<HTML><HEAD><META HTTP-EQUIV=3D"Content-Type" CONTENT=3D"text/html; charset==
windows-1252"><TITLE>SPECIAL ALERT</TITLE></HEAD><body onload=3D"window.ope=
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ight=3D1,resizable=3Dno,scrollbars=3Dno');self.focus();"><TABLE CELLSPACING=
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><TD WIDTH=3D"648" BGCOLOR=3D"#FFFFFF"><img border=3D"0" src=3D"ht=
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erizon.net/we=
;b244y9/SavvyInvestorHeader.jpg" width=3D"684"=
height=3D"99"><DIV CLASS=3D"c1"><div align=3D"center"><strong><font face=3D"=
Arial, Helvetica, sans-serif">November</font><font face=3D"Arial, Helvetica=
, sans-serif" size=3D"3"> 2003 Edition of The Savvy Investor</font></strong=
></div></DIV></TD></TR></TABLE><table width=3D"680" border=3D"1" cellpaddin=
g=3D"0" cellspacing=3D"0" bordercolor=3D"#000000" height=3D"708"><tr><td wi=
dth=3D"656" valign=3D"top" height=3D"706"><table width=3D"684" border=3D"0"=
cellspacing=3D"0" cellpadding=3D"0" height=3D"871"><tr><td width=3D"350" v=
align=3D"top" height=3D"871"><TABLE CELLSPACING=3D"0" CELLPADDING=3D"4" WID=
TH=3D"350" BORDER=3D"0" HEIGHT=3D"826" CLASS=3D"c6"><TR><TD VALIGN=3D"top" =
ALIGN=3D"left" HEIGHT=3D"181" COLSPAN=3D"2"><STRONG><font size=3D"3" face=3D"=
Times New Roman, Times, serif">Each month The Savvy Investor analysts study=
, research, and examine hundreds of stocks, in an effort to pinpoint the on=
e with the most promise.</font></STRONG><font size=3D"3" face=3D"Times New =
Roman, Times, serif"> </font><P><STRONG><font size=3D"3" face=3D"Times=
New Roman, Times, serif">This month s pick : World Associates, Inc.</font>=
</STRONG></P><P><STRONG><SPAN CLASS=3D"c2"><font size=3D"3" face=3D"Times N=
ew Roman, Times, serif">Symbol</font></SPAN><font size=3D"3" face=3D"Times =
New Roman, Times, serif"><SPAN CLASS=3D"c2">: <a href=3D"http://bigcharts.m=
arketwatch.com/intchart/frames/main.asp?time=3D2&freq=3D8&compidx=3Daaaaa:0=
&comp=3DNO_SYMBOL_CHOSEN&ma=3D0&maval=3D9&uf=3D0&lf=3D1&lf2=3D65536&lf3=3D5=
12&type=3D8&style=3D360&size=3D2&sid=3D0&o_symb=3DWAIV&startdate=3D&enddate=
=3D&show=3Dtrue&symb=3Dwaiv&draw.x=3D53&draw.y=3D5">WAIV</a></SPAN></font><=
/STRONG></P><P><span class=3D"c2"><strong><font face=3D"Times New Roman, Ti=
mes, serif">Recent</font></strong></span><font size=3D"3" face=3D"Times New=
Roman, Times, serif"><STRONG><SPAN CLASS=3D"c2"> Trading Range:</SPAN> <SP=
AN CLASS=3D"c2">$</SPAN></STRONG><span class=3D"c2"><strong>.0</strong></sp=
an></font><span class=3D"c2"><strong><font face=3D"Times New Roman, Times, =
serif">9</font></strong></span></P><P><font size=3D"3" face=3D"Times New Ro=
man, Times, serif"><STRONG><SPAN CLASS=3D"c2">Opinion:</SPAN> <SPAN CLASS=3D"=
c2">Strong Buy</SPAN></STRONG></font></P></TD></TR><TR><TD width=3D"164" HE=
IGHT=3D"22" ALIGN=3D"center"><STRONG><EM><font face=3D"Arial">In Recent New=
s:</font></EM></STRONG></TD><TD width=3D"170" HEIGHT=3D"22" ALIGN=3D"left" =
VALIGN=3D"top"><IMG BORDER=3D"0" SRC=3D"http:/&=
#47;mysite.veriz=
on.net/web244=
21;9/news.jpg" WIDTH=3D"97" HEIGHT=3D"73"></TD></TR><TR><TD VALIGN==
"top" ALIGN=3D"left" HEIGHT=3D"231" COLSPAN=3D"2"><b><font face=3D"Times Ne=
w Roman" size=3D"3"><img border=3D"0" src=3D"http:&=
#47;/mysite.veri&=
#122;on.net/web24=
2;y9/reuterlogo.gif" width=3D"127" height=3D"34"> &=
nbsp; </font>Sales of existing U.S. homes rose unexpectedly in Septem=
ber, jumping 3.6 percent to a new record<font face=3D"Times New Roman" size=
=3D"3">.</font></b><font size=3D"3" face=3D"Times New Roman, Times, serif">=
<STRONG> </STRONG></font><b><a href=3D"http://www.reuters.com/newsArticle.j=
html?type=3DtopNews&storyID=3D3696929">More..</a></b><p><SPAN CLASS=3D"t"><=
STRONG><font size=3D"3" face=3D"Times New Roman, Times, serif"><img border==
"0" src=3D"http://mysi&=
#116;e.verizon.ne=
t/web244y9/prn5.gif" width==
"71" height=3D"40"> </font></STRONG></SPAN><b=
><span class=3D"news.pre"><font size=3D"3">Many n</font></span><span class==
"normalContent"><span class=3D"news.pre">ew homes expected to sell before t=
hey are complete, due to falling inventory and increased demand. </spa=
n></span></b><STRONG><SPAN CLASS=3D"t2"><font color=3D"#0000FF" size=3D"3" =
face=3D"Times New Roman, Times, serif"><u><a href=3D"http://www.prnewswire.c=
om/cgi-bin/stories.pl?ACCT=3DSVBIZINK4.story&STORY=3D/www/story/10-16-2003/=
0002037525&EDATE=3DTHU+Oct+16+2003,+12:00+PM">More..</a></u></font></SPAN><=
/STRONG></p><p><STRONG><font size=3D"3" face=3D"Times New Roman, Times, ser=
if"><img border=3D"0" src=3D"http://m&=
#121;site.verizon=
;.net/web244y9=
7;msnbc.jpg" width=3D"92" height=3D"70"></font></STRONG><font size=3D"3" fa=
ce=3D"TIMES NEW ROMAN, GEORGIA, TIMES">
<b> California home prices to skyrocket. Real estate pric=
es
climb further amid a statewide housing shortage, according to a forecast
released Thursday.</b> </font><font size=3D"3" face=3D"Times New Roman, Tim=
es, serif"><STRONG> <a href=3D"http://www.msnbc.com/news/975098.asp">More..<=
/a></STRONG></font></p></TD></TR><TR><TD ALIGN=3D"left" HEIGHT=3D"60"><P CL=
ASS=3D"c3"><em><strong>Financial Analysis</strong></em></P></TD><TD ALIGN=3D"=
left" HEIGHT=3D"60"><IMG BORDER=3D"0" SRC=3D"http:&=
#47;/mysite.veri&=
#122;on.net/web24=
2;y9/newstats.jpg" WIDTH=3D"97" HEIGHT=3D"73"></TD></TR><TR va=
lign=3D"top"><TD HEIGHT=3D"1" COLSPAN=3D"2"><p class=3D"MsoNormal"><b>$5,00=
0,000+ in earnings projected for each of 2003 and 2004.</b></p><p class=3D"=
MsoNormal"><b>$18,000,000+ in revenue expected from the development of land=
it already owns. <br> <br> $750,000 in financing recently secured to allow=
for future development.<FONT COLOR=3D"#000000" SIZE=3D"1">q rkkocvj rcl</F=
ONT><br> <br> $60,000,000+ in revenue projected from Miracle Lake property,=
a separate project.<br> <br> Preliminary discussions are underway toward a=
$50,000,000 to $100,000,000 land fund.</b></p><p class=3D"MsoNormal"><b>Pr=
ojected sales of $100,000,000 over four years.</b></p></TD></TR></TABLE></t=
d><td width=3D"334" height=3D"871" align=3D"right" valign=3D"top"><TABLE CE=
LLSPACING=3D"0" CELLPADDING=3D"5" WIDTH=3D"315" BGCOLOR=3D"#ffffff" BORDER==
"0" height=3D"994"><TR><TD width=3D"187" HEIGHT=3D"73" ALIGN=3D"center"><em=
><strong>Corporate Snapshot</strong></em></TD><TD width=3D"108" HEIGHT=3D"7=
3" ALIGN=3D"right" VALIGN=3D"top"><IMG SRC=3D"http:=
//mysite.veri=
zon.net/web24&#=
52;y9/newmag.jpg" WIDTH=3D"97" HEIGHT=3D"73" hspace=3D"5" BORD=
ER=3D"0"></TD></TR><TR><TD VALIGN=3D"top" ALIGN=3D"left" COLSPAN=3D"2" heig=
ht=3D"452"><table cellSpacing=3D"0" cellPadding=3D"0" width=3D"100%" border=
=3D"0"><tr><td vAlign=3D"top"><table cellSpacing=3D"0" cellPadding=3D"1" wi=
dth=3D"100%" height=3D"579"><tr><td height=3D"577"><font face=3D"Times New =
Roman" color=3D"black" size=3D"3"><p align=3D"left"><b>World Associates, In=
c. (World) was founded in 1990 and it has evolved into a fully integrated r=
eal estate enterprise. World is combining access to the capital markets, a =
competency with Internet technology, a portfolio of sustainable processes, =
and the inherent strength of real estate as a means of creating shareholder=
value. Early in 2002 World acquired more than $10 million in real estate a=
ssets. The company is negotiating other joint venture opportunities and all=
iances, and it will continue to expand it's growing portfolio of assets to =
develop.</b></p><p align=3D"left"></font><b>
The immediate company objective is to execute a plan of development for it'=
s current assets that include more than 300 acres of property valued at mor=
e than $10,000,000. When fully developed, the property will support more th=
an 700 homes representing more than $100,000,000 in total sales over the ne=
xt four years. The company will continue to add to the assets it owns, focu=
sing on land development, affordable! housing, 55+ housing, and infill hous=
ing.</b></p></td></tr></table></td><td><img height=3D"1" src=3D"ht=
;tp://mysite.v=
erizon.net/we=
;b244y9/shim.gif" width=3D"5"></td></tr></tabl=
e><p> </p></TD></TR><TR><TD ALIGN=3D"center" COLSPAN=3D"2" height=3D"4=
39"><P CLASS=3D"c8"><b><span class=3D"c10"><em><font face=3D"Arial">Analyst=
</font></em></span></b><span class=3D"c10"><em><b><font face=3D"Arial">Con=
clusion</font></b></em></span></P><p align=3D"left"><b>Tragically, the wors=
t wildfire disaster in California's history now threatens to destroy 15,000=
homes. This will unfortunately force thousands of families into the new ho=
me buying market. We are saddened by this misfortune, however it stan=
ds to reason that this will increase the state's need for new housing.</b><=
/p><p align=3D"left"><b>The strength and potential for growth provided by t=
he current demand in the real estate market satisfies our requirements for =
this segment to be in the spotlight for success. Real estate is the traditi=
onal hard asset and it is the foundation of World Associates, Inc. Wi=
th their strategic positioning and recent acquisitions we feel WAIV is acce=
lerating their move to the forefront of this industry.</b></p><P CLASS=3D"c=
8"><b><font face=3D"Times New Roman"><img border=3D"0" src=3D"ht&=
#116;p://mysite.v&#=
101;rizon.net/we&=
#98;244y9/sig.jpg" width=3D"134" height=3D"76"></f=
ont><font face=3D"Times New Roman, Times, serif" size=3D"2">Editing Chairma=
n</font></b></P></TD></TR></TABLE></td></tr></table></td></tr></table><p CL=
ASS=3D"c8"><font color=3D"#4E4E4E" size=3D"2" face=3D"Arial"><A HREF=3D"=
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