World Am's Isotec Subsidiary Receives First Contract From Domestic Distributor
PrimeZone "PrimeZone "
NEWPORT BEACH, Calif., Nov. 13, 2006 (PRIMEZONE) -- World Am, Inc. (OTCBB:WDAM) today reported that its Isotec, Inc. subsidiary has received its first contract from Advent Automation, a Hanover, Maryland-based firm that joined the company's expanding roster of domestic and overseas distributors several months ago.
The sale is for a weapons control security portal for a bank in Rockville, Maryland for delivery in 30 days. Isotec said it was able to able to secure the order because of its ability to customize the portal and expedite the delivery.
"We are pleased to receive this initial order from Advent Automation," said Isotec President Ken Jochim. "Advent Automation has been a full service provider of equipment and services to financial institutions and financial equipment providers since 1994. It delivers advanced hardware and cost effective solutions, which now include Isotec's state-of-the-art security products.
"We anticipate additional representative appointments in the months ahead as we look to further position Isotec products both domestically and internationally," said Mr. Jochim.
In the past five months, Isotec has entered into seven new distributorship agreements in the United States and abroad. In May, the company announced a distributorship agreement with ARIBA Celcom LLC, based in Dubai, to market Isotec systems throughout the United Arab Emirates. In July, Isotec reported it had entered into two new domestic distributorship agreements with Colorado-based Automatic-Access, Inc. and Maryland-based Advent Automation, Inc. A month later, the company reported new distribution agreements with Baidaq Security Systems, covering Jordan and Iraq, and Initial Security Systems, covering Saudi Arabia. In October, Isotec signed a distributorship agreement with Singapore-based Chemical Specialties & Logistics Pte Ltd (Chemspec). Later that month, the company appointed a Greek security products distributor based in Athens, CH.THEODOSSIS S.A., to represent its product offerings in that country.
Isotec develops, integrates and supplies passage control security products broadly categorized as Access Control, Weapons Control, or Materials Control Systems that rigorously control entry or exit of people and materials into and/or out of a facility, while reducing the need for security personnel. Applications of the technology have been delivered to the commercial, retail and government sectors. Isotec's experience in this field allows it to provide high quality, code compliant, application-optimized solutions at the lowest cost in the shortest timeframe.
World Am's other wholly owned subsidiary is Senz-It, whose planned product line represents an innovative advancement in the field of micro-sensors that have applications in homeland security, indoor air quality monitoring, food processing and health care. The products are intended to compete in the developing field of "electronic noses," and are intended to identify patterns of molecules present in air or liquid environments for significantly less cost than current approaches.
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