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18-01-2005, Tue 6:31 PM

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World Am Inc. Is Included on NASDAQ Threshold Security List of Companies

January 18, 2005 09:12:00 (ET)

WESTMINSTER, Colo., Jan 18, 2005 (BUSINESS WIRE) -- World Am, Inc. (WLDI, Trade), www.world-am.com, whose wholly owned subsidiary, Isotec, Inc., www.isotecinc.com, conceives, develops and markets state-of-the-art security systems, announced today that based on a new Securities and Exchange Commission regulation governing short selling, known as Regulation SHO, it has been listed on the Threshold Security List published Friday, January 14, 2005. The list, maintained by NASD, is updated daily and includes securities with excessive certificate delivery failures most commonly associated with the illegal practice of "Naked Short Selling." The current list can be viewed at www.nasdaqtrader.com/asp/regsho.asp.

World Am Inc.'s management is hopeful that Regulation SHO, which fully took effect on January 3, 2005, will have a positive impact on mitigating future potential abuse by short sellers who, in the opinion of management, may have played a part in constraining the Company's stock price. Up until now, this short position data has been impossible to verify with any degree of certainty. However, from this point forward, it is hoped that such information should be a matter of public record. The regulation and associated list aims at modernizing rules on short selling by addressing a primary symptom of naked short selling which involves a brokerage firm's failure to deliver stock on the settlement date. (www.sec.gov/divisions/marketreg/mrfaqregsho1204.htm).

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