Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (44103)	4/19/2000 3:28:00 PM
From: StocksDATsoar	Read Replies (1) \| Respond to of 150070

Wednesday April 19, 2:39 pm Eastern Time Company Press Release SOURCE: Isotec Isotec (WLDC) Announces Letter of Intent From Major Government Systems Integrator WESTMINSTER, Colo., April 19 /PRNewswire/ -- Isotec, the wholly owned subsidiary of World Am Communications, Inc. (OTC Bulletin Board: WLDC - news), announced today that it has reached agreement in principal and received a firm letter of intent from Engineering and Professional Services Incorporated (EPS) to enter into a OEM (Private Label) Agreement for Isotec's Weapons/Passage Control Systems. In addition, EPS will execute a Sales Representative Agreement with Isotec for the products distributed by its wholly owned subsidiary, Technology Development International (TDI). Founded in 1983, EPS is engaged primarily in business with federal and state governments, i.e., Dept. of State, CIA, NSA and Military. The company is a system integrator in the areas of software/systems engineering, logistics, intrusion detection systems, secure portal systems, telephone, video network systems, network solutions and electronic monitoring. EPS has grown to 230 employees with offices located in Tinton Falls, NJ; Fairfax, VA; Fayetteville, NC; Augusta, GA; and Mannheim, Germany. EPS will provide sales of Isotec designed products through several Government contract vehicles. They presently hold a General Services Administration (GSA) wire and cable services (WACS) contract which has a ceiling of $2.6 billion and a basic ordering agreement (BOA) with a contract ceiling of $320 Million. There are several other contracts and GSA Schedules in which to apply Isotec products. ``The establishment of this business relationship with a major government system integrator and GSA contractor,' according to Isotec president Jim Alexander, ``will provide immediate access to several growing yet hard to access government marketplaces.' Safe Harbor For Forward-Looking Statements: Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition and risk inherent in the companies operations. You can identify these statements by the fact that they do not relate strictly to historical or current facts. They use words such as ``anticipate,' ``estimate,' ``expect,' ``project,' ``intend,' ``plan,' ``feel,' ``think,' ``hear,' ``guess,' ``believe,' and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. SOURCE: Isotec -------------------------------------------------------------------------------- More Quotes and News: World-Am Communications Inc (OTC BB:WLDC.OB - news) Related News Categories: aerospace/defense, computers --------------------------------------------------------------------------------