NEWPORT BEACH, Calif., Aug. 7, 2007 (PRIME NEWSWIRE) -- Isotec, Inc., a subsidiary of World Am, Inc. (OTCBB:WDAM), today reported that it has appointed XTEK LTD, a nearly 30-year-old Australian company with a strong focus on counter-terrorism, as its exclusive distributor of Isotec products in that country.
As Australia's only publicly listed Homeland Security company, XTEK LTD is that country's market leader in the provision of security equipment, security training and related services.
XTEK LTD provides high-quality, high-end security equipment and services to those government and corporate organizations charged with protecting the well being of its nation. This is achieved by the local manufacture and importing of high quality security, bomb disposal, search chemical, biological, radiological and nuclear detection, decontamination, forensic diagnostic and screening equipment for sale to government and law enforcement agencies, as well as the Armed Forces. In addition, XTEK LTD provides specialist weapons and ammunition for counter-terrorist activities.
"We could not be more proud than to enter into this distribution agreement with a company so experienced and dedicated to its work," said Isotec President Ken Jochim. "Our hope is that XTEK will become one of our most important distributors of Isotec products, given the broad scope of its mission throughout Australia in both the private and public sectors."
"We are most impressed by the creative applications of the Isotec team, and their ability to custom build whatever their automated security portals are designed for, whether it be access, weapons or material controls," said XTEK CEO David Jarvis. "We believe the strong similarity of our goals will be mutually beneficial as we move forward."
XTEK LTD trades on the Australian Stock Exchange with the symbol (ASX:XTE). The company's website is http://www.xtek.net.
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 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.