www.MarketGainer.com: Market Gainers issues Trading Alert for shareholders of World Am Inc
Aug 17, 2005 (M2 PRESSWIRE via COMTEX) -- MarketGainer.com strives to find dynamic issues that are unknown but because of their technology, approach, executive team, recent discoveries or other key factors, could advance in the market.
MarketGainer.com has identified the following company based on these criteria.
World Am Inc (OTCBB:WDAM) through its wholly owned subsidiary, Isotec, Inc., engages in the development, manufacture, and distribution of automated passage control and security devices.
World Am Inc, shot out of the box today up nearly 25% on above average volume of 2.75 million. This company which has been rolling down a steep hill over the year needs a few more of these big gains.
Last week the company provided an update and amplification of the earlier announced execution of a definitive agreement for the acquisition of Senz-It, Inc, originally announced June 15th.
Senz-It intends to exercise the option it holds to enter into an exclusive, royalty-bearing license with SUNY Buffalo. The option covers patents that will enable Senz-It to develop technology that takes an entirely new approach to sensing, process monitoring, homeland security and environmental scanning applications. The option provides, among other things, that SUNY Buffalo will not enter into an option or license with any other party during the six-month term of the option.
Senz-It envisions products that will enable an entirely new approach to sensing, process monitoring, homeland security and environmental scanning applications. Their technology is significantly less expensive, less intrusive, more compact and more economical in terms of capital outlay and operations than current approaches. This company's products are an example of the rapidly developing field of "electronic noses" in which combinations of individual sensors, joined to sophisticated computer analyses, can identify patterns of molecules present in air or liquid environments. The technology exceeds the capacities of single-purpose sensors. These are smart technologies that can "learn" and become more accurate in their operating environment.
World Am is excited that this technology being developed at SUNY Buffalo will have applications that could potentially extend beyond the surveillance and detection needs of security to air quality, health science and medical, as well as possible uses in food quality monitoring and other vertical markets.
If world Am acquires Senz'It taking on the rights to this new technology, shares could really begin to move if they launch this new technology in a timely manner and it turns out to be all that they claim its cracked up to be.
Upon preliminary due-diligence World Am Inc holds many of the qualities that the M.G research team looks for the deeming a company undervalued. Our due-diligence process will continue over the ensuing weeks to further evaluate the sentiment of their market and to see how they will continue their forward momentum.
WORLD AM, INC. files Form NT 10-Q, Notification of Late Filing
"The Company expects to report a smaller loss in its results of operations for the quarter ended June 30, 2005 than it did in the quarter ended June 30, 2004, primarily due to an increase in revenue and a decrease in expenses. Because of the complexities involved in the consolidation of the Company's accounts, it is impractical to provide accurate estimates of the loss, revenue and expenses at this time."
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posted
Don't know. I just saw a volume spike. That's all I look for. Usually when there is higher than average volume something is up. This wasn't a HUGE volume spike, but it was enough to get my attention.
Volume: Today - 2708699
5-Day 1893900 20-Day 1981370
PPS:
5-Day High 0.0115 on 08/22/05 5-Day Low 0.0070 on 08/25/05 20-Day High 0.0240 on 08/04/05 260-Day Low .0070 on 6/17/05 and 8/25/05 260-Day High 0.1150 on 04/27/05
It's worth watching, another 3M+ volume day will let you know something is going on. Maybe news is on its way. I have no idea, just saw the spike. The experts have to read the charts and the stars and the rest of the good stuff, I'm not smart enough to know.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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