SOURCE: World Assurance Group Inc.

October 28, 2009 17:17 ET

World Assurance Group (WDAS.OTC) Subsidiary Anav Holdings Corporation Announces Forecast for Tech Fast Project

Self Storage Industry Project Forecast 11.6% Return on Cash and 113.7% Uplift

NEW YORK, NY--(Marketwire - October 28, 2009) - World Assurance Group (PINKSHEETS: WDAS) announced earlier today that it has completed discussions with Tech Fast for operating the development of the self storage site it intends to acquire in Tacoma, Washington.

World Assurance Groups operating subsidiary Anav Holdings Corporation is forecasting $11,364.30 a month (or $139,395.60 annually) for its 45% interest in the project. The inherent equity in the project is $3,032,216, WDAS equity equals $1,364,497. This works out to 11.6% return on cash and 113.7% uplift on value excluding cash on cash. "This is the first of our income producing investments in a highly successful sector. The storage facility sector may be a continuous revenue stream for ANAV, and we look forward to growing the investment side of our business and acquiring similar types of investments," stated Jonathan B. Morgan, President of WDAS

About World Assurance Group Inc. (PINKSHEETS: WDAS)

World Assurance Group, through its wholly owned subsidiary ANAV Holdings Corporation, intends to participate in all areas of real estate transactions, including direct ownership, co-investment with other institutions or developers, as well as indirect participation through the acquisition of distressed debt and/or non-performing loans with the eventual goal of control of the underlying assets. For more information please visit

About Tech Fast

Tech Fast has been in the business of building self storage facilities for 20 years. The company has completed over 2500 projects throughout North America and Canada totaling over 33 million square feet. Tech Fast has built for Extra Space, U-Haul, Public Storage, Shurgard, Storage USA, Sovran and other independent to mid-sized operators. Tech Fast won the Minico Facility of the Year in 2004, 2006 and 2009. For more information please visit

Forward-Looking Statements

This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended and such Forward-Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the company's business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company's products; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

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