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@Fatbiker
I already have 2 project in the making , but I just had to buy this Pearson (time trial bike?) anyway.
The frame is made by a builder from New Zealand called Pearson, probably in the early 90's. I already contacted Graeme Pearson from Pearson Composites in New Zealand, but he didn't build it: "No, luckily I didn't make that. I think some guy in the south island was making those and mtb's years back." Above the 'Weka' decal it says 'road series' so I am not sure if this frame was actually meant to be built up as a time trial bike. The design seems to be inspired by early mountain bikes.The frame is red anodized, which explains why the welds look rather ugly.
Wheels are 'Elite-Shape' which I believe was a Russian (USSR) company that also made kevlar disc wheels. The wheels look quite fascinating and have seen very little use.
I took the bike apart today and after that I shot a couple of pictures of the frame itself (with the original fork) and with different wheel configurations (box section tubulars, Elite-Shape 5-spoke wheels and Elite-Shape + Juna Moscow disc wheel). What do you think?
You can find more pictures on my Flickr page: http://www.flickr.com/photos/quality_vintage_bikes/sets/72157633951050993/