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I know some of this is standard, but to this extent??
Risk Factors in Connection with Plan of Operation.
An investment in the Registrant is subject to a number of risks. Among these risks are the following:
(a) Registrant Has Had Limited Revenue, and Has Had Losses Since Inception and Expects Such Losses to Continue for the Foreseeable Future.
The Registrant has had limited revenue during the last two fiscal years, none in the fiscal year ended December 31, 1999, $65,201 in the fiscal year ended December 31, 2000, and $251,716 in the nine months ended September 30, 2001. However, the Registrant has incurred significant operating losses, including a net loss of $137,696 in fiscal 1999, a net loss of $487,710 in fiscal 2000, and a net loss of $237,048 for the nine months ended September 30, 2001. At December 31, 2000, the Registrant had an accumulated deficit of $1,986,419; $2,223,467 as of September 30, 2001.
The future growth and profitability of the Registrant will be principally dependent upon its ability to successfully market its products. Accordingly, the Registrant's prospects must be considered in light of the risks, expenses and difficulties frequently encountered in connection with the establishment of a new business in a highly competitive industry, characterized by new product introductions. The Registrant anticipates that it will incur substantial operating expenses in connection with the research, development, and testing of its products and expects these expenses to result in continuing and significant losses until such time as the Registrant is able to achieve adequate revenue levels. There can be no assurance that the Registrant will be able to significantly increase revenues or achieve profitable operations.
As a result of the fixed nature of many of the Registrant's expenses, the Registrant may be unable to adjust spending in a timely manner to compensate for any unexpected delays in the development and marketing of the Registrant's products or any capital raising or revenue shortfall. Any such delays or shortfalls will have an immediate adverse impact on the Registrant's business, operations and financial condition.
(b) Registrant Will Need Additional Financing to Implement its Business Plan and Such Financing May Be Unavailable or Too Costly.
The Registrant has sufficient cash flow to meet its operating requirements through 2001, but there can be no assurance the Registrant will continue to meet its cash requirements. However, the current funds available to the Registrant, and the revenues generated by the company, will not be adequate for it to be competitive in the areas in which it intends to operate, and may not be adequate for the Registrant to survive. Therefore, the Registrant will need to raise additional funds in order to fully implement its business plan (up to $1,000,000 over the next twelve months); this will enable the company, among other things, to hire an additional three employees. The Registrant's continued operations therefore will depend upon its ability to raise additional funds through bank borrowings, equity or debt financing. There is no assurance that the Registrant will be able to obtain additional funding when needed, or that such funding, if available, can be obtained on terms acceptable to the Registrant. If the Registrant cannot obtain needed funds, it may be forced to curtail or cease its activities. If additional shares were issued to obtain financing, current shareholders may suffer a dilution on their percentage of stock ownership in the Registrant.
(c) There Can Be No Assurance that the Marketplace Will Accept and Utilize Products that May Be Developed by Registrant.
There can be no assurance that any products successfully developed by the Registrant will ever achieve significant market acceptance. The Registrant's products compete with a number of products manufactured and marketed by major e-commerce and technology companies, as well as new products currently under development by such companies and others. The degree of market acceptance of any products developed by the Registrant will depend on a number of factors, including the establishment and demonstration of the efficacy of the product candidates, their potential advantage over alternative methods and reimbursement policies of government and third party payors. There can be no assurance that the marketplace in general will accept and utilize any products that may be developed by the Registrant or its corporate collaborators. If not accepted, an investor's entire investment maybe lost.
(d) Production of Products May be Affected by Ability to Secure Necessary Materials.
The Registrant's success is dependant upon being able to secure the materials necessary to quickly and efficiently produce the products that the Registrant offers to the public. Production is also dependant upon the Registrant continuing to employ individuals to assist in the manufacture of the products. The Registrant cannot guarantee that the Registrant will be able to obtain the materials necessary to produce the Registrant's products, nor can the Registrant guarantee that it will be able to retain the employees that it currently employs to continue to manufacture the Registrant's products. Failure in either respect could be detrimental to the Registrant's success.
(e) Process of Government Approval of Products May Slow Sales.
The Registrant's success is dependant upon being able to secure government approval for the products that the Registrant manufactures and installs in facilities. Many of the clients of the Registrant are governmental entities and future regulation may deem the products that the Registrant manufactures obsolete or ineffective. Failure to obtain government approval for the Registrant's products could be detrimental to the Registrant's success.
The Registrant is also subject to numerous federal, state and local laws, regulations and recommendations relating to safe working conditions, manufacturing practices, research and development activities. The Registrant is unable to predict the extent of government regulations which might have an adverse effect on the discovery, development, production and marketing of the Registrant's products. Also, there can be no assurance that the Registrant will not be required to incur significant costs to comply with current or future laws or regulations or that the Registrant will not be adversely affected by the cost of such compliance.
(f) No Assurance of Protection of Proprietary Information May Affect Ability to Compete.
Certain of the Registrant's know-how and proprietary technology may not be patentable. To protect its rights, the Registrant requires management personnel, employees, consultants, and advisors to enter into confidentiality agreements. There is no assurance, however, that these agreements will provide meaningful protection for the Registrant's trade secrets, know-how or other proprietary information in the event of any unauthorized use or disclosure.
(g) Competition May Affect the Ability to Attract and Retain Customers.
There are inherent difficulties for any new company seeking to enter an established field. The Registrant may experience substantial competition in its efforts to locate and attract customers for its services. Many competitors in the Registrant's field have greater experience, resources, and managerial capabilities than the Registrant and may be in a better position than the Registrant to attract such customers. There are a number of larger companies which may directly compete with the Registrant. Such competition could have a material adverse effect on the Registrant' profitability or viability.
(h) Influence of Other External Factors May Affect Registrant's Ability to Survive.
The security industry in general is a speculative venture necessarily involving some substantial risk. There is no certainty that the expenditures to be made by the Registrant will result in a commercially profitable business. The marketability of its services will be affected by numerous factors beyond the control of the Registrant. These factors include market fluctuations, and the general state of the economy (including the rate of inflation and local economic conditions), which can affect peoples' discretionary spending. Factors which leave less money in the hands of potential customers of the Registrant will likely have an adverse affect on the Registrant. The exact effect of these factors cannot be accurately predicted, but the combination of these factors may result in the Registrant not receiving an adequate, or any, return on invested capital.
(i) Control of Registrant by Officers and Directors Leave Other Shareholders with Less Control Over Registrant Matters.
The Registrant's officers and directors beneficially own approximately 56% of the outstanding shares of the Registrant's common stock. As a result, such persons, acting together, have the ability to exercise influence over all matters requiring stockholder approval. Accordingly, it may be difficult for the investors hereunder to effectuate control over the affairs of the Registrant. Therefore, it should be assumed that the officers, directors, and principal common shareholders who control the majority of voting rights will be able, by virtue of their stock holdings, to control the affairs and policies of the Registrant.
(j) Loss of Any Key Personnel May Affect the Ability of Registrant to Operate.
The Registrant is dependent upon a relatively small number of key management personnel and key employees and the loss of any of these key management personnel and key employees could have an adverse effect on the Registrant. Competition among technical companies for qualified employees is intense, and the ability to retain and attract qualified individuals is critical to the success of the Registrant. Currently, none of such management personnel has an employment agreement with the Registrant. Therefore, there can be no assurance that the Registrant will be able to attract and retain such individuals currently or in the future on acceptable terms, or at all. In addition, the Registrant does not maintain "key person" life insurance on any officer, employee or consultant of the Registrant.
In addition, all decisions with respect to the management of the Registrant will be made exclusively by the officers and directors of the Registrant. Investors will only have rights associated with shareholder ownership interest rights to make decisions which effect the Registrant. The success of the Registrant, to a large extent, will depend on the quality of the directors and officers of the Registrant. Accordingly, no person should invest in the shares unless he is willing to entrust all aspects of the management of the Registrant to the officers and directors.
(k) Growth of Registrant Could Affect Management's Ability to Control Registrant.
The Registrant's future growth, if any, may cause a significant strain on its management, operational, financial and other resources. The Registrant's ability to manage its growth effectively will require it to implement and improve its operational, financial, manufacturing and management information systems and to expand, train, manage and motivate its employees. These demands may require the addition of new management personnel and the development of additional expertise by management. Any increase in resources devoted to research, product development and marketing and sales efforts without a corresponding increase in The Registrant's operational, financial, manufacturing and management information systems could have a material adverse effect on the Registrant's business, financial condition, and results of operations.
(l) Limitations on Liability, and Indemnification, of Directors and Officers May Result in Financial Outlays by Registrant.
The Florida Statutes provide for permissive indemnification of officers and directors and the Registrant may provide indemnification under such provisions. Any limitation on the liability of any director, or indemnification of directors, officer, or employees, could result in substantial expenditures being made by the Registrant in covering any liability of such persons or in indemnifying them.
(m) Potential Conflicts of Interest May Arise With Regard to Other Business Activities of the Directors.
The directors of the Registrant have other business interests to which they devote time. As a result, certain conflicts of interest may arise between the Registrant and the directors which might not be susceptible to resolution. Any potential conflicts of interest will be resolved through exercise by the directors of such judgment as is consistent with their fiduciary duties to the Registrant. It is the intention of management, so as to minimize any potential conflicts of interest, to present first to the board of directors of the Registrant, any proposed investments for its evaluation.
(n) Lack of Cumulative Voting Will Affect a Shareholder's Ability to Elect a Board Member.
Holders of the shares are not entitled to accumulate their votes for the election of directors or otherwise. Accordingly, the holders of a majority of the shares present at a meeting of shareholders will be able to elect all of the directors of the Registrant, and the minority shareholders will not be able to elect a representative to the Registrant's board of directors.
(o) Absence of Cash Dividends May Affect a Shareholder's Return on His Investment.
The board of directors does not anticipate paying cash dividends on the shares for the foreseeable future and intends to retain any future earnings to finance the growth of the Registrant's business. Payment of dividends, if any, will depend, among other factors, on earnings, capital requirements, and the general operating and financial condition of the Registrant, and will be subject to legal limitations on the payment of dividends out of paid-in capital.
(p) Risk of Low Priced Securities May Affect the Liquidity of Registrant's Stock.
The Registrant's common stock is subject to the low-priced security or so called "penny stock" rules that impose additional sales practice requirements on broker-dealers who sell such securities. The Securities Enforcement and Penny Stock Reform Act of 1990 requires additional disclosure in connection with any trades involving a stock defined as a penny stock (generally, according to recent regulations adopted by the U.S. Securities and Exchange Commission, any equity security that has a market price of less than $5.00 per share, subject to certain exceptions), including the delivery, prior to any penny stock transaction, of a disclosure schedule explaining the penny stock market and the risks associated therewith. The regulations governing low-priced or penny stocks sometimes limit the ability of broker- dealers to sell the Registrant's common stock and thus, ultimately, the ability of the investors to sell their securities in the secondary market.
(q) Because of a Limited Public Market for Registrant's Securities, an Investor May Not Be Able to Liquidate the Shares Readily or at All.
Prior to this offering, there has been only a limited public market for the shares of common stock being offered. Since inception of public trading of the Registrant's common stock on the Pink Sheets LLC in February 2000, there has been only a limited public market for the common stock of the Registrant (the Registrant is currently traded on the Over the Counter Bulletin Board). There can be no assurance that an active trading market will develop or that purchasers of the shares will be able to resell their securities at prices equal to or greater than the respective initial public offering prices.
The market prices for the securities of technology companies have historically been highly volatile. The market has from time to time experienced significant price and volume fluctuations that are unrelated to the operating performance of any particular company. The market price of the shares may be affected significantly by factors such as announcements by the Registrant or its competitors, variations in the Registrant's results of operations, and market conditions in the retail, electron commerce, and internet industries in general. The market price may also be affected by movements in prices of stock in general. As a result of these factors, purchasers of the shares offered hereby may not be able to liquidate an investment in the shares readily or at all.
(r) Failure to Maintain Market Makers by Registrant Could Affect the Stock's Liquidity.
If the Registrant is unable to maintain at least one National Association of Securities Dealers, Inc. member broker/dealers as a market maker, the liquidity of the common stock could be impaired, not only in the number of shares of common stock which could be bought and sold, but also through possible delays in the timing of transactions, and lower prices for the common stock than might otherwise prevail. Furthermore, the lack of market makers could result in persons being unable to buy or sell shares of the common stock on any secondary market. There can be no assurance the Registrant will be able to maintain such market makers.
(s) Shares Eligible For Future Sale May Result in Dilution to Other Shareholders.
All of the approximate 13,000,000 shares of common stock which are currently held, directly or indirectly, by management have been issued in reliance on the private placement exemption under the Securities Act of 1933. Such shares will not be available for sale in the open market without separate registration except in reliance upon Rule 144 under the Securities Act of 1933. In general, under Rule 144 a person (or persons whose shares are aggregated) who has beneficially owned shares acquired in a non-public transaction for at least one year, including persons who may be deemed affiliates of the Registrant (as that term is defined under that rule) would be entitled to sell within any three-month period a number of shares that does not exceed the greater of 1% of the then outstanding shares of common stock, or the average weekly reported trading volume during the four calendar weeks preceding such sale, provided that certain current public information is then available. If a substantial number of the shares owned by these shareholders were sold pursuant to Rule 144 or a registered offering, the market price of the common stock could be adversely affected.
Forward Looking Statements.
The foregoing Plan of Operation contains "forward looking statements" within the meaning of Rule 175 under the Securities Act of 1933, as amended, and Rule 3b-6 under the Securities Act of 1934, as amended, including statements regarding, among other items, the Registrant's business strategies, continued growth in the Registrant's markets, projections, and anticipated trends in the Registrant's business and the industry in which it operates. The words "believe," "expect," "anticipate," "intends," "forecast," "project," and similar expressions identify forward-looking statements. These forward- looking statements are based largely on the Registrant's expectations and are subject to a number of risks and uncertainties, certain of which are beyond the Registrant's control. The Registrant cautions that these statements are further qualified by important factors that could cause actual results to differ materially from those in the forward looking statements, including, among others, the following: reduced or lack of increase in demand for the Registrant's products, competitive pricing pressures, changes in the market price of ingredients used in the Registrant's products and the level of expenses incurred in the Registrant's operations. In light of these risks and uncertainties, there can be no assurance that the forward- looking information contained herein will in fact transpire or prove to be accurate. The Registrant disclaims any intent or obligation to update "forward looking statements."
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Recent filings: Aug 14, 2001 (Qtrly Rpt) / Nov 16, 2001 (Qtrly Rpt) / Apr 16, 2002 (Annual Rpt) / May 14, 2002 (Qtrly Rpt)
More filings for WLDI.OB available from EDGAR Online / Get a Free Trial to EDGAR Online Premium
EDGAR Online: Research People in this company / Full text Search
http://biz.yahoo.com/e/011116/wldi.ob.html
Rick...
Scammers,,It time for the walk.,,
Report scum,err scams here.#board-610
Net-interview, I haven't heard it till now, so here ya go,Have to sign up, but free......
Go down to OTC stocks, left towards the bottom........
It has todays date at the top of the list, Don't know if the interview was today or what..
World-Am is the name on it........
http://www.wallst.net/
Rick...
Scammers,,It time for the walk.,,
Report scum,err scams here.#board-610
I wonder how many of these are bullchit then??
58 article(s) related to: "World AM Communications, Inc."
World Am Communications, Inc. Decides Not to Proceed With Acquisition of Medical Device Group.
Business Editors
From Business Wire, August 28 2002
Page(s): 2
World Am Communications, Inc. Signs Master Distributor Agreement with Spectrum Security Services International, L.L.C.
Business Editors
From Business Wire, August 22 2002
Page(s): 1
World Am Communications, Inc. Signs Master Distributor Agreement with Spectrum Security Services International, L.L.C.
Business Editors
From Business Wire, August 22 2002
Page(s): 1
World Am Communications, Inc. Receives Repeat Order from West Coast Financial Institution.
Business Editors
From Business Wire, July 23 2002
Page(s): 1
World Am Communications, Inc.'s Subsidiary Isotec Receives Order for Its Security Control System for a Federal Agency.
Business Editors
From Business Wire, July 15 2002
Page(s): 1
World Am Communications, Inc.'s Subsidiary Isotec Receives Order for Its Security Control System In California.
Business Editors
From Business Wire, July 12 2002
Page(s): 1
World Am Communications, Inc. Delivers Security Control System to Hamilton Pacific, its New West Coast Master Distributor, for Installation in Major Financial...
Business Editors
From Business Wire, November 29 2001
Page(s): 1
World Am Communications, Inc. Signs Dealer Agreement with ISTC.
Business Editors
From Business Wire, October 31 2001
Page(s): 1
World Am Communications, Inc. Delivers Two Access Control Systems to The Gold & Diamond Source.
Business Editors
From Business Wire, October 23 2001
Page(s): 1
World Am Communications, Inc. Delivers Two Access Control Systems for Department of Energy Facility.
Business Editors
From Business Wire, October 11 2001
Page(s): 1
Page: 1 2 3 4 5 6 / Next 10
http://www.findarticles.com/cf_0/PI/search.jhtml?magR=all+magazines&key=%22World+AM+Communicatio...
Rick...
Scammers,,It time for the walk.,,
Report scum,err scams here.#board-610
What ever happened with this one???
Stockprowler’s pick this week…
World Am Communications, Inc. (OTCBB: WLDI)
Corporate Web Site: http://www.isotecinc.com/
Shares Outstanding: 17.2 million
Public Float: 7.6 million
Insider Ownership: 56%
Institutional Ownership: none
Market Capitalization: $0.86 million
Closing Price Friday 6/01/01: 5 cents
Our pick this week comes to us by way of the above mentioned MJXC. On May 10, the Majestic Companies, Ltd. (OTCBB: MJXC) announced the signing of a 5 year exclusive agreement with Isotec, Inc. to market their line of surveillance, weapons control, and security systems to schools nationwide. Isotec, Inc. http://www.isotecinc.com/ is a wholly owned subsidiary of World AM Communications, Inc. (OTCBB: WLDI). Isotec specializes in the design and manufacture of state-of-the-art Transparent Security™ surveillance and weapons control systems that are non-obvious and non-obtrusive to those being monitored. Security systems designed by Isotec, Inc. and/or the company's technology team over the past twenty years have been utilized to secure sensitive areas and provide weapon and passage control to some of the most sensitive government, military and commercial sites in the U.S. This list of commercial users includes among others: Lawrence Livermore Labs, Sandia and Los Alamos Laboratories, Cape Canaveral and Vandenberg Air Force Bases, General Electric, Boeing, Mellon Bank, Wells Fargo Bank, and Rockwell International.
Dr. Steven D. Rosenthal, President of The Majestic Companies, Ltd. stated, “We are involved with school safety in our present line of transportation products on a daily basis, so we are cognizant of the fact that school officials are starting to explore their options in controlling and preventing weapons from getting onto their campuses. Isotec has developed a comprehensive line of Transparent Security™ products that allow school administrators to more closely monitor what is actually being brought into their schools in a way that is non-obtrusive to their students. Metal detectors are already being used in a number of schools in this country, and as long as senseless acts of violence continue to occur on America's campuses, we believe that more school officials will be looking to add weapons detection and control systems to help safeguard their kids from these terrible tragedies. We believe the addition of Isotec, Inc.'s line of products is a good fit for Majestic as it allows the company to leverage its existing contacts and marketing channel within the educational system.”
On May 7, 2001 World Am Communications, Inc. announced that Isotec, Inc., its wholly owned subsidiary, has received orders for the first two systems from ADI, a division of Pittway Corporation, a New York Stock Exchange listed company with annual sales exceeding $1 billion. ADI is a leading distributor of security and home automation products. a division of Pittway Corporation -- a New York Stock Exchange-listed company with annual sales exceeding $1 billion. ADI is a leading distributor of security and home automation products. The proposal for this order is based upon a commitment to order a total of 30 systems.
The wide range of security products… http://www.isotecinc.com/products.htm and the impressive client list as mentioned previously and others… http://www.isotecinc.com/clientlist.htm make Isotec Inc. (WLDI) a very attractive speculation. The stock, even at 5 cents, is high risk given that this is a development stage company. Isotec, Inc. was, until February 2000, a privately held company that had self financed its development with minimal outside investment. In an effort to grow in the national and international marketplace, as well as to expand its product line in state-of-the-art optical and beam technologies, Isotec agreed to an acquisitions/merger with World Am Communications, Inc., a publicly traded shell as a method of raising much needed capitalization. Stockprowler.com views WLDI as a potentially high reward opportunity to cash in on what will be a very lucrative market for companies that can offer premier security and surveillance products in a very unsafe world. WLDI closed Friday at 5 cents on volume of 51,900 shares… an undiscovered gem.
Stockprowler.com does not receive compensation from companies profiled or from third parties associated with the companies profiled. Readers are urged to read the company SEC filings."
...reprinted from Stockprowler.com article dated 6-3-2001
Rick...
Scammers,,It time for the walk.,,
Report scum,err scams here.#board-610
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