NEWPORT BEACH, Calif., Nov. 20, 2008 (GLOBE NEWSWIRE) -- World Am, Inc. (OTCBB:WOAME) today reported that its wholly-owned subsidiary, Isotec, Inc., has been awarded a substantial contract from the U.S. Department of Energy for work to be performed this year. Related follow-on work in 2009 is anticipated to generate additional revenues. Isotec's 2008 operating year is currently running at record levels, and should more than double last year's revenues. Building on this momentum, Isotec is poised for further growth in the year ahead that could generate another year of record sales.
"Isotec's systems expertise has changed the way people are thinking about security for their industrial and governmental environments," said Isotec's President, Ken Jochim. "This particular project capitalizes on our unique ability to provide centralized management and control from multiple locations for a network of automated security portals. Increasingly, we are protecting the most secure facilities worldwide."
"We are gratified by this contract as it is yet another in a series of successful validations from a very important customer, and because it allows us to incorporate many different aspects of perimeter security, from x-ray scanners, to cameras, secure portals, and a wide range of detectors," said Dr. C. Robert Kline, World Am's Chairman & CEO.
"With management-based systems," Dr. Kline pointed out, "the underlying architecture is central to the strategy. Isotec enables the customized creation of systems that provide greater flexibility, aggregate more and better data more quickly, and reduce the cost of extending or modifying security requirements."
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.