World Am Subsidiary, Isotec -- Establishes New Division
WESTMINSTER, Colo., Aug 14, 2003 (BUSINESS WIRE) --
World Am Communications, Inc. (OTCBB:WLDI) (www.world-am.com), whose wholly owned subsidiary, Isotec, Inc. (www.isotecinc.com), conceives, develops and markets state-of-the-art security systems, announced today that Isotec has established a new division to service its current and future commercial clients.
Isotec's CMD, Custom Manufacturing Division, will offer state-of-the-art design and manufacturing services to clients for their facilities utilizing customized Isotec products integrated with other security measures.
Isotec is also pleased to announce they have moved into their new fully operational manufacturing facility. The final phase of implementation of their new manufacturing software will begin within the next few days.
World Am is also pleased to announce the signing of Mitchell Vince to the position of CEO & President of Isotec Inc.
Jim Alexander, CEO of World AM says: "During the past 10 weeks, Mr. Vince has helped us tremendously. He and the Isotec team are transforming Isotec into a more complete manufacturing company that will enable us to quote on larger orders and expand into new markets in the very near future."
Mitchell Vince, 36, brings over 10 years of experience in helping small companies expand into new markets while controlling their internal costs and maximizing their return on investment. Mr. Vince attended the University of Kansas and has served as Sales Manager, Operations Manager and President of different manufacturing and distribution companies during the last 15 years. He brings to Isotec Inc. extensive knowledge, experience and contacts in the electronics industry, all branches of the U.S. Military, various government Departments including the FAA, GSA, Department of Commerce and USPS.
Isotec is best known in the security industry for its "Transparent Security(TM)" systems, which it conceived and developed
Transparent Security is a registered trademark of Isotec, Inc. All other company or product names are registered trademarks or trademarks of their respective owners.
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.
SOURCE: World Am Communications, Inc.
World Am Communications, Inc., Westminster, Colorado
Investor Relations, 303-452-0022
worldamir@netzero.com
