NEWPORT BEACH, CA--(MARKET WIRE)--Jul 18, 2006 -- Isotec, Inc., a wholly owned subsidiary of World Am, Inc. (OTC BB:WDAM.OB - News), today reported the receipt of a $323,000 second phase contract award from the U.S. Department of Energy to help secure at-risk locations using Isotec-designed Access Control/Weapons Detection systems. The contract calls for two different styles of advanced automated access control and personnel screening systems. These systems include SNM (Special Nuclear Materials) weapons detection capabilities, advanced biometrics, and access control technologies. These systems will be used to monitor and control personnel access into and out of the facility in which they are to be installed. Both systems employ the recently developed, patent pending, Anti-Tailgating System, and a newly developed article transport/video inspection system.
The company believes the latest contract represents the next step in a series of contractual awards on which it is already bidding that it anticipates will, in the aggregate, be worth more than $2.5 million.
"Isotec's technology has received strong and continued interest by potential customers in both the private and public sectors. This heightened awareness comes after an evaluation by a major government contractor reported last October that our technology had successfully met and exceeded the contractor's test standards," said Isotec president Ken Jochim.
"This award underscores Isotec's capabilities to successfully deploy and retrofit projects to upgrade security at some of the nation's most sensitive facilities," said Jochim. "We believe this procurement may lead to additional sales of additional systems for other at-risk government locations."
All other company or product names are registered trademarks or trademarks of their respective owners.
Posts: 1364 | From: Somebody from Europe | Registered: Sep 2005
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Alright this ones about ready to turn, nice news
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liberty where did u hear that?
Posts: 69 | Registered: Jul 2006
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Here you go, they are finally getting their act together!
World Am's Isotec Subsidiary Enters Into International Distributorship Agreement to Market Its State-of-the Art Security Systems in the United Arab Emirates
NEWPORT BEACH, CA, May 31, 2006 (MARKET WIRE via COMTEX) -- World Am, Inc. (OTCBB: WDAM) today reported that its Isotec, Inc. subsidiary has entered into an international distributorship agreement to market its state-of-the-art security systems in the United Arab Emirates.
ARIBA Celcom LLC, based in Dubai, will market Isotec systems throughout the United Arab Emirates, which includes Dubai, Abu Dhabi, Sharjah, Ajman, Umm Al-Quawayn, Ra's Al-Khayman and Al-Fujayrah. The company was originally established to develop a business niche in the rapidly growing radio telecommunication and software security sectors in the Middle East.
ARIBA Celcom LLC now spearheads new business development initiatives and provides consultancy advice on projects such as wireless radio communication, and entry, screening and security solutions for the government, private and public sectors. It also currently represents top Korean and Japanese security related products for synergistic markets.
The management team comprising ARIBA Celcom LLC is an experienced and professional group of managers with many years of marketing, distribution, business development and general management background in the Gulf as well as internationally. The team is led by Aftab Malik, whose business background encompasses more than 30 years of senior management positions in the U.S, Europe, Middle East and Asia Pacific with such companies as Lever Brothers and Warner Lambert/Pfizer. As a board member of a Dubai-based investment firm, he was instrumental in launching several trading businesses in the United Arab Emirates and other Gulf countries.
"We're very excited to have our Isotec team working with Mr. Malik and his very experienced colleagues," said World Am President & CEO Robert A. Hovee. "This is the first step in marketing Isotec products offshore, and we hope to expand that international presence on a continuing basis in the months and years ahead."
"The superior quality of the Isotec product line and its multiple applications suggest to us that security-minded customers in both the private, public and government sectors will recognize the value of placing these systems in use to heighten protection," said Mr. Malik.
Isotec, Inc. is best known in the security industry for its "Transparent Security(TM)" systems, which it conceived and developed. Transparent Security is a registered trademark of Isotec, Inc. All other company or product names are registered trademarks or trademarks of their respective owners.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to those, set forth in the World Am, Inc. Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at www.sec.gov). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
Contact: World Am, Inc. Investor Relations 951-279-8884
Waiting on news of Senz-it option filing re: SUNY Buffalo...and any news of additional sales of security equipment. These guys need to find second gear and get going.
Posts: 333 | From: Washington, DC | Registered: Nov 2005
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