NEWPORT BEACH, Calif., March 14, 2007 (PRIME NEWSWIRE) -- World Am, Inc. (OTCBB:WDAM) today reported that its wholly owned subsidiary, Isotec, Inc., has appointed Tech Trend Security, Inc., based in Riverside, Calif., as a distributor.
Tech Trend Security, which has been in business for nine years, provides security solutions primarily to the banking industry in Southern California. Its growth, said Tech Trend Security President Robert Niles, has been in large measure the fact that the highest concentration of banking facilities in the United States are located in the Greater Los Angeles area. Based on the company's success, Tech Trend Security has expanded its operations to Northern California and Las Vegas as well, and is currently setting up operations in Arizona.
"Robert Niles and his team have established a steadily growing record of success, and it is our pleasure to work with them, said Isotec President Ken Jochim. "The market penetration they have made, and are continuing to make, offers Isotec additional potential opportunities for our product offerings."
"Our banking clients have high expectations of customer service, and they receive it through our Isotec certified technicians," said Mr. Niles. "There is great synergy in this alliance and we believe it will prove very beneficial to both our companies."
In the past 11 months, Isotec has entered into 11 new distributorship agreements in the United States and abroad, including the one announced today. Last 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. In December, it reached a distributor agreement with Maryland-based Easter Access & Security Systems, Inc. In January the company named BranchServ a distributor on the East Coast, and in February appointed Securityhunter, Inc. of Baltimore as a distributor in the Greater Washington D. C. market.
World Am has two operating subsidiaries, Isotec and Senz-It. Isotec designs and integrates custom Automated Security Portals that provide access control, weapons control, and materials control security solutions. Automated Security Portals rigorously control entry or exit of people and materials at secure facilities, 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.
Senz-It 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. Its potential products are intended to compete in the developing field of real-time detection and notification devices. Senz-It is being designed to identify patterns of molecules present in liquid, blood and air environments for significantly less cost than current approaches.
Additional information 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 Security Act of 1933 and Rule 3b-6 under the Security 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 Security 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.