WLDI..Good NEWS out...Chart moving up...
World Am, Inc. Provides Status Update
Business Wire - September 13, 2004 09:30
WESTMINSTER, Colo., Sep 13, 2004 (BUSINESS WIRE) -- World Am, Inc. (OTCBB:WLDI) www.world-am.com, whose wholly owned subsidiary, Isotec, Inc., www.isotecinc.com conceives, develops and markets state-of-the-art security systems, reports on an update of the status of certain operating issues.
James Alexander, CEO stated, "We have a few developments to report. As of September 9, 2004, we have 8 financial institution weapons control systems in production and 6 more in the proposal stage. Our dealers have indicated that they anticipate about 50 to 80 additional systems to be quoted and installed in the coming 12 - 15 months. These proposals represent the greatest level of potential activity we have experienced in the company's history."
Mr. Alexander continued to say, "We also have two retro-fit projects with government agencies that represent orders that have been approved, pending budgets being approved for the projects. We believe they are likely to be realized during 2005."
Mr. Alexander explained, "I am planning to attend a security exhibition in Beijing, China in November of this year. World Am and Comfort Virtue have revised their agreement from a joint venture to a manufacturing and distribution agreement that grants Comfort Virtue a license to manufacture certain Isotec products for distribution and sale in China and for export through World Am to other countries including the United States. We have experienced a learning process involved on both sides. We believe this new working arrangement will bear fruit during the coming year."
Mr. Alexander also stated, "World Am recently reached an agreement with Armor USA that appoints Isotec as a distributor of architectural glass and ballistic glass products in the United States. It allows for sales to both security and construction market channels that we believe will help the company to establish another potential way to build revenues as the company is actively seeking to increase revenues in supplemental product lines. Our goal for the coming year is achieve a net income from operations."
For information on how to order Isotec products please call Isotec at 303-452-0022.
Isotec Inc. is best known in the security industry for its "Transparent Security(TM)" systems, which it conceived and developed.
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 company's 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.
SOURCE: World Am, Inc.
World Am Communications, Inc., Westminster, Colorado
Investor Relations, 303-452-0022
worldamir@netzero.com
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