NEWPORT BEACH, Calif., March 4, 2008 (PRIME NEWSWIRE) -- Isotec, Inc., a subsidiary of World Am, Inc. (OTCBB:WDAM), today reported that it has signed a distributorship agreement covering 10 Southeastern states with Checkpoint Systems, Inc.'s (NYSE:CKP) subsidiary, Checkpoint Security Systems Group, Inc. Checkpoint Systems, with annual revenues of approximately $700 million, is a leading manufacturer and marketer of identification, tracking, security and merchandising solutions for the retail industry and its supply chain.
Under terms of the agreement, which immediately increases Isotec's distributor presence by nearly 50%, for a current total of 31 distribution points worldwide, Checkpoint Security Systems will begin marketing Isotec's automated security portals in its already established distributorships in Delaware, Maryland, the District of Columbia, Virginia, North Carolina, South Carolina, Alabama, Mississippi and Florida.
"This is an especially big win, and validation, for our company and its technology," said Isotec President Ken Jochim. "It's not every day you can grow your distributorship potential by half with one new agreement. Moreover," Jochim noted, "we hope to further increase that penetration, as Checkpoint Security's mission is to grow its marketplace to a nationwide level over the next several years."
At Checkpoint Systems, Mr. Jochim noted, strategic safety, security and loss prevention programs combine the best of several technologies to help reduce losses from internal and external theft, vandalism, and many other causes.
"Checkpoint's custom-designed systems give retail banking customers the option to arm a perimeter, a stockroom, or a whole facility - whether protecting a single storefront or a national chain. It also can provide specialized products and applications, including perimeter protection, exterior, time-delayed alarms, and access monitoring. That is precisely why we're so pleased to have the superior features of our product line now included in Checkpoint's offerings," the Isotec president said.
About Checkpoint Systems, Inc.
Checkpoint Systems is the leading supplier of shrink management solutions. Checkpoint's global team partners with retailers and their suppliers to fight the $98 billion global retail theft challenge. Leveraging its 40 years of RF technology expertise, expanding shrink management offerings and Check-Net labeling solutions, Checkpoint today has more than one million RF devices installed in stores around the world.
More than 100 billion products to date have been secured by Checkpoint, creating cost-effective deterrence for the retail industry. Checkpoint's highly scalable solutions and systems-integration expertise help a growing community of successful retailers increase revenues and profits, improve supply-chain efficiencies and provide an open-merchandising environment for their consumers. For more information, please visit www.checkpointsystems.com.
About World Am, Inc.
World Am has two operating subsidiaries, Isotec and Senz-It. Isotec solutions provide ``Protection, not just Detection.'' It develops, integrates and supplies Automated Security Portals, broadly categorized as access control, weapons control, or materials control systems that rigorously control entry or exit of people and materials into and/or out of a facility, 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, and are 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 http://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.