NEWPORT BEACH, Calif., Oct. 4, 2006 (PRIMEZONE) -- World Am, Inc. (OTCBB:WDAM) today reported that its Isotec, Inc. subsidiary is continuing to expand its international marketing efforts, and has signed a distributorship agreement with Singapore-based Chemical Specialties & Logistics Pte Ltd (Chemspec). Established in Singapore in 1997, Chemspec is essentially a distribution company with a steadily growing network of partners in the Asian region. It represents some of the world's largest manufacturers in the chemical, electronics and communications industries.
"We are extremely happy to have secured the marketing capabilities of a company like Chemspec," said World Am Chairman and CEO Robert A Hovee. "As the Asian region grows and develops, its needs become more varied and demanding. Chemspec is well poised to market and distribute the latest technology and products to the region, such as Isotec's advanced security products."
"Our range of services also includes consultancy, procurement and sourcing, as well as financial support for our clients," said Chemspec CEO Lie Wan Chin. "We have been representing world-class manufacturers with a high degree of reliability, integrity and professionalism. World Am and Isotec meet those criteria and we are proud to be representing their products."
About Isotec:
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 extensive experience in this field allows it to provide high quality, code compliant, application-optimized solutions at the lowest cost in the shortest timeframe.
Additional information on the company is available at http://www.world-am.com or http://www.isotecinc.com. More on Chemspec can be found at www.chemspec.com.sg.
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.