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SUTI NEWS
Source: World Am, Inc. Senz-It Partners with BioMedix to Develop New Detection System to Identify Decay in Fish, One of World’s Most Perishable Foods New Technology Expected to Strengthen Food Safety Testing Process NEWPORT BEACH, Calif., March 5, 2008 -- Senz-It, Inc., a wholly owned subsidiary of World Am, Inc. (OTCBB: WDAM), today reported that it is partnering with BioMedix, a biotech product management and distribution company, to develop a new testing system to more accurately determine levels of decay in fish -- one of the world’s most perishable foods. The companies’ mutual goal in creating the system -- expected to be compact and portable – is to measure not only levels of decomposition, but also determine if specific byproducts associated with decay are present, and in what quantities. Unlike today’s reliance on subjective human sensory evaluation, or “sniff tests”, the new system is expected to be deployed at multiple points in the supply chain – including, but not limited to, food processors, distributors, retailers -- such as seafood specialty stores and major grocery chains – as well as restaurants of all sizes. “We are proud to be partnering with BioMedix,” said World Am Chairman and CEO Robert A. Hovee. “Its knowledge of the food safety industry perfectly complements Senz-It’s detection capabilities. We look forward to working in partnership with the company to develop this advanced technology so critically needed in the global food safety marketplace. “BioMedix currently is distributing a histamine detection test for fish that is a market leader among the estimated 2,000 fish monitoring labs in the United States,” Mr. Hovee continued. “For Senz-It, this represents an established customer base that BioMedix can then sell this new product into in virtually razorblade-like commodity fashion.” “We are estimating some 60 tests will be used per day for each laboratory with this new application, and are expecting to attract 180 customers -- some from our existing customer base and some new,” said Claver Bundac, Ph.D., CEO of Pomona, Calif.-based BioMedix. “Using a measurement of 260 working days in a 52-week year, we believe that will approximate more than 9,600 tests a day, or approximately 2.5 million tests on an annualized basis. “Assuming an initial price point of just $10 per test, reflective of current pricing levels for the company’s histamine test products, the envisioned product could establish a new standard in measuring decomposition in fish and seafood on a worldwide basis,” Dr. Bundac said. “Removing subjectivity from the testing process will ensure a safer food supply for consumers, and save distributors and retailers tens of millions of dollars annually in lost sales and damaged brand reputations. “Domestically, that could approximate more than $1 million in sales revenue per month for our two companies combined, ”Dr. Bundac noted. “In fact, this direct impact on the $1.8 billion food testing industry could also spawn other applications for food safety monitoring of such products as meat, poultry, cheese and wine. We’re pleased to be working with Senz-It in mutual pursuit of these important and very exciting goals,” Dr. Bundac said. "Alpha and beta testing of the new product should be completed later this year, with first revenue-generating shipments anticipated by year's end," Mr. Hovee concluded. About BioMedix: About World Am: Senz-It's sister subsidiary is Isotec, whose solutions provide "Protection, not just Detection." It develops, integrates and supplies Automated Security Portals, broadly categorized as access control, weapons control, or materials control systems that rigorously control entry or exit of people and materials into and/or out of a facility, while reducing the need for security personnel. Applications of the technology have been delivered to the commercial, retail and government sectors. Isotec's experience in this field allows it to provide high quality, code compliant, application-optimized solutions at the lowest cost in the shortest timeframe. Additional information on the company is available at www.world-am.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: World Am, Inc.
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