NEWPORT BEACH, Calif., Feb. 23, 2007 (PRIME NEWSWIRE) -- World Am, Inc. (OTCBB:WDAM) today reported that its wholly owned Isotec, Inc. subsidiary has been awarded another bank security portal contract, this one by InterTECH Security of Maryland, LLC. InterTECH Security of Maryland recently acquired E-Quip LTD, a Maryland-based security services firm that has grown steadily over the past decade by focusing primarily in the financial, retail, correctional facilities, and government markets.
"The real value added part of this assignment," said Isotec President Ken Jochim, "is that the parent company, InterTECH Security Group, LLC, is a rapidly growing security integration company with offices in western Pennsylvania, West Virginia and Maryland. The combination of these two firms represents additional markets and potential business opportunities for Isotec." He pointed out that InterTECH's revenue grew 30% in 2006.
Since its inception in 2000, Mr. Jochim noted, InterTECH has developed an impressive client list that includes Fortune 500 companies, utility firms, professional sports venues, higher education organizations, pharmaceutical companies, public transportation authorities, and other government agencies.
"InterTECH's success in the fast growing integration market will be enhanced by E-Quip's experience in banking and correctional institutions and the addition of Isotec's products," Mr. Jochim observed. "Conversely, E-Quip's personnel will help grow InterTECH's considerable customer base in the Washington DC area. E-Quip's customers will benefit from a wider variety of product options, more service capabilities, and additional expert personnel in service, installation, and monitoring."
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 on the company is available at http://www.world-am.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.