NEWPORT BEACH, Calif., Aug. 2, 2006 (PRIMEZONE) -- World Am, Inc. today reported that it has appointed Corbin & Company, LLP, formerly Corbin & Wertz, as its new accounting firm. It replaced L. L. Bradford & Company.
World Am said the former accounting firm's opinions did not contain an adverse opinion or a disclaimer of opinion, and was not qualified as to uncertainty, audit scope, or accounting principles but was modified as to a going concern.
The Orange County Business Journal ranks Irvine, California-based Corbin & Company among the top 25 accounting and auditing firms in the county. The Public Accounting Report, a nationwide independent newsletter covering the accounting industry, last year ranked Corbin & Company among the top 50 practicing SEC firms in the United States.
"We are delighted to have Corbin & Company working with us," said World Am Chairman & CEO Robert A. Hovee. He noted the company has been serving clients in Orange, Los Angeles and San Diego Counties for more than 20 years. "The firm's extensive audit and accounting experience equips it well to perform audits of publicly held companies like ours, and its proximity to us is an added plus," he observed.
Additional information on the company is available at http://www.world-am.com or http://www.isotecinc.com .
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.