Do you have an update on the legal proceedings involving Euro Federal Bank NV, Composite Industries and others list in the post.

Regards,
Kevin

".........POOF............"!!!

OTCBB SYSTEM CHANGES - 05/07/2002
OTCBB Daily List
Other-OTC / Portal Daily List

SECURITY ADDITIONS
Updated Symbol Company Name Effective Date/Comments
13:35 DGTT** DigiTEC 2000 Inc 05/08/2002

SECURITY DELETIONS
Updated Symbol Company Name Effective Date/Comments
13:35 CIAI** Composite Industries of America Inc 05/08/2002 Recapitalization

Composite Holdings Announces Revenues From A Joint Venture

LAS VEGAS, Apr 9, 2002 /PRNewswire-FirstCall via COMTEX/ -- Composite
Holdings, Inc. ("Composite Holdings") (Formerly known as Composite
Industries of America, Inc.) (OTC Bulletin Board: CIAI) is pleased to
announce revenues of approximately $72,000 from a Joint Venture entered into
between Composite Holdings, Inc. and KNOCKOUT! SPORTS NETWORK, INC. (KSPN).
KSPN is engaged in the business of worldwide sports promotion. In
particular, KSPN and Composite Holdings, through their Joint Venture,
successfully produced and promoted a fight event held at the "Stardust Hotel
and Casino" in Las Vegas on March 23rd, 2002.

The event was staged as the "BATTLE OF THE CHAMPIONS." The event was a
Martial Arts event, "KICKBOXING vs. MUAY THAI." The fight was showcased to
"experience the most aggressive fighting in Martial Arts" (Full Contact:
Feet, Knees, Fists and Elbows). This event was authorized and administered
by the Nevada State Athletic Commission.

The fighters included such notables as: Kit Cope, William Sriyapai, Angela
Rivera, Manson Gibson, Melchor Menor, Aberto Ramirez, Ben Garcia, Daniel
Dawson, John Wayne Parr, Rodtung, Turbo, and Jongsanan Fairtex.

The Joint Venture is currently reviewing the scheduling of several major
events, all to be held in Las Vegas for the remainder of this year. As soon
as venues, fight cards and approved fight dates by the Commission are
established, announcements will be made.

Composite Holdings, Inc. through its two subsidiaries, World Homes and
Affordable Homes of America, provides revolutionary building techniques for
the construction of affordable fireproof and earthquake proof housing using
the patented material Z MIX. The Corporation is engaged in the formation of
compatible synergistic companies, Tribal Electric, MJB Towers and GTSwiss,
each designed to be horizontally and/or vertically integrated with each
other.

For more information on Composite Holdings, Inc., please visit the Web site
http://www.compositeindustries.com . For further information please contact
Rich Kaiser of Yes International, Inc., 1-800-631-8127 or David Donlin /
Phil Hofmann of The Cervelle Group, 1-866-295-7878 for Composite Holdings,
Inc.

Richard J. Kaiser
President
YES INTERNATIONAL, INC.
An International Venture Capital
and Investor Relations Firm
www.yesinternational.com
yes@yesinternational.com
800-631-8127 ..toll-free
757-306-6090 ..ph.
757-306-6092 ..fax

Composite Industries Announces Name Change and Re-Capitalization

LAS VEGAS, Apr 5, 2002 /PRNewswire-FirstCall via COMTEX/ -- Composite
Industries of America, Inc.("Composite Industries") (OTC Bulletin Board:
CIAI) On April 2, 2002, the Board of Directors voted unanimously to change
the name of the Company to COMPOSITE HOLDINGS, INC. ("Composite Holdings"),
as this better reflects the direction of the Corporation in going forward
with the new Business Plan. The Board also voted unanimously to create two
new classes of common stock, a new Class A of common stock and Series 1
Class B common stock, that would replace the existing common stock and the
decrease in number of authorized shares of stock from 200,000,000 to
150,000,000. In the re-capitalization, for each one and one-tenth (1.1)
shares of common stock turned in, the stockholders will receive one (1)
share of Class A common stock and one-tenth (1/10th) of a share of Series 1
Class B common stock. No fractional shares will be issued in the
re-capitalization to any stockholder who would in the aggregate hold less
than one whole share of either Class A common stock or Series 1 Class B
common stock. It is anticipated that only the Class A common stock will be
publicly traded on the Nasdaq OTC Bulletin Board. Shares of preferred stock
will be issued after the re-capitalization to complete the acquisitions
already made.

The Company amended Article IV of the Articles of Incorporation to
reclassify their existing common stock and replace it with a new Class A
common stock and Series 1 Class B common stock. In the re-capitalization,
upon surrender of physical share certificates representing the existing
common stock, holders of one and one-tenth (1 1/10th) shares of the existing
common stock will receive one (1) share of Class A common stock and
one-tenth (1/10th) of a share of Series 1 Class B common stock.

The common stock will be reclassified into Class A common stock and Series 1
Class B common stock (which is immediately convertible on a one-for-one
basis into Class A common stock) with substantially the same rights,
preferences and privileges as the existing common stock. The Class A common
stock, like the existing common stock, will trade on the Nasdaq OTC Bulletin
Board. The Board of Directors believes that the re-capitalization is fair to
the stockholders.

The re-capitalization will constitute a "reorganization" within the meaning
of Section 368(a)(1)(E) of the Code. Accordingly, a stockholder will
recognize no gain or loss on the substitution of its existing common stock
with Class A common stock and Series 1 Class B common stock, except with
respect to cash received for any fractional shares. A stockholder's
aggregate tax basis in its existing common stock will be allocated between
its Class A common stock and its Series 1 Class B common stock in proportion
to the fair market value of each share of Class A common stock and Series 1
Class B common stock at the Effective Date of May 7, 2002.

Composite Holdings, Inc. will mail instructions and details to all
shareholders.

Composite Holdings, Inc. provides revolutionary building techniques for the
construction of affordable fireproof and earthquake proof housing using the
patented material Z MIX. The Corporation is engaged in the formation of
compatible synergistic companies, Tribal Electric, MJB Towers and GTSwiss,
each designed to be horizontally and/or vertically integrated with each
other.

For more information on Composite Holdings, Inc., please visit the Web site
http://www.compositeindustries.com . For further information please contact
Rich Kaiser of Yes International, Inc., 1-800-631-8127 or David Donlin /
Phil Hofmann of The Cervelle Group, 1-866-295-7878 for Composite Holdings,
Inc.

Richard J. Kaiser
President

YES INTERNATIONAL, INC.
An International Venture Capital
and Investor Relations Firm
www.yesinternational.com
yes@yesinternational.com
800-631-8127 ..toll-free
757-306-6090 ..ph.
757-306-6092 ..fax

Composite Industries of America, Inc. Announces The Acquisition of Tribal Electric Association-2000

PR NEWSWIRE

LAS VEGAS, Oct. 10 — Composite Industries of America, Inc. (formerly World Homes, Inc.) (OTCBulletinBoard:CIAI) announces the Company has finalized the contract for the acquisition of Tribal Electric Association- 2000.

Tribal Electric is engaged in developing, constructing and operating electric power plants in the United States and throughout the World, specializing in plants with an output capacity from 50 Mega Watts of power to 250 Mega Watts of power.

Tribal Electric has made contact with over 20 Indian Nations throughout California, who have expressed an interest to have a plant located on their Reservation. These plants will be in rural areas and will provide strategic support for the overloaded California grid system.

„hƒnƒnƒnMaintaining Our Stock Opinion of a Much Higher Valuation For Composite Industries of America (OTC BB: CIAI) Long Term, CIAI¡¦s steps to focus its business, particularly in its Energy segment and other infrastructure areas, are moving in the right direction and we do see potential in the Housing and Construction businesses that could significantly increase valuations in the next 24-months. We are maintaining our opinion that CIAI is undervalued at its current price of less than $1, and our price target of $10 ¡V to- $15 would still put CIAI shares trading at a significant discount to its peer group (see table below), which carries an average forward P/E of 15x and an average forward revenue multiple of 1.5X ¡Vto- 2.0X, based on consensus FY03 & FY04 estimates. We view CIAI shares at anything less than $5 as an attractive risk-reward opportunity for investors.

CIAI Energy Services / Electrical Power Generation Provider Competitors

Co. Name Exch : Sym $ Co. Name Exch : Sym $
Calpine Corp. NYSE : CPN $8.52 Mirant NYSE : MIR $9.90
Dynegy NYSE : DYN $22.23 NRG Energy NYSE : NRG $9.56
Duke Energy NYSE : DKE $24.05 Amer Elec Pwr NYSE : AEP $40.68
Entergy NYSE : ETR $41.71 Avista Corp. NYSE : AVA $14.06
Orion Power NYSE : ORN $25.66 Reliant Resources NYSE : RRI $10.58

Composite Industries of America, Inc. Announces the Acquisition of GTSwiss

LAS VEGAS, Oct 30, 2001 /PRNewswire via COMTEX/ -- Composite Industries of
America, Inc. (formerly World Homes, Inc.) (OTC Bulletin Board: CIAI) announces
the Company has finalized the contract for the acquisition of GTSwiss. GTSwiss
is a manufacturer of precision engineered telecommunications and consumer home
electronics products.

Merle Ferguson, Chairman and Chief Executive Officer of Composite Industries of
America, stated, "GTSwiss falls within the guidelines of our restructuring plan
designed by Mr. William Morris, our Chief Financial Officer." Ferguson further
stated, "GTSwiss is now a wholly owned subsidiary that we will be reorganizing
and relocating outside the U.S. borders in order to take advantage of a tax-free
trade zone."

Composite Industries of America provides revolutionary building techniques for
the construction of affordable fireproof and earthquake proof housing using the
patented material Z MIX. The Corporation is engaged in the formation of
compatible synergistic companies, each designed to be horizontally and/or
vertically integrated with each other.

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.
SOURCE Composite Industries of America, Inc.

CONTACT: Rich Kaiser of Yes International, Inc., +1-800-631-8127, for
 Composite Industries of America, Inc.

.

Composite Industries of America, Inc. Announces The Acquisition of Tribal Electric Association-2000

PR NEWSWIRE

LAS VEGAS, Oct. 10 — Composite Industries of America, Inc. (formerly World Homes, Inc.) (OTCBulletinBoard:CIAI) announces the Company has finalized the contract for the acquisition of Tribal Electric Association- 2000.

Tribal Electric is engaged in developing, constructing and operating electric power plants in the United States and throughout the World, specializing in plants with an output capacity from 50 Mega Watts of power to 250 Mega Watts of power.

Tribal Electric has made contact with over 20 Indian Nations throughout California, who have expressed an interest to have a plant located on their Reservation. These plants will be in rural areas and will provide strategic support for the overloaded California grid system.

Merle Ferguson, Chairman and Chief Executive Officer of Composite Industries of America, stated, "Tribal Electric will begin operations by constructing two power plants on Indian Reservations located in Southern California. These plants will be owned and operated by Tribal Electric, our wholly owned subsidiary, and all revenues and profits will be consolidated into the financial statements of Composite Industries of America." Ferguson further stated, "Mr. Tarzan Honor, President of Tribal Electric, has built electric power generation plants in South Africa, and his expertise with developing nations will help World Homes to obtain financing because the houses will have electricity, which also brings telecommunications (our other entity) and therefore enhances value and facilitates financing."

William Morris, Executive Vice President and Chief Financial Officer stated, "Each 50 Mega Watt plant will generate $35 to 40 Million Dollars of income per year; therefore, the first two plants in California will generate approximately $800 Million Dollars in revenue over the next ten years with a pre-tax margin of 16 to 18%." Mr. Morris further explained, "This acquisition is a part of the overall restructuring plan as previously announced on September 6, 2001; whereby, Composite Industries of America now has in place four fully integrated entities: 1. Affordable Homes of America (Housing for the United States) 2. World Homes, Inc. (Housing for the Global Market) 3. MJB Towers, (the first phase of the Telecommunications Unit) 4. Tribal Electric (to provide small electric power generation plants and affordable power to the United States as well as the rest of the World)."

Composite Industries of America provides revolutionary building techniques for the construction of affordable fireproof and earthquake proof housing using the patented material Z MIX. The Corporation is engaged in the formation of compatible synergistic companies, each designed to be horizontally and/or vertically integrated with each other.

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 picks up M.J.B. Towers

Oct 04, 2001 (Inman News Features via COMTEX) -- Las Vegas-based Composite
Industries of America Inc., formerly World Homes Inc., (OTCBB: CIAI) announced
it has finalized a contract to acquire M.J.B. Towers Inc., which purchases
existing leases of telecommunication towers from property owners.

M.J.B. Towers plans to acquire 2250 leases over the next three years.

"Few companies offer immediate cash flow as well as residual revenue over a span
of 10 years with no bad debt, no brick-and-mortar, no R&D and no capital
equipment. In addition, the majority of the investment has the ability of being
secured," said CEO Merle Ferguson.

"This acquisition gives us access into the telecommunications industry," said
CFO William Morris. "(Our) three business units represent the foundation of the
restructuring plan for Composite Industries of America."

Composite Industries of America provides building techniques for affordable
fire-proof and earthquake-proof housing.





"..Have you hugged your Grandkiddies today.."??

.

Composite Industries of America, Inc. Announces Letter of Intent

PR NEWSWIRE

LAS VEGAS, Sept. 18 — Composite Industries of America, Inc. (formerly World Homes, Inc.) (OTCBulletinBoard:CIAI) 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 mega watts 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.

.

Composite Industries of America, Inc. Announces New President of Affordable Homes of America

PR NEWSWIRE -- LAS VEGAS, Sept. 17 — Composite Industries of America, Inc. (formerly World Homes, Inc.) (OTCBulletinBoard:CIAI) announces the hiring of Thomas B. Lief as President of its wholly-owned subsidiary Affordable Homes of America, Inc.

Mr. Lief has spent the last ten years in land development and residential home building in the Northwest for entry-level and affordable housing projects. Mr. Lief is also a member of the State Bar of California and the American Bar Association. Prior to 1990, Mr. Lief served as Vice President and General Counsel for Macrodyne Industries, Inc., an American Stock Exchange listed company, and Staff Counsel at McDonnell Douglas Corporation in Long Beach, California.

Mr. Lief received a bachelor degree in Political Science-Business and Management from Stanford University and a Law Degree from University of California School of Law at Berkeley.

"Mr. Lief's prior accomplishments in reducing the costs of traditional home building was the biggest single influence in his selection to fill this position," stated Merle Ferguson, Chairman, President and CEO of Composite Industries of America. "I look forward to turning the U.S. certification task over to Tom."

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.


.

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.



.

Composite Industries of America, Inc. Announces New Ticker Symbol


12:19 GMT-04:00 Friday, August 31, 2001



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.

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/11690X50711881

SOURCE Composite Industries of America, Inc.

CONTACT: Rich Kaiser of Yes International, Inc., +1-800-631-8127,
for Composite Industries of America, Inc.
Copyright © 2001, PR Newswire