WLDI news...
Monday May 7, 11:49 am Eastern Time
Press Release
World Am Communications, Inc. Receives First System Orders From ADI
WESTMINSTER, Colo.--(BUSINESS WIRE)--May 7, 2001--World Am Communications, Inc. (OTCBB:WLDI - news) announced that Isotec, Inc., its wholly owned subsidiary, has received orders for the first two systems from ADI.
The proposal that generated this order is based upon a commitment to order a total of 30 systems.
ADI is 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. Products range from professional security systems and advanced access control to powerful PC-based Closed Circuit Television and state-of-the-art central station monitoring equipment, and are designed to deliver the highest measure of quality, reliability and system-wide flexibility.
Isotec (www.isotecinc.com) is a designer, manufacturer and distributor of both standard and customized Automated Passage Control (APC) systems that are used to monitor and control access to a variety of buildings and other spaces that require controlled access. Examples are public buildings such as courthouses, airports & schools. Such systems are also employed in industrial, retail and military applications. Isotec also manufactures for Original Equipment Markets (OEMs). The company develops security devices for APC systems, surveillance and sub-miniature computer integrated digital video equipment. Isotec also markets components manufactured by others that may be used to integrate with other systems or as repair modules or even as stand-alone security measures such as metal detectors or asset tracking devices.
Isotec is a developer of the ``Transparent Security(TM)'' concept. ``Transparent Security(TM)'' means any security measure that is unobtrusive and not noticed by those being monitored. For example, a metal detection system mounted in ordinary appearing door moulding that is used to detect persons carrying weapons into a building, thereby alerting appropriate security personnel, and optionally to record a photo or video of the event while allowing security personnel an opportunity to evaluate and take appropriate action before the person carrying the unauthorized weapon is alerted to the fact they have been detected.
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.
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Contact:
World Am Communications, Inc., Westminster
James H. Alexander, 303/452-0022
