WESTMINSTER, Colo., Aug. 1, 2005 (PRIMEZONE) -- Isotec, Inc., a wholly owned subsidiary of World Am, Inc. (OTCBB:WDAM), today announced the receipt of a contract worth approximately $130,000 from a prime contractor to the U.S. Government.
The contract calls for a pilot system that can be utilized at multiple sites, helping to secure at-risk locations -- specifically the Isotec-designed Access Control/Weapons Detection system.
It employs the newly developed, patent pending, ATG200 Anti-Tailgating System, and is the company's first unit to be included in an Isotec custom designed government procurement.
"We believe this may be the first of several retrofit projects that are being proposed to upgrade security at some of the nation's most sensitive facilities," said Paul Labarile, Isotec's Chief Technical Officer. "We have been working on this for more than a year, including the planning and negotiation stages, and won this award in competition with others.
"Following successful pilot testing, this procurement may lead to additional sales of this system for other at-risk government facilities."
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 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.