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World Assurance Group (WDAS.OTC) Subsidiary Anav Holdings Corporation Seeks to Grow Its Environmental Green Building Product Line


The Indoor Air Quality (IAQ) Equipment Market Is Expected to Reach $10.4 Billion by 2011

NEW YORK, NY, Nov 13, 2009 (MARKETWIRE via COMTEX) -- World Assurance Group (PINKSHEETS: WDAS) announced today that its subsidiary Anav Holdings Corporation is investigating working with Custom Building Products of South Carolina to enhance its building projects which are environmentally green.
Custom Building Products has developed innovative technology behind the destruction and eradication of Mold in housing developments. The company has two main products, Mold Inhibit(R)20 -- Concentrate and Mold Inhibit (R) Decontamination Kit.

According to BCC Research, a leading researcher of the Air Quality Market, the Environmental services, including mold remediation, asbestos abatement, and radon mitigation markets, which are all a subsector of Indoor Air Quality, should reach $2.9 billion by 2011.

The Mold Inhibit (R)20 Concentrate ("Mold Inhibit 20") is a product developed by the Company. Mold Inhibit 20(R) is a formulation based on an Environmental Protection Agency approved raw material for the treatment of mold infestation. Mold Inhibit 20(R) has undergone extensive laboratory testing by BodyCote Testing Group, Portland, Oregon. The Mold Inhibit 20(R) has applications for: wood, flooring, concrete, paint, sheetrock and other building materials. It is used in mold remediation projects and as an additive to building materials to retard the growth of mold. The product comes in liquid formulations of 2.5, 5 and 55 gallon drums. The Mold Inhibit (R) Decontamination Kit is a product developed by Custom Building Products and has applications for environmental cleaning business for mold, water, odor and fire induced conditions. It has applications for mold testing, mold cleaning and mold encapsulates. The underlying formulation is a raw material approved by the EPA for environmental remediation.

Jonathan B. Morgan, President of WDAS, stated, "By looking at environmentally green development projects and products, adding the ability to eradicate mold from many properties may be another method for WDAS to transform certain types of depressed real estate into viable sellable and rentable properties."

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 Custom Building Products

Customs Building Products Corporation is a privately held South Carolina corporation. The company has developed applications in the environmental cleaning business for mold, water, odor and fire induced conditions. It applications for mold testing, mold cleaning and mold encapsulates and underlying formulation is a raw material approved by the EPA for environmental remediation.