced today the additional duties and responsibilities of two employees:
Susan Donohue has been promoted to Vice-President of Operations and Secretary.
William Morris, Executive Vice-President of Finance and Chief Financial Officer has assumed the additional duty as treasurer.
World Homes 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, combines bentonite, diatomaceous earth and shredded tires to create 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 World Homes, 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 World Homes, Inc.
.
Looks kind of like a trend back up.....
WORLD HOMES INC - OTC BB: WHME
Rec. Time Action Price Volume Exch.
3:57:53 PM Trade (at Ask) 0.54 1800 OTC BB
3:25:26 PM Ask 0.54 2500 OTC BB
3:25:19 PM Trade (at Ask) 0.5 6000 OTC BB
3:24:19 PM Bid 0.47 5000 OTC BB
3:24:19 PM Bid 0.48 5000 OTC BB
3:14:29 PM Trade (at Ask) 0.5 1600 OTC BB
3:14:26 PM Bid 0.49 5000 OTC BB
3:01:43 PM Trade (at Ask) 0.5 1000 OTC BB
2:49:56 PM Trade (at Ask) 0.5 5500 OTC BB
2:00:59 PM Trade (at Ask) 0.5 1000 OTC BB
12:33:10 PM Trade (at Ask) 0.5 1500 OTC BB
12:32:43 PM Trade (at Ask) 0.5 500 OTC BB
11:15:26 AM Trade (at Ask) 0.5 1500 OTC BB
11:08:41 AM Trade (at Ask) 0.5 4000 OTC BB
10:59:58 AM Ask 0.5 5000 OTC BB
10:59:55 AM Trade (at Bid) 0.47 15000 OTC BB
10:59:04 AM Ask 0.48 5000 OTC BB
10:57:51 AM Trade 0.48 5000 OTC BB
10:57:46 AM Trade (at Bid) 0.47 5000 OTC BB
10:57:35 AM Bid 0.47 5000 OTC BB
World Homes, Inc. Announces Director of International Sales and Marketing
LAS VEGAS, Jul 5, 2001 /PRNewswire via COMTEX/ -- World Homes, Inc. (OTC
Bulletin Board: WHME) ("World Homes") -- Merle Ferguson, President and CEO of
World Homes, Inc. announced today the appointment of Michael Wagoner as Director
of International Sales and Marketing for the Company.
Michael Wagoner has worked in various capacities for William Morris over the
last 20 years. William Morris is Executive Vice President of Finance and CFO for
World Homes.
Mr. Morris states, "I am pleased to bring aboard a person of Michael's ability
and character to World Homes. Michael will initially focus on marketing the
'World Home' in the following countries: Barbados, Mexico, Thailand, Sri Lanka,
Ghana, Benin, Gabon Congo, Zaire Congo, Brazzaville, Guinea, Peru and China."
World Homes 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, combines bentonite, diatomaceous earth and
shredded tires to create 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 World Homes, 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 World Homes, Inc.
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1955: Certain information contained in this release contains forward- looking
statements that involve risks and uncertainties, including but not limited to,
those relating to development and expansion activities, dependence on existing
management, financing activities, domestic and global economic conditions, and
market competition.
MAKE YOUR OPINION COUNT - Click Here
http://tbutton.prnewswire.com/prn/11690X85153861
SOURCE World Homes, Inc.
CONTACT: Rich Kaiser of Yes International, Inc., 800-631-8127, for World
Homes, Inc.
URL: http://www.theworldhome.com
http://www.prnewswire.com
.
"....Free DD Starter Kit...."
WORLD HOMES INC
SIC: 1531
IRS Number: 870434297
State Of Incorporation: NV
Fiscal Year End: 1231
Business Address:
4505 W Hacienda Ave
Unit I 1
Las Vegas NV 89118
Phone: 702-579-4800
Mail Address:
3098 S Highland Dr Ste. 460
Salt Lake City UT
84106
Former Company:
Former Conformed Name: Affordable Homes Of America Inc.
DATE CHANGED: 1999-05/18
CEO/Chairman/President
Merle Ferguson
http://www.affordahome.com/merle.html
Executive Vice-President of Finance
William Morris (former CFO of Sony)
http://www.bloomberg.com/fgcgi.cgi?T=marketsquote99_news.ht&s=AOxS2vhW4V29ybGQg
Secretary/Treasurer and Director:
Susan Donohue
Investor Relations:
Rich Kaiser of Yes International, Inc.,
1-800-631-8127, for World Homes, Inc.
http://www.yesinternational.com/
Company Website:
http://www.theworldhome.com
Z MIX photos:
http://www.iossbs.org/shelter.htm
ABOUT WHME:
World Homes 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, combines bentonite,
diatomaceous earth and
shredded tires to create a lightweight building
material that significantly reduces
the time and cost of constructing a house. The Company
currently holds patents on Z MIX.
Z Mix and Associated Patents
5,852,077 Methods for forming and using Z Mix 12/22/98
5,782,970 Z Mix 7/21/98
Inventor: Joseph M. Zawada
Remaining Life of Patents: 16 years +/-
http://www.uspto.gov/
WHME Transfer Agent
National Stock Transfer Inc.
1512 South 1100 East
Salt Lake City, UT 84105
1-801-485-7978
email: nst1999@hotmail.com
AS OF: 8:23 A.M. 6-11-2001
Shares O/S-----------22,270,896
Restricted Shares--11,564,270
Float--------------------10,706,626
Authorized Shares--100,000,000
Inside Ownership 49% +/-
Some discussion regarding the "float":
http://ragingbull.lycos.com/mboard/boards.cgi?board=WHME&read=5471
__________________________________________________________
The Saudi billionaire ADNAN KHSHAHOGGI is involved
with WHME! Here is some proof of that, make your own
determination as to what extent this could affect the
PP$
WHME SEC filing w/ADNAN KHSHAHOGGI's signature
http://www.secinfo.com/d11A75.51m.1.htm
For those who wish to dig a little deeper, read this
post and click on the authors "screen name"
http://ragingbull.lycos.com/mboard/boards.cgi?board=WHME&read=5282
Here is an "old" press release talking about A.K.
http://investdb.theglobeandmail.com/invest/investSQL/gx.company_news?pi_company_id=185251&pi_off....
__________________________________________________________
A wealth of information regarding the recent probe by the
SEC into WHME
http://ragingbull.lycos.com/mboard/boards.cgi?board=WHME&read=6241
__________________________________________________________
WHME News and P.R.’s:
http://investdb.theglobeandmail.com/invest/investSQL/gx.symbol_rep?pi_symblist=whme&iaction.x=13....
WHME SEC Filings:
http://www.freeedgar.com/search/FilingsResults.asp?SourcePage=CompanyList&CIK=894501&UseFram....
WHME Last Ten Trades:
http://beta.cnbc.com/stock/last10.html?sym=WHME
WHME Insider Trades:
http://biz.yahoo.com/t/w/whme.ob.html
WHME MM ranking by % of volume:
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=i&Issue=WHME&SortBy=v&month=11-1-2000&....
Sites/Message Boards that feature WHME:
http://finance.yahoo.com/q?s=whme.ob&d=t
http://dimgroup.com/cgi-bin/simple2.cgi?symbol=whme
http://msgboards.cnbc.com/default.asp?symbol=whme
http://cbs.marketwatch.com/tools/quotes/profile.asp?siteid=mktw&symb=whme&x=11&y=5
http://www.siliconinvestor.com/stocktalk/subject.gsp?subjectid=37098
http://ragingbull.lycos.com/mboard/boards.cgi?board=WHME
Item 1. LEGAL PROCEEDINGS
World Homes has begun legal proceedings against
several defendants in regards
to their alleged fraudulent representations concerning
funding for the Company
and contracts with World Homes, both of which it now
believes were non-
existent. In separate actions, the Company has sued
Euro Federal Bank
NV, Gunter Helmut, The American Home Assurance
Company, Michael Yang, Phoenix
International Financial Services, North Atlantic
Financial Services, Christian
Zamora and William Fielding & Associates for their
misconduct as regards to
the Company's efforts to obtain $15,000,000 of debt
financing in 1999 and
2000; and for their actions concerning contracts to
purchase $27,000,000 of
the Company's product in 2000, the Company has sued
Construction Associates
LLC, Devon Crenshaw, The American Home Assurance
Company, Liberty Re-Insurance
Corp., Michael Yang and Hans Klemmer. The Company has
alleged, among other
things, the following causes of action against each
named group of defendants:
Fraud, Civil Conspiracy, Unjust Enrichment, and
Racketeering.
The Company also learned that it had been named in a
legal action filed
by an
individual against an officer of the Company. In that
the lawsuit was
initiated and the actions alleged occurred before the
Company was formed, and
in that the Company was not provided the opportunity
to respond to any of the
allegations, it feels the actions have no merit and
that there will be no
adverse effect on the Company. In addition, the
Company has taken steps to
protect its interests by opposing said action, and by
filing a lawsuit against
the individual and her attorneys alleging, among other
things, Fraud, Civil Conspiracy and Abuse of Process.
The Company has also begun proceedings against Capital
General Corporation,
Krista Nielson and Sasha Belliston, alleging improper
issuance of the Company's common stock at the
time the Company merged with Kowto
.
Quoting our favorite impetuous Master Inverstor, Homer, "........Wooooo woooooo......."!!!
World Homes Inc
Quick Quote
Last 0.90
Change +0.09
% Change +11.11%
Previous Close 0.81
Day's Low 0.80
Day's High 0.90
Volume 31,700
GOooooooooooooooooooooooooooooooooooooooooooooo........Merle...!!
John
.
Oh my...., Fraulein Fiddlesticks is back to her old tricks again..!! It seems that "..m-m-m-muttering M-M-M-MMMary.." is back on the stump, "...accusing..." everybody of everything possible again (..except of what she does, of course..).
"...Meanwhile, back at the ranch..." -- the SEC simply "..alleged.." that there "..may have been.." a procedural error of some kind.
I'm just aghast over it - aren't you.?!? Ha ha ha ha ha.
Just say "...NO..." to bull-slingin', crusading, Wacko Word-Shifters....!! They're kind of like "..Odo.." on Deep Space 9 - only their buckets won't hold water..!! Tee hee hee.
John
ps: Actually, I think she's more than a little ticked that Anthony forgot to tell her about the big Short-n'-Bash on WHME. What a hummer to read about it in yesterday's news and miss the whole thing..!! (Not that she could afford to trade it anyway)
pps: "..Wooooo woooo.."; how's this for a recovery from a Short-n'-Bash Attack..!!
WORLD HOMES INC - OTC BB: WHME
Rec. Time Action Price Volume Exch.
2:22:19 PM Trade (at Ask) 0.85 3000 OTC BB
2:22:08 PM Trade (at Bid) 0.83 10000 OTC BB
2:22:00 PM Ask 0.85 2500 OTC BB
2:18:52 PM Trade (at Ask) 0.87 500 OTC BB
2:12:29 PM Trade 0.85 2500 OTC BB
2:12:15 PM Ask 0.87 2500 OTC BB
2:10:45 PM Trade (at Bid) 0.83 1000 OTC BB
2:09:04 PM Trade 0.84 2500 OTC BB
2:08:56 PM Trade 0.84 2500 OTC BB
2:08:55 PM Ask 0.85 2500 OTC BB
2:07:21 PM Trade (at Ask) 0.84 500 OTC BB
1:47:32 PM Trade (at Ask) 0.84 2500 OTC BB
1:42:04 PM Bid 0.83 2500 OTC BB
1:15:47 PM Bid 0.81 2500 OTC BB
1:01:05 PM Trade (at Ask) 0.84 1000 OTC BB
12:57:23 PM Trade (at Ask) 0.84 1000 OTC BB
12:48:18 PM Trade (at Bid) 0.8 1000 OTC BB
12:47:26 PM Trade (at Bid) 0.8 1000 OTC BB
11:58:54 AM Bid 0.8 2500 OTC BB
11:41:35 AM Trade 0.8 2500 OTC BB
.
I have to admit, you're just too low down on my list to warrant much attention - sorry 'bout that...!!
Shorts obviously had some fun today; resulting in a really good buy-op for those of us who can afford to purchase securities.
Have a nice day.
John
ps: You meant you'd be back when you get the flat onyour Yugo fixed, didn't you..?!?
No update on the recovery??? I'll be back when you flatline....
Layte
Moderate dip and recovery:
WORLD HOMES INC - OTC BB: WHME
Rec. Time Action Price Volume Exch.
10:20:14 AM Ask 0.95 2500 OTC BB
10:14:06 AM Trade 0.95 2500 OTC BB
10:14:00 AM Ask 0.96 2500 OTC BB
10:13:24 AM Trade (at Bid) 0.91 5000 OTC BB
10:12:52 AM Trade (at Ask) 0.95 2500 OTC BB
10:12:46 AM Trade (at Bid) 0.91 5000 OTC BB
10:12:39 AM Trade 0.93 2500 OTC BB
10:12:30 AM Ask 0.95 2500 OTC BB
10:11:43 AM Trade (at Bid) 0.91 6000 OTC BB
10:11:09 AM Ask 0.93 2500 OTC BB
10:11:04 AM Trade (at Bid) 0.91 3500 OTC BB
10:10:57 AM Trade 0.93 1000 OTC BB
10:10:23 AM Ask 0.94 2500 OTC BB
10:07:03 AM Ask 0.95 2500 OTC BB
10:06:46 AM Ask 0.96 2500 OTC BB
10:06:42 AM Trade 0.95 5000 OTC BB
10:05:14 AM Trade (at Bid) 0.91 500 OTC BB
10:04:49 AM Trade 0.95 2500 OTC BB
10:04:40 AM Bid 0.91 2500 OTC BB
10:04:39 AM Ask 0.97 2500 OTC BB
Look like the "..Short n' bashers.." probably made their bones this morning.....
John
WHME - {regarding SEC concern):
Since the funds generated were put right back into the company, it would seem that the SEC and the "..sultan's of scam.." like Anthony and his rep's here on iHub don't have much to whine about....:
They (..and/or you..) apparently couldn't afford to get in around $0.50 or below - which is your/their primary complaint..)
World Homes, Inc.: A Statement From the President and CEO
LAS VEGAS, Jun 13, 2001 /PRNewswire via COMTEX/ -- World Homes, Inc. (OTC
Bulletin Board: WHME) ("World Homes") -- With respect to the complaint filed by
the SECURITIES AND EXCHANGE COMMISSION, President and CEO Merle Ferguson states,
"World Homes, Inc. is fully and actively cooperating with the SEC regarding this
matter." Mr. Ferguson further comments, "The Company believes that we have
instituted policies and procedures which will guarantee complete compliance with
the Federal Securities Law. World Homes, Inc. remains totally committed to the
marketing and selling of our Z MIX product and will continue to devote all of
our energies and resources toward that goal."
World Homes 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, combines bentonite, diatomaceous earth and
shredded tires to create a lightweight building material that significantly
reduces the time and cost of constructing a house. The Company currently holds
patents on Z MIX.
John
ps: My, my, my...... you're starting to sound more like M-m-m-m-muttering MMMary every day there ying-a-ling. You live in Hollyweird also..??
THIS is even MORE INTERESTING! LOL!
http://www.sec.gov/news/digest/06-12.txt
COMPLAINT FILED AGAINST WORLD HOMES, INC., MERLE FERGUSON AND SUSAN DONOHUE
A complaint has been filed seeking permanent injunctions against World
Homes, Inc. and Merle Ferguson alleging violations of the antifraud and
securities registration provisions of the federal securities laws and
against Susan Donohue for violations of the securities registration
provisions. The complaint also seeks civil money penalties against
Ferguson.
The complaint alleges that from approximately January 2000 through
February 2001, World Homes, through the company=s President and Chief
Executive Officer, Merle Ferguson, distributed several false and
misleading press releases misrepresenting, among other things: 1) that
World Homes operated and maintained a production facility for its cement
product; 2) that World Homes possessed financing of fifteen million
dollars; and 3) that World Homes had generated over $480 million in
contracted business. It is alleged these false press releases resulted
in an increase in the price of World Homes' common stock and an increase
in the volume of shares traded. The complaint alleges this conduct
violated Section 17(a) of the Securities Act and Section 10(b) of the
Exchange Act and Rule 10b-5 thereunder.
The complaint further alleges that from on or about July 16, 1999,
through February 20, 2001, World Homes made nine filings on Form S-8,
registering 4,892,977 shares with a stated maximum value of $3,777,313.
It is alleged these shares were issued to Ferguson, Donahue and entities
controlled by them and were issued in large part not to compensate those
employees, but to raise capital for World Homes. It is further alleged
that these shares were sold into the market without registration and
that most of the proceeds remitted to World Homes, which used the funds
to finance operations. It is alleged this conduct violated Sections
5(a) and 5(c) of the Securities Act. [SEC v. World Homes, Inc., et al.,
Civil Action No. CV-S-01-658-PMP-LRL, USDC, D. Nev.] (LR-17032)
SEC OBTAINS A PERMANENT INJUNCTION AGAINST UNREGISTERED INVESTMENT ADVISER
REED SLATKIN FOR DEFRAUDING CLIENTS
The Commission announced that on June 7 it obtained a permanent
injunction against Reed E. Slatkin, an unregistered investment adviser,
located in Santa Barbara, California. Since 1985, Slatkin managed at
least $230 million for about 500 clients through purported securities
trading accounts in Switzerland. The Commission alleged that in
February 2001, Slatkin misappropriated $10 million in client funds that
he had received purportedly to invest in a money market fund and misused
the client funds to pay $6.975 million to other clients and to pay over
$24,000 in expenses. The Commission further alleged that Slatkin
defrauded as many as 500 clients through a fraudulent securities scheme.
The judgment, which was entered with the consent of the defendant,
enjoins Slatkin from future violations of the antifraud provisions of
Sections 17(a) of the Securities Act of 1933, Section 10(b) of the
Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and Sections
206(1) and 206(2) of the Investment Advisers Act and the investment
adviser registration provisions of Section 203(a) of the Investment
Advisers Act, with the amount of disgorgement and civil penalties to be
determined. For more information see LR-16998. [SEC v. Reed E. Slatkin,
Civil Action No. 01-04283, C.D. Cal.] (LR-17033)
Sounds interesting, thanks........
John
.
Returning a favor. Heard today that UAMY would be making a run. Some good PR'S are coming. Selling for 0.42, should go to $2 1/2 $3.00 within a month.
World Homes, Inc. Signs Agreement With Southern Cross Shipping Co. otcbb: WHME
LAS VEGAS, June 11 /PRNewswire/ -- World Homes, Inc. (OTC Bulletin Board: WHME) ("World Homes") announced today the signing of an exclusive shipping agreement with Southern Cross Shipping Co., Inc. ("Southern Cross"). The Agreement is for a primary term of one year, and World Homes has the option of extending annually. Southern Cross will act as intermediary for all of World Homes' freight forwarding/ocean transportation needs for their Z MIX material.
Southern Cross is one of five global shipping companies that can provide a humanitarian shipping status when needed for disaster assistance or relief.
World Homes 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, combines bentonite, diatomaceous earth and shredded tires to create 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 World Homes, 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 World Homes, Inc
CONTACT: Rich Kaiser of Yes International, Inc., 800-631-8127, for World Homes, Inc./ /Web site: http://www.theworldhome.com/
.
John,
I'm planning to review a few prospects this weekend, so I'll give it a look.
Thanks for the info.
Sara
Sara,
If you can find time to cruise through all the posts here, on SI, and the salient one on (..overlooking the basher crap..) RB you will gain a lot of knowledge on the progress of WHME.
Technically they have a very unique and timely construction methodology. They also have sidelines in virtually indestructible railroad ties and utility poles.
Geopolitically they are allied with the Bush admnistration, the World Bank, the UN, and Adnan Khashoggi's connections in the Med/mideast. The sponsorship (..of AHOA; now WHME..) on to the otcbb was by LGOV which is connected all over China.
Today's price still seems pretty reasonable, compared to the potential. Some heavy duty PRs (..not seen yet..) could make for substantial gains short and long term.
Good luck.
John
Thanks for the clarification. eom
The original offices were/are located in Vegas, the "group" secretary is still there.
The CEO lives in WI and the HQ is being relocated there; see past PRs.
Download Active-X controls free from Microsoft website.
Have a nice weekend.
John
I'm a little confused... in post 22 it said the headquarters where relocated to Madison, WI, yet this PR is out of Las Vegas... ???
Also, I clicked on the world home page and it has an active X control... if you ignore it, you get nothing.
Sara
World Homes, Inc. Names William Morris Executive VP of Finance and Director
LAS VEGAS, May 30 /PRNewswire/ -- World Homes, Inc. (BB:WHME) ("World Homes") today announced that William Morris has been named Executive Vice-President of Finance. Mr. Morris will be responsible for all aspects of the accounting, reporting, and financial planning for the Company.
Mr. Morris brings over 30 years of financial and accounting experience to the Company. The majority of the 30 years were performing the duties of Chief Financial Officer. Mr. Morris was the CFO for (Sony)/Superscope, Inc. and Marantz Company, Inc., and at one time was the youngest CFO of a New York Stock Exchange company.
In other news, Merle Ferguson, World Homes' Chairman of the Board returns as President and CEO to replace Jon Nicolaisen who resigned from the Company for personal reasons. Mr. Morris replaces Jason Thompson, who recently resigned as CFO.
World Homes 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, combines bentonite, diatomaceous earth and shredded tires to create 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 World Homes, 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 World Homes, Inc.
CONTACT: Rich Kaiser of Yes International, Inc., 800-631-8127, for World Homes, Inc./
Web site: http://www.theworldhome.com/
VFINANCE INC - WORLD HOMES INC - vFinance Capital, LC Completes Two Major Deals; Premier Investment Bank for Mid-Market High Growth Companies Closes Renex Corporation and World Homes Transactions
vFinance Capital, LC, the investment banking arm of vFinance Inc., has completed transactions for two of its clients, Renex Corporation and World Homes, Inc.
"As a result of the liquidity crisis in the equity markets, we have seen a significant increase in the demand for our investment banking services," said Timothy Mahoney, Chairman of vFinance, Inc. "Firms that utilized traditional investment banking services in the past are now challenged to find innovative solutions to meet their financial needs."
vFinance Capital represented Washington D.C.-based Renex Corporation in its sale to Seagull Holding N.V., a publicly traded Dutch software company. Renex specializes in Web-based emulation products for mainframe and midrange applications. Terms of the deal were not disclosed.
Additionally, vFinance Capital secured $1 million in equity financing from an institutional investor for World Homes, Inc. World Homes, headquartered in Madison, Wisconsin, provides revolutionary building techniques for the construction of affordable fireproof and earthquake proof housing using its proprietary material Z MIX(TM).
"The consolidation of the investment banking industry over the past ten years, combined with lower valuations, has left many solid growth companies without access to a premier investment bank," Mahoney said. "In order to service high growth businesses, an investment bank has to be international in scope, provide premium services and have detailed knowledge of the client's product, distribution channels and market. Together these factors will maximize shareholder ROI."
About vFinance, Inc.
vFinance, Inc. (OTCBB:VFIN) is a financial services company that provides investment banking and brokerage services to more than 14,000 corporate and private clients worldwide. The firm, with offices in New York, Atlanta, Boca Raton and 12 other cities, has more than $1 billion currently under management. vfinance.com, the company's Web site, is also the number one destination on the Internet for companies seeking capital, as well as institutional and high net-worth investors seeking dynamic high-growth companies. Each year, the site hosts more than one million investors and CEOs from over 50 countries. This huge audience creates a perpetual, global deal stream for VFIN's bricks-and-mortar financial service units.
TEL: 561/981-1081 Allison Hill, vFinance Inc. E-MAIL: allison@vfinance.com
.
World Homes, Inc. Announces Relocation Of Corporate Headquarters to Madison, WI
MADISON, Wis., Apr 18, 2001 /PRNewswire via COMTEX/ -- World Homes, Inc. (OTC Bulletin Board: WHME chart, msgs) ("World Homes") announced today that the Company has relocated its corporate headquarters to Madison, Wisconsin. The Company's new address is 2702 International Lane, Suite 200, Madison, Wisconsin 53704.
Regarding the relocation of the corporate offices, Company CEO and President, Jon Nicolaisen, stated, "Our move to Madison will allow us to capitalize on our human resource synergies and continue to execute our aggressive business objectives." The Company's existing corporate office in Las Vegas, Nevada, will become the corporate office of Affordable Homes of America, a wholly owned subsidiary of World Homes, Inc.
World Homes, Inc. 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, combines bentonite, diatomaceous earth and shredded tires to create a lightweight building material that significantly reduces the time and cost of constructing a house. The Company currently holds patents on Z MIX.
For information on World Homes, 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 World Homes, Inc.
Source: World Homes, Inc.
Contact: Rich Kaiser of Yes International, Inc., 800-631-8127, for World Homes, Inc.
URL: http://www.theworldhome.com
.
WHME : AFFORDABLE HOMES OF AMER INC (OTC:BB)
World Homes, Inc. Concludes an Agreement for $1 Million Equity Financing
LAS VEGAS, Apr 11, 2001 /PRNewswire via COMTEX/ -- World Homes, Inc. (OTC Bulletin Board: WHME chart, msgs) ("World Homes") announced it has concluded a definitive agreement for $1 million in equity financing from an institutional investor. vFinance, Inc. (OTC Bulletin Board: VFIN chart, msgs), the financial services industry's premier "clicks and mortar" investment bank for entrepreneurs, business owners and high net worth investors, assisted World Homes, Inc. in the transaction by structuring the equity financing. The terms were not disclosed.
President and CEO Jon Nicolaisen states, "This is an important move for us in terms of solidifying our fiscal soundness and ensuring that we can continue to execute on our business strategy. The funds will be used for operational expenses as we drive toward profitability."
"We are very excited about the company," said Andy Reckles, Managing Director of Investment Banking at vFinance. "We see the growing need for quality, affordable housing throughout the U.S. and the rest of the world. With their patented Z MIX material, consisting partially of recycled materials, and their ability to 'pour' a home in less than four hours, this company can and will be a world leader in the new home market worldwide. Furthermore, because the homes can withstand tremors up to 8.0 on the Richter scale and hurricane force winds, consumers worldwide can feel completely safe in the home of their dreams at a price everyone and anyone can afford."
About vFinance, Inc.
vFinance, Inc. (OTC Bulletin Board: VFIN chart, msgs) is a financial services company that provides investment banking, consulting and brokerage services to high growth companies and high net worth investors. The company's Website is an online investment-banking center that attracts over one million investors and CEOs annually. This huge audience produces the "leads" that fuel VFIN's branded business units. With its combination of rich content, global audience, and world class services, vFinance has become a unique new force in the financial services industry.
About World Homes, Inc.
World Homes 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, combines bentonite, diatomaceous earth and shredded tires to create a lightweight building material that significantly reduces the time and cost of constructing a house. The Company currently holds patents on Z MIX.
For information on World Homes, 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 World Homes, Inc.
Source: World Homes, Inc.
Contact:
Rich Kaiser of Yes International, Inc., 800-631-8127, for World Homes, Inc.
URL: http://www.theworldhome.com
WHME - Racking up a good list of accomplishments.....:
http://www.cnbc.com/news/news/conews.html?sym=WHME
John
.
The 'World Home' Unveiled at Media Event; Launches New Corporate Logo [WHME.OB]
LAS VEGAS, March 12 /PRNewswire/ -- World Homes, Inc. (OTC Bulletin Board: WHME) ("World Homes") unveiled the 'World Home' to the media on March 8, 2001 in Rhinelander, Wisconsin.
The two-bedroom home was constructed using the Company's patented material, Z MIX. The exhibit also showed the super structure form utilized in the construction of the home using the Company's mono-pour technique.
President and CEO Jon Nicolaisen states, "The positive response from the media and other special guests was something we fully expected. The opportunity to assist developing nations with their housing challenges is beginning to be realized. This event marks a major advance in the affordable building industry of meeting these challenges with revolutionary and effective housing solutions."
The Company also launched its new corporate identity at the event. The dynamic, modern image of the new corporate logo is intended to represent the Company's commitment to leadership in the building industry.
"We believe that our new, easily recognizable corporate logo will help to clearly identify the World Homes brand and increase customer awareness of World Homes in the affordable building industry," stated Merle Ferguson, Chairman of World Homes, Inc. "World Homes is moving ahead with a dynamic, new image, and tremendous forward momentum into the ever-expanding global market."
World Homes 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, combines bentonite, diatomaceous earth and shredded tires to create a lightweight building material that significantly reduces the time and cost of constructing a house. The Company currently holds patents on Z MIX. For information on World Homes, 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 World Homes, Inc.
SOURCE World Homes, Inc. 03/12/2001
CONTACT: Rich Kaiser of Yes International, Inc., 800-631-8127, for World Homes, Inc.
Web site: http://www.theworldhome.com/
.
World Homes, Inc. Names Thompson CFO [ otcbb: WHME ]
World Homes, Inc. Names Thompson CFO
LAS VEGAS, March 6 /PRNewswire/ -- World Homes, Inc. (OTC Bulletin Board: WHME) ("World Homes") today announced that Jason Thompson has been named Chief Financial Officer. As CFO, Thompson will be responsible for all aspects of the accounting, reporting, and financial planning for the Company.
Thompson received his bachelor's degree in Business Administration with an accounting major from the University of Wisconsin - Madison. He began his career with Arthur Andersen, LLP where he was responsible for coordinating and supervising audits for large corporate and enterprise clients. He has most recently held financial management positions at Bulk Petroleum, managing the company's development and planning. Mr. Thompson currently serves as Treasurer and Board Member for the Wisconsin Women's Health Foundation.
Jon Nicolaisen, World Homes' President and CEO noted, "Jason is well suited for this position. He joins us with a special combination of experience -- from established Fortune 100 companies to entrepreneurial start-ups.
Jason has demonstrated his expertise in managing complex financial operations. His experience will be invaluable as World Homes forges ahead with the growth we've planned in 2001 and beyond." World Homes 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, combines bentonite, diatomaceous earth and shredded tires to create 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 World Homes, 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 World Homes, Inc.
03/06/2001 /CONTACT: Rich Kaiser of Yes International, Inc., 800-631-8127, for World Homes, Inc./ /Web site: http://www.theworldhome.com/
Whoa, that's only 5+/- hours from the ol' Hacienda....
Guess I'll have to go up there and pester 'em....!!!
John
.
World Homes, Inc. to Relocate Corporate Headquarters to Madison, Wisconsin
PR NEWSWIRE -- LAS VEGAS, Feb. 22 — World Homes, Inc. (OTCBulletinBoard:WHME) (World Homes) announced today that it intends to relocate its corporate headquarters to Madison, Wisconsin. The Company expects to secure office space in Madison by April 2001.
World Homes' corporate office has been headquartered in Las Vegas since the Company's inception in 1997 and will remain as a regional office. The Board of Directors and management team believes relocating headquarters closer to research and testing facilities will be beneficial to the Company's operations.
"Wisconsin provides us with multiple opportunities for growth as we continue to look for ways to minimize costs and increase business potential," President and CEO, Jon Nicolaisen, states. "With close proximity to our research and testing facilities, we will be able to expedite entries into other product markets."
World Homes 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, combines bentonite, diatomaceous earth and shredded tires to create a lightweight building material that significantly reduces the time and cost of constructing a house. The Company currently holds patents on Z MIX.
For information on World Homes, 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 World Homes, Inc.
Copyright 2001 PR Newswire. All rights reserved
World Homes, Inc. Announces Formation of New Division, Affordable Homes Of America
LAS VEGAS, Feb 14, 2001 /PRNewswire via COMTEX/ -- World Homes, Inc. (OTC Bulletin Board: WHME) ("World Homes") announced today that it has established a new division of the Company, Affordable Homes of America. Affordable Homes of America will focus on the U.S. market for the construction of affordable, fireproof and earthquake proof housing. Merle Ferguson, Chairman of World Homes, Inc., will lead Affordable Homes of America as division manager.
"The first directive of Affordable Homes of America will be to complete the U.S. certification process to construct low-cost housing using our new techniques and proprietary material Z MIX," states Mr. Ferguson. "We will bring to the U.S. market a home that does not use any forest products and will save one-third the cost of construction, as well as help save our environment. We know the cost of land will only continue to increase; therefore, the only hope we have to keep the American Dream alive for young families is to find a way to lower construction cost. We have found the answer in Z MIX!"
World Homes 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, combines bentonite, diatomaceous earth and shredded tires to create a lightweight building material that significantly reduces the time and cost of constructing a house. The Company currently holds patents on Z MIX.
For information on World Homes, 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 World Homes, Inc.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1955: Certain information contained in this release contains forward- looking statements that involve risks and uncertainties, including but not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, and market competition.
SOURCE World Homes, Inc.
CONTACT: Rich Kaiser of Yes International, Inc., 800-631-8127, for World Homes, Inc.
World Homes, Inc. Announces 2002 Fiscal Projections
LAS VEGAS, Feb 6, 2001 /PRNewswire via COMTEX/ -- World Homes, Inc. (OTC Bulletin Board: WHME) ("World Homes") announces its fiscal 2002 earning projections. World Homes, Inc. forecasts gross profit in fiscal 2002 of $30,000,000 on gross sales of $480,000,000 based upon the recent contracts and letters of intent.
Chairman Merle Ferguson states, "World Homes is coming full circle and is looking forward to rewarding our loyal stock holders with a significant earnings outlook. I cannot thank our shareholders enough for their patience and support."
New president and CEO Jon Nicolaisen states, "We look forward to this enormous undertaking. The entire executive team is ready to focus all of our skills and energies in reaching this target. We will be relying heavily on our suppliers, foreign governments, and the labor force they provide us. However, the numbers we presented are attainable. We will spend the next five months gearing up for July, 2001 production."
World Homes 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, combines bentonite, diatomaceous earth and shredded tires to create a lightweight building material that significantly reduces the time and cost of constructing a house. The Company currently holds patents on Z MIX.
For information on World Homes, 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 World Homes, Inc.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1955: Certain information contained in this release contains forward-looking statements that involve risks and uncertainties, including but not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, and market competition.
SOURCE World Homes, Inc.
CONTACT: Rich Kaiser of Yes International, Inc., 800-631-8127, for World Homes, Inc.
URL: http://www.theworldhome.com http://www.prnewswire.com
World Homes, Inc. Announces Letter of Intent with L.W. Freeman, World Consultants Corporation
LAS VEGAS, Jan 30, 2001 /PRNewswire via COMTEX/ -- World Homes, Inc. (OTC Bulletin Board: WHME) ("World Homes") announces today that a letter of intent has been signed with L.W. Freeman, World Consultants Corporation for the construction of 'World Homes' in three countries.
Pursuant to the terms of the letter of intent, World Homes will receive orders from L.W. Freeman for 10,000 homes per month for a period of five years. L.W. Freeman is finalizing negotiations with seven additional countries increasing 'World Home' orders to approximately 50,000 homes per month for the five-year period.
World Homes, Inc and L.W. Freeman will complete the negotiation of a definitive agreement mid-February at the L.W. Freeman's Dallas, Texas office.
World Homes 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, combines bentonite, diatomaceous earth and shredded tires to create a lightweight building material that significantly reduces the time and cost of constructing a house. The Company currently holds patents on Z MIX.
For information on World Homes, 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 World Homes, Inc.
SOURCE World Homes, Inc.
CONTACT: Rich Kaiser of Yes International, Inc., 800-631-8127, for World Homes, Inc.
URL: http://www.theworldhome.com http://www.prnewswire.com
World Homes, Inc. Announces Management Changes
PR NEWSWIRE
LAS VEGAS, Jan. 25 — World Homes, Inc. (OTCBulletinBoard:WHME) ("World Homes") announced today the appointment of Jon Nicolaisen as its new president and chief executive officer and a member of the company's Board of Directors effective February 1, 2001. Mr. Nicolaisen will succeed Merle Ferguson who will remain as Chairman and a member of the Board of Directors.
Mr. Nicolaisen, age 40, has spent the last ten years as the president and CEO of Custom Food Processors International (CFPI) and Spring Valley Specialties, Inc. CFPI became the largest exporter of its manufactured food products in the United States leading to the acquisition by Dean Foods (NYSE:DF). Following the acquisition, Mr. Nicolaisen served for two years as a strategic business consultant for Dean Foods in the management of the international business for the food products divisions. In addition, Small Business Administration nationally recognized Mr. Nicolaisen as Business Person of the Year for the state of Iowa in 1999.
Mr. Ferguson stated, "I am excited to have Mr. Nicolaisen join our team and lead the growth of our Company. He brings to World Homes immense international experience to forge our presence in the world markets. His background and experience in building and managing manufacturing environments will be extremely valuable as World Homes continues to grow."
Mr. Nicolaisen stated, "I am extremely pleased that the Board of Directors has the confidence in me to ask me to become the new president and CEO of World Homes. The great culture and working environment at World Homes is a tribute to Merle's leadership style. I am excited to engage in the opportunity to help build this Company to its full potential. This opportunity truly compliments the strength of my experience."
In addition, chief financial officer Michael Schulman has announced his resignation from World Homes, Inc. to pursue other business interests.
"The Board and the Company are appreciative of Michael's contributions to World Homes and, specifically, his assistance in increasing the valuation of our Z MIX patent," said Mr. Ferguson. "We wish him the best in his future endeavors."
"We are initiating a candidate search immediately," Mr. Ferguson continued. "Until Michael's successor is named, Susan Donohue, Secretary and Treasurer, will assume administrative responsibility for the corporate finance department."
World Homes 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, combines bentonite, diatomaceous earth and shredded tires to create 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 World Homes, 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 World Homes, Inc.
.
World Homes, Inc. Schedules Media Event to Demonstrate Construction of 'World Home'
LAS VEGAS, Jan 24, 2001 /PRNewswire via COMTEX/ -- World Homes, Inc. (OTC Bulletin Board: WHME) ("World Homes") has scheduled an event during the first week of March at a secret location to demonstrate the final step in the construction of the 'World Home' and complete the instructional video. At this invitation-only media event, World Homes will exhibit its revolutionary building technique using the proprietary material Z MIX for the construction of the two-bedroom 'World Home.'
President and CEO Merle Ferguson states, "This demonstration to the media will validate our ability to construct fireproof and earthquake proof homes using our new patented materials and techniques. The World Home, with its low-cost, timesaving construction, will allow Developing Nations the opportunity to provide housing for their masses. Our Z MIX product will revolutionize and dominate the affordable home building industry in all corners of the world."
Shortly following this event, the 'World Home' will be available for viewing by the general public and a virtual video tour will be on the Company's website.
World Homes is developing and commercializing Z MIX, a cementitious product that combines bentonite, diatomaceous earth and shredded tires to create a lightweight building material that significantly reduces the time and cost of constructing a house. The Company currently holds patents on Z MIX.
Additional information on World Homes, Inc. is available on the Company's web site at http://www.theworldhome.com.
SOURCE World Homes, Inc.
CONTACT: Rich Kaiser of Yes International, Inc., 1-800-631-8127, for World Homes, Inc.
.
Whooopeee..!! "...............Tolja...................."!!!
Check it out: http://www.cnbc.com/stock/dtq.html?sym=whme&qq=t
John
Affordable Homes of America Changes Name to World Homes, Inc.
PR NEWSWIRE
LAS VEGAS, Oct. 16 — Affordable Homes of America, Inc. (OTCBulletinBoard:AHOA) announced today that it has changed its corporate name to World Homes, Inc. ("World Homes") (OTCBulletinBoard:WHME) and that the Company's common stock began trading on the OTC bulletin board under the new ticker symbol WHME.
"World Homes more closely reflects the new direction that we adopted for the Company," said President and Chief Executive Officer Merle Ferguson. "And this is the appropriate time for the name change, as we have completed phase one of our Company's transition from development stage to a commercial entity anticipating significant revenues from global marketing of our patented Z MIX product."
Ferguson explained that over the past several months, the Company has strengthened its financial management with the appointment of a new Chief Financial Officer, and has successfully entered into joint ventures and licensing agreements with several multi-national organizations to expand the sale of Z MIX material for home building in the Middle East, India, and Africa. "With the stronger financial management and with the agreements now in place, we feel that the Company is well positioned for significant growth," he said.
World Homes, Inc. is focused on developing and building homes throughout the world using new building techniques and a patented product that reduce the overall cost and time of new home construction. The Company's patented Z MIX product, a cementitious mixture that combines cement, diatomaceous earth, bentonite, and recycled products such as shredded tires, is a lightweight building material that significantly reduces home construction costs. The Company has also completed successful preliminary testing and design of railroad ties and utility poles made with Z MIX.
Additional information on World Homes, Inc. will be available on the Company's website at http://www.theworldhome.com.
Quote for reference ticker symbol: WHME / was AHOA
"...Present and accounted for, Sir...."!!!
I try to do my part - re: boards.
You need to DD this one Matt; the possibilities are Heavy Duty.....
Hidden JV with LGOV a very-high likelihood..!!
John
Yo YO YO!
Hollen is still hanging around!
Glad to see you start some new threads...
We are almost ready to launch, then this place will get interesting ;)
Hope you are doing well, John.
FM
WHME (AHOA) has really tied the JV-knot with a world-class power broker, with this shrewd move......
Adnan Khashoggi is a dude with heavy duty clout...:
Arms and the man
--------------------------------------------------------------------------------
Forget that Adnan Khashoggi funneled missles to Iran for Oliver North. And forget that he lives in a $22 million penthouse on Fifth Avenue (now on sale). Behind all that, Adnan Khashoggi is a simple man who, last Wednesday, gave a simple part to celebrate his sister Soheir's first novel. Modesty was everywhere.
Oh sure, there were the artifacts of a life well lived: four-foot elephant tusks bookending the bar; a 12-foot-by-12-foot indoor tropical garden (not to be confused with the indoor swimming pool); Monets and Gauguins and Picassos lining the walls from the library to the TV room. But it still seemed discreet, in a Saudi Prince kind of way. The pianist hired to tinkle the walnut-vencer baby grand, for instance, seemed an afterthought--had he played "We're in the Money" no one would have noticed. Even the coterie of teenage models sneaking cigarettes hardly had the haughtines you'd expect--Anna was a pure delight as we gazed through a telescope into neighboring apartments (none compared to Adnan's).
As the night went on, all Khashoggi's friends turned out. Walter Cronkite was there. So was Abe Hirschfeld, lost among the lesser-known Degas, looking proud to be seen with a man who knew a Minuteman from a Patriot. Copies of Soheir's roman a clef, Mirage, were scattered about, too. As critic Cindy Adams notes in her blurb, it's the "spellbinding story of one woman's struggle to escape the gilded cage of the Middle Eastern aristocracy."
But at last, the delightful arms merchant had to leave his own gilded cage. Boarding the elevator, a suave looking admirer slipped beside him. The New Yorker's Anthony Haden-Guest squeezed in, too. "Your sister is quite lovely," the admirer said. "She takes after me," the stout older brother replied, rousing chuckles from everyone aboard. "And what do you think of the novel?"
Khashoggi paused. "It's a naughty little book," he said, laughing, and his captive audience guaffawed in kind--one besotted editor from a downtown weekly even slapped the former weapons dealer on the back in bonhomie.
Emboldened, Haden-Guest saw his opening. "And do you think it will cause a Fatwa-ah?" the Englishman said, adding a lilting extra syllable. The elevator air grew thick with embarrassment--how could Haden-Guest have broached the notion of political death sentences after being treated to such a fine evening? Didn't he know the book had already been banned in Saudi Arabia? Ever the diplomat, Khashoggi quickly restored order: "I think we will have our own Fatwa," he retorted, rousing hears-hears from a relieved crowd of passengers. If there's a man alive who could coordinate a religious war, it's our humble Adnan.
Copyright Village Voice Mar 12, 1996
Adnan Khashoggi is a MAJOR PLAYER on the world scene..:
Khashoggi trains his guns on oil-fields now
UNITED NEWS OF INDIA
--------------------------------------------------------------------------------
MOSCOW, May 4: Is it `farewell to arms' for Adnan Khashoggi as he now aims at the huge oil profits in the breakaway republic of Chechnya? Nevertheless, the very name makes Russia wary.
Emerging from his hibernation, notorious arms dealer Adnan Khashoggi is currently engaged in trying to re-route Caucasian oil to other parts of the world while bypassing Russia. This deprives the country of considerable revenue and is helping to bolster Muslim fundamentalism in the south of Russia, warns Russian daily Segodnya
. The daily notes that Khashoggi's involvement in the Chechen affairs is ``not encouraging news' for Russia.
A Caucasian Common Market (CCM) has already been formed for tapping the region's oil and transporting it to the Middle East and the West. The investors, among others, include a Turkish-Saudi Arabian consortium; Medina fund, headed by Khashoggi. Japan, Turkey, Georgia, Ukraine, Poland and South Korea are also associated with the Caucasian Common Market.
The region including Chechnya, Caspian Sea and Azerbaijan possesses oil and gas reserves in abundance to last many centuries and a number of current conflicts there can be attributed to the great game of oil politics.
Moscow fears that as a fallout of this, it may lose its levers to intervene in the oil business giving enough elbow room to other major world powers in the south of Russia. Segodnya discloses that the Central Intelligence Agency (CIA) and some petro-dollar Arab states had jointly formulated a plan to ``destroy' the Soviet Union in the eighties.
With the help of Khashoggi, who was known for his proximity to various leaders and secret services the world over, pro-US regimes in west Asia reduced the flow of petro-dollars to the Soviet Union by manipulation and brought down oil prices in the world market from $30 per barrel to $12-15 per barrel. The sharp fall in the oil prices severely hit the Soviet Union.
Khashoggi's `Medina fund' regularly financed Muslim-dominated republics of the erstwhile USSR before it collapsed, a Novosti news analyst adds.
Khashoggi hit the headlines in the eighties when he was linked with the Iran-Contra affair. This affair was allegedly stage-managed by the CIA for garnering dollars from Iran through sale of arms to finance Nicaraguan rebels. The arms deal could not be clinched openly as the U S congress had banned any business with Teheran. With Khashoggi's help, the CIA bypassed the congress secretly.
The arms dealers was also convicted by a U S court in October 1988 for helping deposed Phillipines' President Ferdinand Marcos conceal his assets in the US.
Copyright © 1997 Indian Express Newspapers (Bombay) Ltd
With about 6 hours of DD you will finally tie WHME/AHOA back to LGOV; which is about to go kaBOOOOM on the China LPG gas scene with a JV with a MAJOR-MAJOR oil company wanting in country via LGOV's licenses.
I'll give your a hint: It involves a lot of "vanity" and mint.
[b}Do you know who ADNAN KHASHOGGI is..???!!!
He is one of the world's very biggest and wealthiest Deal-Makers - who could give Don Trump lessons..!!
Check signature at the bottom of this JOINT VENTURE deal.......
Affordable Homes of America Inc (...soon to be World Homes Inc...) · 10KSB · For 6/30/0 · EX-10.8
Confirming Copy · Filed On 10/10/0 · Accession Number 0001091818-00-000057
File Number 33-55254-18
Filed By Filing Filed On/ "Issuer"
Filed Filer, Reporting Form or Effective/ Docs: Subject Company Filer's
As Of Owner or Group Member Schedule Period/Why Pages or Serial Company Agent
This Filing:
10/10/00 Affordable Homes of America Inc 10KSB© 6/30/00 18:154 1091818
Annual Report -- Small Business · Form 10-KSB
Filing Table of Contents
Document/Exhibit Description Pages Bytes
1 10KSB Annual Report -- Small Business 32 107K
2 EX-3.1 Articles of Incorporation 7 25K
3 EX-3.2 Articles of Merger 6 19K
4 EX-3.3 Amendment to the Articles of Incorporation 1 12K
5 EX-3.4 By-Laws 21 86K
6 EX-10.1 Agreement With Affordable Homes of America, Inc. 10 44K
Exchange of Shares
7 EX-10.2 Agreement and Plan of Merger With Composite 20 58K
Industries of America, Inc.
8 EX-10.21 Articles of Merger of With Composite Industries of 3 13K
America, Inc.
9 EX-10.3 Agreement With Big Mountain Construction 22 66K
10 EX-10.4 Financial Guarantee Bond Agreement With American 5 21K
Home Assurance Corporation
11 EX-10.5 Agreement to Provide Financing With Eurofederal 8 25K
Bank N.V.
12 EX-10.6 Consulting Agreement With A2 Consultants 1 12K
13 EX-10.7 Joint Venture Agreement With Tristar Usa of La 6 27K
14 EX-10.8 Joint Venture Agreement With Al Nasar Trading & 5 28K
Industrial Corporation
15 EX-10.9 Consulting Agreement With Africa Resources Corp. 3 17K
16 EX-10.10 Strategic Alliance Agreement With Quadrant 2 13K
Resources Corp. for International Sales
Market
17 EX-3.1 Consent of Pascale, Razzino, Alexanderson & Co., 1 11K
Pllc
18 EX-27 Financial Data Schedule 1 12K
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EX-10.8 · Joint Venture Agreement With Al Nasar Trading & Industrial Corporation
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August 15, 2000
JOINT VENTURE AGREEMENT
This Joint Venture Agreement (the Agreement or This Agreement) is
entered into this August 14 , 2000 by and between
Affordable Homes of America, Inc, hereinafter referred to as AHOA, a
Nevada Corporation whose principle place of business is 4505 W.
Hacienda Ave. Unit I-1, Las Vegas, Nevada, USA and
AL Nasar Trading & Industrial Corporation, LLC, hereinafter referred
to as ALNASR, a corporation registered in the Kingdom of Saudi Arabia
(registration no. 3) whose principal place of business is Adam
Khashoggi Vila, Al Washem Street, Murabba's District, Riyadh, Kingdom
of Saudi Arabia.
WHEREAS
A. AHOA is the holder of two United States of America patents (number
5,782,970 and 5,852,077), the patents being issued for the manufactur
ing of a protected new and unique building material hereinafter refer
red to as the product;
B. AHOA has through extensive research and experience, developed low c
ost, rapidly produced housing models which meet minimum building stan
dards for the construction of homes in the United States and in many,
if not all foreign countries.
C. AHOA is now capable and ready to offer the product and
associated home building expertise to a joint venture
partner, specifically ALNASR to introduce, market and sell
the product in the Kingdom of Saudi Arabia and in other countries
mutually selected by ALNASR and AHOA.
D. Furthermore, AHOA is now capable and ready to
(a) provide full complete technical assistance in the establishment
of plants to manufacture the product and (b) provide all the
necessary expertise required to build and market low cost
homes in accordance with models created by AHOA
AND WHERAS
A. ALNASR has the experience and contacts necessary to (a) market
the product in the countries selected in the Middle East and Northern
Africa and (b) create the infrastructure necessary for AHOA to build
manufacturing plants for products where feasible.
B. ALNASR possesses the professional network which will work
diligently towards obtaining various permits and licenses as
required, both for the introduction of the product in the
countries selected and for the introduction of the product in
the countries selected and for the establishment of factories
to construct manufacturing facilities in line with this agreement;
C. Furthermore, ALNASR now desires to utilize its experience,
expertise and network to ensure the success of low cost housing models
by bidding for housing projects in countries selected at the very
earliest opportunity to this signing of this agreement.
NOW THEREFORE, In consideration of one United States Dollar (US$1.00)
receipt of which is hereby acknowledged and the mutual promises and
warranties contained herein, AHOA and ALNASR hereby agree as follows:
MARKETING AND PRODUCTION, LOW COST HOUSING
1. AHOA and ALNASR agree to the formation of two corporations
called Affordable Homes (Middle East), Inc., the said corporations,
unless otherwise agreed upon to be (a) a Canadian (British Columbia)
and (b) a United States of America (Nevada) corporation respectively;
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2. AHOA and ALNASR will each hold 50% of the Canadian and
US corporation ( the "JV Corporations") respectively
3. AHOA and ALNASR understand that each of the JV corporations
will be obliged to form alliances, partnerships or even JV agreements
with third parties depending upon the individual requirements and
project mechanics in each country:
4. AHOA will hereby grant the JV corporation the exclusive rights
to (a) introduce and market the product in various countries selected
and (b) construct manufacturing and production facilities to produce
the product in the said countries selected and furthermore,
unless there are fundamental reasons to the contrary AHOA
agrees to transfer such exclusive rights to any alliances,
partnerships or JV undertaken with third parties in any
particular country.
5. AHOA will also grant the JV corporation the exclusive right,
jointly, with other parties or on their own accords, to bid on low
cost housing contracts in countries selected using AHOA's product
and technical support.
6. AHOA warrants and guarantees that the product is feasible and
further warrants that all technical information provided to
ALNASR isaccurate and will be accurate at all times to
the best of AHOA management
7. AHOA warrants that the product is viable building product and
is one which can be produced and used at a cost substantially less
that the cost of normally existing wood or concrete based housing
materials
8. AHOA warrants that is engineer and technicians will be available
for on site presentations, reviews and studies in the countries
selected to assist ALNASR in any of its efforts envisaged in this
Agreement
9. ALNASR agrees to use its best efforts to introduce, market and
sell the product in countries selected and further agrees that the
first country will be selected within 7 business days of the
signing of this Agreement
10. ALNASR agrees that it will arrange for the preparation and
submission of competitive bids which will be based on the use of
the product (either via local production or via exports) to produce
low cost housing in the country of countries selected.
11. ALNASR may provide, as its own contribution towards the Joint
Ventures envisaged herein, land or buildings and such land or buildings
will be acceptable to AHOA, if (a) they are deemed suitable for
the furtherance of the objectives of the joint venture and (b)
they are valued as per recognized local or international standards;
12. Each party will have equal representation of the Board of Directors
of the corporation (per 1) unless such representation needs to be
altered due to locally prevailing regulations in which case
both parties shall arrive at mutually acceptance representations;
COSTS, FEES, EXPENSES & ORGANIZATION
13. Further to a Letter of Intent dated August 07, 2000, AHOA and
ALNASR have made their initial contributions of $US 25,000.00
(United States Dollars Twenty Five Thousand only) each towards
preliminary expenses designed to identify the precise nature of
opportunities for the product in all countries in the Middle East
and in certain countries forming the Northern Africa.
14. AHOA and ALNASR hereby, agree form this juncture, to
operate the agreement only through the JV Corporations (per 1);
15. AHOA and ALNASR hereby agree that both parties will contribute
a specified amount towards their share of initial capitalization of
the corporations in such a manner that preliminary travel cost, legal
fees and other expenditures are accounted for prior to formal
capitalization pursuant to the actual implementation of country
specific joint ventures for production, marketing and bidding purposes.
16. AHOA and ALNASR hereby agree to appoint Ms. Allison Eaton,
President of Africa Resources Corporation, Vancouver, as Secretary
of the Canadian corporation and AHOA appointee as Secretary
of the US Corporation for the primary purpose of maintaining and
preparing books, records, timetables, timelines and expense budgets;
17. AHOA and ALNASR hereby agree to appoint Mr. Stephen Nemerqut as
General Counsel for purposes envisaged in this Agreement;
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IMMEDIATE OBJECTIVES
18. ALNASR, will, within 7 business days of the signing of this
Agreement, provide written confirmation of a least one country chosen
for immediate implementation of the objectives of the Joint Venture
with AHOA, namely to produce and manufacture the product and,
further more, to promote low cost housing projects;
19. ALNASR will within 7 business days of the signing of this
Agreement, provide a plan of action for a least four other countries
where such plan will be implemented depending upon the level of resources
available to AHOA;
20. ALNASR and AHOA will cause the formation of the corporations
(per 1) with immediate effect so that the Secretaries of the Corporations
can prepare and formalize books, records, and budgets in line
with the objectives of the Agreement;
21. In order to fund the JV, and to complete other obligations under
the Agreement, AHOA will immediately conduct a private placement
financing in which cause AHOA will be actively assisted by
Africa Resource Corporation and by ALNASR;
22. ALNASR hereby agrees to make all arrangements, in conjunction
with Africa Resources, to enable AHOA to complete the targeted private
placement for a sum expected to be for a minimum of $7.00
million and for a maximum of $15 million with the overriding
provision that the bulk of the proceed excluding certain operating
and working capital costs agreed upon, will be utilized to fund AHOA's
share in the joint venture and/or joint ventures envisaged therein;
23. ALNASR is aware that shares issued as a consequence of the
private placement by AHOA will be restricted shares (either Rule 144
or Reg,'S') and such shares may remain restricted for trading in the
US either for a period of 12 months from the date of the issuance or
pending AHOA effecting the appropriate registration of the securities
issued;
GENERAL
24. It is explicitly understood by ALNSAR that AHOA's near term
and longer term participation, especially in the manufacture of the
product in one or more countries, is reliant upon the success of the
private placement (per 22) and a failure to satisfactorily complete the
private placement will make it impossible for AHOA to meet the forthcoming
commitments as outlined in this Agreement;
25. The term of the Agreement shall be for a period of three (3) years
with and automatic renewal for twenty five (25) years if a minimum of
US$ 100,000,000.00 (United States Dollars One Hundred Million) of actual
construction value is achieved within three years where such construction
value will be the aggregate of construction expenditures in one or more
countries designated by ALNASR;26. Since the representation on the Board
of Directors (per 1) shall be equally split between AHOA and
ALNASR, any stalemate in voting- despite the best efforts of both
parties- will be submitted to an independent Arbitrator selected from
the American Arbitrator Association in which case the
Arbitrator's decision will be final;
27. This agreement may be terminated for any of the following reasons:
a. By mutual consent of both parties
b. By the failure of ALNASR to secure necessary licenses
permits and other related arrangements in at least 1 country
over a period of 12 months form the date of signing this Agreement.
c. By the failure of ALNASR to forward a comprehensive plan
of action for the JV corporations within 12 months from the
date of signing this Agreement;
d. By the failure of AHOA to complete the private placement
envisaged herein within 6 months from the date of signing
this Agreement;
e. By the failure of AHOA to demonstrate adequately that
the product meets with all necessary minimum requirements
and furthermore, to prove that the low cost housing model
is reality;
28. The Agreement may be amended at any time provided that any amended
agreement is in writing, signed by both parties and clearly referenced;
29. All timetables of timelines mentioned herein and appearing as the
duties of any of the parties to the Agreement may be extended with
the written consent of both parties to the agreement and the parties
concerned hereby agree that certain requirements or provisions may be
waived provided that such waiver is mutually agreed in writing
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30. Address for notices and other communications:
AHOA Affordable Homes of America, Inc
4505 W. Hacienda Ave. Unit I-1
Las Vegas, NV
#702-579-4888
Fax#-702-579-4833
e-mail:info@affordahome.com
AL NASR Trading & Industrial Corporation LLC
Adnan Khashoggi Villa
Al Washem Street
Murabba's District
Riyadh, Kingdom of Saudi Arabia
Telephone: 1-9661-402-7888
Fax:1-9661-402-8577
31. The Agreement is the final written expression and the complete and
exclusive statement of the parties namely AHOA and ALNASR. It super-
sedes any and all other agreements (and letters of intent as the case may
be) written or oral between the parties and alterations or amendments
hereinafter must only be with the written and mutual content of AHOA
and ALNASR:
32. The Agreement, and its terms and conditions, shall be govern by
the laws prevailing in the State of Nevada or laws in other jurisdictions
if and when applicable;
33. In the event that any pan of the Agreement is determined invalid by
a court of competent jurisdiction, such determination shall not effect
the validity of the remaining portion of the Agreement:
34. Both parties agree that, within the framework of the Agreement, certain
commission and/or finder's fees will be payable to Charlesbridge Holdings
(Europe) Corporation/Africa Reiources Corporation and to The Aiegis Group
and that the said commissions and fees will be negotiated separately and
will form part of a separate aereement.
SIGNED AND ACCEPTED
DATED: 08/15/2000
For AFFFORDABLE HOMES OF AMERICA, INC
By: /s/ Merle Ferguson
--------------
Merle Ferguson
President
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FOR AL NASR TRADING AND INDUSTRIAL CORPORATION LLC
By /s/ ADNAN KHASHOGGI
---------------
ADNAN KHASHOGGI
DIRECTOR
end of agreement.
TOTAL 8 PAGES
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Dates Referenced Herein and Documents Incorporated By Reference
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For The Period Ended 6/30/0 NT 10-K
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Filed On / Filed As Of 10/10/0
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