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World Am`s Isotec Subsidiary Awarded New Contract From Hamilton Pacific Unit of Securitas Security Systems, One of World`s Largest Security Companies
October 19, 2005 10:00:42 (ET)
WESTMINSTER, Colo., Oct 19, 2005 (PRIMEZONE via COMTEX) -- World Am, Inc. (WDAM, Trade) today reported that its wholly owned subsidiary, Isotec, Inc., has been awarded a contract from Hamilton Pacific, L.P., its Pasadena, Calif.-based authorized dealer, for a custom security system for a major California banking institution.
Hamilton Standard has a network of offices serving 22 states. It recently became an operating unit of Sweden's Securitas Security Systems, active in more than 20 countries in Europe and North America, and employing more than 200,000 people. Over the past 15 years, Securitas has grown to be one of the world's largest security companies, with some 8 percent of the total world market.
"We are pleased to be working with Hamilton Pacific and its now global marketing capability through its new parent company," said World Am President & CEO James Alexander. "The system to be installed is essentially the same that recently met and exceeded operating criteria as measured in our role as a subcontractor to a prime government contractor."
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.
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