NEWPORT BEACH, Calif. and FARMINGDALE, N.Y., Sept. 13, 2006 (PRIMEZONE) -- World Am, Inc. (OTCBB:WDAM) and International Smart Sourcing, Inc. (OTCBB:ISSG) today jointly announced that the companies had signed a Memorandum of Understanding calling for Farmingdale-based International Smart Sourcing to be responsible for the future manufacturing of Senz-It's product line. ISS will provide final assembly and testing of various subassemblies and associated components, and will work with Senz-It to ensure a smooth transition from the design stage through to the production stage.
Senz-It's planned product line 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. The products will compete in the developing field of "electronic noses," and can identify patterns of molecules present in air or liquid environments for significantly less cost than current approaches.
Founded in 1970, International Smart Sourcing, Inc. specializes in assisting companies in substantially reducing their cost of manufacturing by outsourcing all or part of their manufacturing to China. The company's services include project management, source selection, engineering coordination, quality assurance, logistics, and cost reduction. Product specializations are tooling, injection molding, die-casting, metal stampings, mechanical assemblies, and electromechanical assemblies. The company has offices in New York and Shanghai.
"The wealth of experience ISS brings to this relationship ensures that we will have a well seasoned partner to guide the timely roll out of our products," said World Am Chairman & CEO Robert A. Hovee.
"We are confident that the synergy of a world class manufacturing capability such as ours, and the leading edge innovation represented by World Am's Senz-It subsidiary's planned products, will result in a dynamic partnership for both our companies and our shareholders," said David Hale, Chairman & President of International Smart Sourcing.
Additional information on the companies is available at http://www.world-am.com and at http://www.smart-sourcing.com.
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.