Wall Street Reporter: Housing market remains strong despite weak economy.

WALL STREET REPORTER'S FIRST PICK FOR 2003
Catch the WAIV !

MOST ROBUST YEAR EVER IN REAL ESTATE

Market Reports Say
The Outlook Remains Strong!
Independent Reports on conditions affecting WAIV below.

More Homes Needed Jump in New Home Sales Sets Record
Inland Empire Home Prices Spike
So. California Housing Shortage

Source: SoCalHomeCentral.com

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Highlights

- WAIV acquired more than $10 M in real estate assets in 2002

- Projected sales $100,000,000 over four years

- More than $5M in earnings projected for each of 2003 and 2004

- The Company qualifies to list its stock on a more significant exchange.

- WAIV is a reporting company:
Latest filing from SEC web site

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Points to Consider

- This stock is based on real estate, the traditional hard asset

- Manufactured housing is the future

- Affordable housing will always be in demand

- This is an early stage opportunity with good upside potential

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Wall Street Reporter Conclusion
First Pick of the Year

World Associates, Inc.
symbol: WAIV

World's strategic position and recent acquisitions are sure to move this Company to the forefront of the Real Estate Market.

This is a stock with a strong foundation for uncertain times.

OPINION:
STRONG BUY

SYMBOL:
OTC: WAIV

RECENT PRICE:
$0.08

Company Overview

World Associates, Inc. acquired more than $10 million in real estate assets on which 700 homes can be built. World is engaged in the real estate business through a wholly owned subsidiary, Superior Real Estate, Inc.

The Company plans to focus on two primary markets. The first is manufactured housing using innovative and affordable designs. The second is the land entitlement business, the business of supplying to the development or investment community fully entitled or approved land ready for a building permit. There is particularly strong demand for land that is ready to build on in California, where the Company is the most active at the present time. (see article More Homes Needed )

Profit in many real estate developments often starts with the land itself due to appreciation, entitlement efforts, demographic pressure, etc., rather than during construction, or later during the management of property. World takes advantage of the existing profit opportunity in land while avoiding risky areas of the real estate business that involve more difficult to manage phases, namely construction and leasing.

World's strategy is to concentrate on lower-risk or fast turning housing projects in the 55+ age group and in an affordable range. The Company, a manufactured home dealer for several national brands, is using its expertise to develop new home designs, installation techniques, and materials that make many manufactured homes indistinguishable from site built homes in their appearance and quality. Such homes have a very attractive value per square foot when compared to site built homes.

World Associates, Inc. is extending the concept of "highest and best use" to include quality of life considerations. A "higher and better use" for property means developing it for the most profit while insuring a beneficial outcome for the community and its environment. The Company believes that this view will be an essential key to successful real property development in the future.

This is the January 2003 edition of The Wall Street Reporter.

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Disclaimer:

The Wall Street Reporter Newsletter provides information on selected companies that it believes has investment potential. The Wall Street Reporter Newsletter is not a registered investment advisor or broker - dealer. This report is provided as an information service only, and the statements and opinions in this report should not be construed as an offer or solicitation to buy or sell any security. The Wall Street Reporter Newsletter accepts no liability for any loss arising from an investors reliance on or use of this report. An investment in WAIV is considered to be highly speculative and should not be considered unless a person can afford a complete loss of investment. The Wall Street Reporter Newsletter has been retained to distribute this report on WAIV and has been paid fifteen hundred dollars by a third party. This report involves forward looking statements, which involve risk, and uncertainties that may cause actual results to differ materially from those set forth in the forward - looking statements. For further details concerning these risks and uncertainties, see the SEC filings of WAIV including the Company's most recent annual and quarterly reports.

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