World Am Communications CEO Announces Further Memorandum of Understanding with Beijing-Based...

Business Editors/High-Tech Writers

WESTMINSTER, Colo.--(BUSINESS WIRE)--Jan. 8, 2003

World Am Communications, Inc. (OTCBB:WLDI), whose wholly owned subsidiary, Isotec (www.isotecinc.com), announced today that Mr. Alexander, CEO of World Am, and Chairman Guan of Comfort Virtue Construction

The Chairman of Comfort Virtue Construction Product Co., Ltd., Vr. Guan Tie Zheng, and the Chief Executive Officer of Isotec, Inc., Mr. Jim Alexander, met in December 2002 in Westminster, Colo., for a tour of Isotec's facilities and met again in Irvine, Calif., to finalize the terms of their joint venture. The parties have agreed to establish a joint-venture company that will manufacture for the Chinese and overseas markets. Both parties have signed a further memorandum of understanding and have plans to complete the definitive agreement in the very near future.

Mr. Alexander said, "We are pleased with the progress toward making this alliance reality as it will permit Isotec to offer its products at more competitive prices in the international market." Mr. Alexander continued, "Isotec would also be able to make available more cost effective solutions for retail and other public applications within the United States as a result of this association."

Mr. Alexander added: "The synergy of the two companies should result in increased business for each. Comfort is recognized as a top supplier of commercial door and window systems. The Comfort manufacturing facility is located on the north side of Beijing, near the Beijing airport and is situated in a tariff-free economic zone. The definitive agreement is being drafted for our review and execution in the near future."

Isotec is known in the security industry for its "Transparent Security(TM)" systems, which it conceived and developed. The security measures are unobtrusive and non-threatening. For example, its metal detection system in a door opening or hallway is used to detect persons carrying weapons into a building, thereby alerting appropriate security personnel. The system records a photo or video of the event while allowing security an opportunity to evaluate and take appropriate action before the person carrying the unauthorized weapon is alerted.

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.