Composite Industries Of America, Inc. (fka CIAI)

[jmhollen]

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.



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