World Am (WOAM)

Description:

World Am Communications Inc., a Florida corporation, was commenced in February 2000 after the Company, through a stock purchase agreement with Isotec, Inc., acquired all of the outstanding stock of this company. Isotec became the Company's wholly owned subsidiary. The product types manufactured by World Am Communications Inc. are Weapons Control Systems. These systems are fabricated as one or two lane structures with interlocking doors designed to prevent weapons from entering a facility. They incorporate a high strength tubular aluminum structure with heavy-duty narrow stile doors and closer hardware. Magnetic locks, sensors, display and control electronics are incorporated to monitor all interlock functions while a variety of metal detectors can be used to scan for weapons. This product is used for any application requiring weapons monitoring; Passage Control Systems, these systems are fabricated as two door bi-directional structures with interlocking doors designed to prevent unauthorized individuals from entering a facility. These systems incorporate a high strength tubular aluminum structure with heavy-duty narrow stile doors and closer hardware. Locks, sensors, displays and control electronics are incorporated to monitor all interlock functions while a variety of card readers, keypads and or biometric devices can be installed to identify the occupant before passage. This system also has the advantage of incorporating an occupancy weight system thereby allowing one person to pass at a time. This system can be used in any security applications requiring personnel monitoring; Asset Protection Systems, these systems are fabricated as single door passage monitors with two door bi-directional structures with interlocking systems designed to prevent unauthorized assets from entering or leaving a facility. Locks, sensors, displays and control electronics are incorporated to monitor all interlock functions. This system is suited for applications requiring control of company assets; Pedestrian Counters, an inexpensive method of keeping track of the number of individuals pass through your doors can be accomplished with the ISOTEC Pedestrian Counter. Every system has a seven-character display with key lock reset; Site Specific Designs For Any Application; General Purpose Walk-Through Metal Detectors, these uniform sensitivity walk-through metal detectors are perfect for any general-purpose application requiring detection of metal objects regardless of orientation. They are equipped with a patented cross-pulsed magnetic field detection system to provide security plus optimum traffic flow. Applications include Airports, Banks, Public Buildings, Industry, Hospitals, and Casinos; High Sensitivity Walk-Through Metal Detectors, these narrow passage, high sensitivity systems are used where both ferrous and non-ferrous materials are to be detected, such as small knives, razor blades, items made from precious metals and computer chips. The primary strength in Isotec's positioning is that all products developed are sold either commercially through a national dealer network or directly to the end user. The Company had revenues of $654,726 for the fiscal year ended on December 31, 2003. The Company spent $22,500 in 2002 and $30,000 in 2003 on research and development. World Am Communications Inc.