SOURCE: World Am, Inc.

February 21, 2006 10:00 ET

World Am Names Director David J. Barnes Its Chief Financial Officer

NEWPORT BEACH, CA -- (MARKET WIRE) -- February 21, 2006 -- World Am, Inc. (OTC BB: WDAM) today announced that David J. Barnes, a director of the company, has been appointed Chief Financial Officer, effective immediately.

Mr. Barnes is President of Nexus Advisory Corporation. He also serves as Chairman of the Board of DataLabs of Irvine, California, where he also is Chairman of the Audit Committee.

Mr. Barnes also has served as Vice President Finance and Investor Relations with Commerce Energy Corporation, a board member and Chief Financial Officer of Cage Concepts, and a board member and chair of the audit committee of Advanced Spine Fixation Systems, Inc. Over the past 11 years he has facilitated the financing, sales or public listing of seven companies.

Earlier, he served as a financial advisor, from 1983 to 1999, with the firms of UBS PaineWebber, Prudential Securities and Spelman & Company. At Prudential and Spelman, he worked extensively in the areas of corporate finance and corporate and municipal cash management. Prior to that, he worked in the office of the California State Attorney General.

Mr. Barnes obtained an Associate of Science degree in Criminal Justice from Victor Valley College. He received a B.S. degree in Criminal Justice from San Diego State University, and also completed a municipal securities management program at Emory University. He resides with his family in Laguna Hills, California.

Additional information on the company is available at http://www.world-am.com or http://www.isotecinc.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.

Contact Information

  • Contact:
    World Am, Inc.
    Investor Relations
    951-279-8884