U.S. SECURITIES AND EXCHANGE COMMISSION
                                 Washington, D.C. 20549

                                      FORM 10-QSB/A

(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED
SEPTEMBER 30, 2005

                                            OR

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM
______________ TO ______________

                           COMMISSION FILE NUMBER: 0-30639

                                   WORLD AM, INC.
                (Exact Name of Company as Specified in its Charter)

                  Nevada                                         90-0142757
(State or Other Jurisdiction of Incorporation                 (I.R.S. Employer
               or Organization)                             Identification No.)

     4040 MacArthur Boulevard, Suite 240, Newport Beach, California 92660
                  (Address of Principal Executive Offices)

                                 (949) 955-5355
                            (Company's Telephone Number)

        ______________________________________________________________
       (Former Name, Former Address, and Former Fiscal Year, if Changed
                             Since Last Report)

     Indicate by check mark whether the Company (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the Company was required to file
such reports), and (2) been subject to such filing requirements
for the past 90 days.  Yes     X       No            .

     Indicate by check mark whether the Company is a shell
company (as defined in Rule 12b-2 of the Exchange Act): Yes
No     X      .

     As of September 30, 2005, the Company had 81,980,858 (1)
shares of common stock issued and outstanding.

     Transitional Small Business Disclosure Format (check one):
Yes          No    X   .

(1)  Adjusted for a one for one hundred reverse split effective
on January 21, 2005, and a three for two stock dividend effective
on August 15, 2005.

     The Company, by this Form 10-QSB/A, amends the following: (b)
Part I, Item 1, Financial Statements, to take account of the
acquisition of Senz-It by the Company as a reverse merger instead
of a share exchange, as originally reported; (b) Part I, Item 2,
Management's Discussion and Analysis of Financial Condition and
Results of Operations: To take account of the change in
accounting treatment by the Company of the Senz-It acquisition;
and (c) Part II, Item 6, Exhibits: include new certifications to
the financial statements.  Besides these changes, no other
changes have been made to the Form 10-QSB for the quarter ended
September 30, 2005.  In addition, the remaining information in
this amended Form 10-QSB has not been changed or updated to
reflect any changes in information that may have occurred
subsequent to the date of the reporting period that this Form 10-
QSB relates.

PART I - FINANCIAL INFORMATION

ITEM 1.  FINANCAL STATEMENTS.

                            WORLD AM, INC.
                    (A Development Stage Company)
                 CONDENSED CONSOLIDATED BALANCE SHEET
                        SEPTEMBER 30, 2005
                             (Unaudited)
                             (Restated)

                               ASSETS

Current assets
Cash                                                            $   2,293
Accounts receivable, net                                           38,577
Inventory                                                          14,430

Total current assets                                               55,300

Fixed assets, net                                                  16,879

Other assets                                                       14,250

Total assets                                                    $  86,429

                 LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities
Accounts payable and accrued liabilities                        $ 246,938
Due to stockholders                                               538,446
Payroll taxes payable                                             268,883
Settlement liability - short-term                                  29,000
Line of credit                                                      7,716
Notes payable                                                     109,400
Convertible note payable, net of discount of $0.00                 30,000
Capital lease obligation                                            8,175

Total current liabilities                                       1,238,558

Settlement liability - long-term                                   87,000

Total liabilities                                               1,325,558

Commitments and contingencies
Stockholders' deficit
Class A preferred stock; $0.0001 par value;
40,000,000 shares
authorized 1,370 shares issued and no
shares outstanding                                                     --
WORLD AM, INC.

Class B preferred stock; $0.0001 par value;
40,000,000 shares
authorized 55 shares issued and outstanding                            --
Common stock; $0.0001 par value; 1,500,000,000
shares authorized
81,980,858 (1) shares issued and outstanding                        8,197
Additional paid-in capital                                        284,894
Receivable related to issuance of common stock                   (220,000)
Accumulated deficit                                            (1,312,220)

Total stockholders' deficit                                    (1,239,129)

Total liabilities and stockholders' deficit                   $    86,429

(1)  Adjusted for a one for one hundred reverse split effective
on January 21, 2005, and a three for two stock dividend
effective on August 15, 2005.

The accompanying notes are an integral part of these condensed
consolidated financial statements


                              WORLD AM, INC.
                       (A Development Stage Company)
                CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                               (Unaudited)
                               (Restated)



<TABLE>
<CAPTION>
                                                    Three Months Ended          Inception Through
                                                    September 30, 2005          September 30, 2005
<S>                                                 <C>                         <C>
Revenues                                            $   36,926                  $   36,926
Cost of revenues                                        14,593                      14,593

Gross profit                                            22,333                      22,333

General and administrative                             212,391                     223,663

Loss from operations                                  (190,057)                   (201,329)

Other income (expense)
Other income/(loss)                                     (2,346)                     (2,346)
Interest income                                             --                           1
Interest expense                                        (1,495)                     (1,495)

Total other income (expense)                            (3,840)                     (3,839)

Loss before provision for income taxes                (193,898)                   (205,169)

Provision for income taxes                                  --                          --

Net loss                                             $(193,898)                  $(205,169)

Basic and diluted loss per common share              $   (0.01)                  $   (0.02)

Basic and diluted weighted average common
shares outstanding (1)                              30,538,707                  13,639,819
</TABLE>


(1)  Adjusted for a one for one hundred reverse split effective
on January 21, 2005, and a three for two stock dividend
effective on August 15, 2005.

The accompanying notes are an integral part of these condensed
consolidated financial statements


                                      WORLD AM, INC.
                              (A DEVELOPMENT STAGE COMPANY)
                CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIT
                  FOR THE PERIOD OF IINCEPTION THROUGH SEPTEMBER 30, 2005
                                      (Unaudited)
                                      (Restated)


<TABLE>
<CAPTION>
                                                          Class B        Add'l                               Total
                                   Common Stock       Preferred Stock    Paid-in    Other    Accumulated  Stockholders'
                                 Shares    Amount     Shares   Amount    Capital  Receivables   Deficit      Deficit
<S>                              <C>     <C>         <C>     <C>        <C>        <C>          <C>         <C>
Senz-It, Inc. inception,
March 4, 200      5                   -- $      --        --  $      --  $   --    $     --     $     --    $       --

Issuance of Shares to Senz-
It, Inc. stockholders                 --        --        55         --   10,000         --           --        10,000

Assumption by Senz-It, Inc.
of World Am, Inc.
capital structure,
outstanding warrants, and
options on August 31,
2005                         66,570,285(1)   6,656        --         --  221,978   (220,000)  (1,107,051)    (1,098,417)


Common stock issued in
September 2005
for services, weighted
average $0.004 per share    15,410,573       1,541        --         --   52,916         --                      54,457

Net loss                            --          --        --         --       --         --    (205,169)       (205,169)

Balance, September 30, 2005
(Unaudited)                81,980,858  $     8,197        55  $      -- $284,894  $(220,000) $(1,312,220)   $(1,239,129)
</TABLE>


(1) Adjusted for a one for one hundred reverse split effective on
January 21, 2005, and a three for two stock dividend effective on
August 15, 2005.

The accompanying notes are an integral part of these condensed
consolidated financial statements


                                     WORLD AM, INC.
                             (A Development Stage Company)
                  CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                       (Unaudited)
                                       (Restated)

                                                           Inception Through
                                                           September 30, 2005

Cash flows from operating activities:
Net loss                                                     $   (205,169)

Adjustments to reconcile net loss to net
    cash provided by operating activities:
Depreciation                                                        1,393
Stock issued for services                                          54,457
Changes in operating assets and liabilities:
Change in accounts receivable, net                                  9,539
Change in inventory                                                (3,346)
Change in other assets                                             (4,000)
Change in accounts payable and accrued liabilities                 75,886
Change in taxes payable                                            84,363

Net cash provided by operating activities                          13,123

Cash flows from investing activities:
Cash acquired in reverse merger                                       935

Net cash provided by investing activities                             935

Cash flows from financing activities:
Change in due to related parties                                  (16,500)
Proceeds from sale of common stock                                 10,000
Proceeds (payments) from line of credit                              (765)
Proceeds from notes payable                                        (4,500)
Net cash used in financing activities                             (11,765)

Net change in cash                                                  2,293

Cash, beginning of period                                              --

Cash, end of period                                       $         2,293

Supplemental disclosure of cash flow information:
Cash paid for income taxes                                $            --
Cash paid for interest                                    $            --
Schedule of non-cash operating, investing
and financing activities:
Acquisition of other assets and
  liabilities in reverse merger                           $    (1,098,417)

The accompanying notes are an integral part of these condensed
consolidated financial statements.


                                   WORLD AM, INC.
                           (A Development Stage Company)
               NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)
                                   (Restated)

NOTE 1 - BASIS OF PRESENTATION

The interim consolidated financial statements present the balance
sheet, statements of operations, and cash flows of World Am, Inc.
and its subsidiaries ("Company") on a development stage basis.
All significant intercompany balances have been eliminated in
consolidation.

The interim consolidated financial information is unaudited.  In
the opinion of management, all adjustments necessary to present
fairly the financial position as of September 30, 2005 and the
results of operations and cash flows presented herein have been
included in the consolidated financial statements. Interim
results are not necessarily indicative of results of operations
for the full year.

The accompanying consolidated financial statements have been
prepared in accordance with Securities and Exchange Commission
requirements for interim financial statements. Therefore, they do
not include all of the information and footnotes required by
accounting principles generally accepted in the United States for
complete financial statements. The financial statements should be
read in conjunction with the Form 10-KSB, as amended on October
14, 2005, for the year ended December 31, 2004 of the Company.

The preparation of financial statements in conformity with
accounting principles generally accepted in the United States
requires management to make estimates and assumptions that affect
the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenses
during the reporting period. Actual results could differ from
those estimates.

NOTE 2 - GOING CONCERN

The Company incurred a net loss of $205,169 for the period ended
September 30, 2005 and the Company's current liabilities exceed
its current assets by $1,183,258.  The accumulated deficit was
$1,312,220 as of September 30, 2005.  These factors create
substantial doubt about the Company's ability to continue as a
going concern. The Company's management has plans to promote its
services, gain clients and expand its relationships with current
clients.  The Company is also seeking additional sources of
capital through the issuance of debt and equity financing, but
there can be no assurance that the Company will be successful in
accomplishing its objectives.

The ability of the Company to continue as a going concern is
dependent on additional sources of capital and the success of the
Company's plan.  The Company's current cash flow from operations
will not be sufficient to maintain its capital requirements for
the next twelve months.  The Company believes it will need to
raise up to $5,000,000 during the next twelve months so it may
continue executing its business plans.  Whereas the Company has
in the past raised capital (in the absence of any equity
investment, the Company has previously relied upon short-term
borrowings in the form of purchase order and invoice factoring),
no assurance can be given that these sources of financing will
continue to be available to the Company and/or that demand for
its equity/debt instruments will be sufficient to meet its
capital needs, or that financing will be available on terms
favorable to the Company.  As of September 30, 2005, the Company
had no significant sources of liquidity.  The financial
statements do not include any adjustments relating to the
recoverability and classification of liabilities that might be
necessary should the Company be unable to continue as a going concern.

NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Stock-based compensation - The Company applies Accounting
Principles Board ("APB") Opinion No. 25, "Accounting for Stock
Issued to Employees, and Related Interpretations," in accounting
for stock options issued to employees.  Under APB No. 25,
employee compensation cost is recognized when estimated fair
value of the underlying stock on date of the grant exceeds
exercise price of the stock option.  For stock options and
warrants issued to non-employees, the Company applies Statement
of Financial Accounting Standards ("SFAS") No. 123, "Accounting
for Stock-Based Compensation."  SFAS No. 123 requires the
recognition of compensation cost using a fair value based method
whereby compensation cost is measured at the grant date based on
the value of the award and is recognized over the service period,
which is usually the vesting period.  The Company uses the Black-
Scholes pricing model to calculate the fair value of options and
warrants issued to non-employees.  Stock issued for compensation
is valued using the market price of the stock on the date of the
related agreement. The fair value under SFAS No. 123 is the same
as the value as calculated under APB No. 25 due to the immediate
conversion by employees upon grant of options.

Revenue Recognition - Sales and construction of customized
commercial products are recognized under the percentage-of-
completion basis when: (a)  contracts executed by the parties
normally include provisions that clearly specify the enforceable
rights regarding goods or services to be provided and received by
the parties, the consideration to be exchanged, and the manner
and terms of settlement; (b) the buyer can be expected to satisfy
his obligations under the contract; (c) the Company can be
expected to perform our contractual obligations; and (d) the
Company can make reasonably dependable estimates of costs to
complete and the extent of progress toward completion.  The
Company measures the extent of progress toward completion by
using a ratio of costs incurred to total estimated costs.  The
effects of changes in the estimates, if any, are reported in the
period of change and subsequent periods.  Contracts not meeting
the above criteria are reported on the completed contract method.
All other sales of products are recognized upon delivery.

Stock Split/Dividend - The Company did a one for one hundred
reverse split effective on January 21, 2005, and a three for two
stock dividend effective on August 15, 2005.  All share and per
share amounts in the accompanying financial statements of the
Company and notes thereto have been retroactively adjusted to
give effect to the these actions.

Reclassification - Certain prior year balances have been
reclassified to conform to the current year presentation, which
have no effect on net income.

Inventory - Inventory is stated at the lower of cost or market.
Cost is principally determined by using the average cost method.
Inventory consists of raw materials as well as finished goods
held for sale.  The Company's management monitors the inventory
for excess and obsolete items and makes necessary valuation
adjustments when required.

NOTE 4 - ACQUISITION OF SENZ-IT, INC. AND REVERSE MERGER ACCOUNTING

On August 31, 2005, World Am, Inc. consummated an agreement to
acquire 100% of the issued and outstanding capital stock of Senz-
It, Inc.  In exchange, the Company issued a warrant for
18,000,000 shares of its common stock and 55 shares of Class B
convertible preferred stock to SUTI Holdings, LP ("SUTI"), owner
of Senz-It, Inc. The exercise price of the common shares under
the warrant is $0.0001 per share. The warrant vests immediately
and expires in August 2010.  Each share of Class B preferred
stock is convertible into 1% of the outstanding common shares of
the Company, including the common stock equivalents of all
unexercised warrants, options and convertible securities (see
Note 14), or a minimum of 7,272,728 shares of common stock.

SUTI has the right to vote its preferred shares on an "as if"
basis, that is, as if the Class B preferred shares had already
been converted into common shares. In addition, SUTI has selected
three directors to sit on the Company board of directors,
constituting a majority of the Board. Select University
Technology, Inc, an affiliate of SUTI, has been hired to manage
all operations of Senz-It, Inc.

Prior to the transaction, World Am, Inc. was a public company
with assets of $88,656, liabilities totaling $1,187,073 and
66,570,285 shares of common stock issued and outstanding (and
certain warrants and options also outstanding); Senz-It was a
privately-held, non-operating development stage company.  The
transaction is considered to be a capital transaction in
substance, rather than a business combination, with Senz-It, Inc.
being the acquirer for accounting purposes.  Inasmuch, the
transaction is equivalent to the issuance of stock by Senz-It,
Inc. for the net monetary assets of a public company (World Am,
Inc.), accompanied by a recapitalization.  The accounting for the
transaction is identical to that resulting from a reverse
acquisition, except goodwill or other intangible assets were not
recorded, because, in the judgment of Company management, no
goodwill or other intangible assets can be associated with World
Am, Inc.  Accordingly, these financial statements are the
historical financial statements of Senz-It, Inc.  Senz-It, Inc.
was incorporated on March 4, 2005 in the State of California.
Therefore, these financial statements reflect activities from
March 4, 2005 (date of inception for Senz-It, Inc.) and forward.
Inasmuch as Senz-It did not exist prior to the current year, no
prior year financial comparisons are possible.

In connection with the acquisition of Senz-It, Inc., World Am,
Inc. accrued a finder's fee of $71,000 to a consultant. This fee
comprises a cash payment of $50,000 and the issuance of
approximately 5.25 million shares of common stock, valued at
$21,000 on September 30, 2005.

The following is a proforma Statement of Operations showing the
affect as if the Company and Senz-It had been combined from the
date of Senz-It's inception:

              Condensed Pro Forma Statement of Operations
            Period from Inception Through September  30, 2005
                               (Unaudited)

     Revenue                                     $   258,916

     Cost of revenues                                207,080

    Gross profit                                 $    51,836

    Selling, general and administrative
    expenses                                       1,306,258

    Loss from operations                         $(1,254,422)

     Other income (expense)                         (150,837)

     Loss before provision for income taxes     $ (1,405,259)

     Provision for income taxes                            -

     Net loss                                   $ (1,405,259)

NOTE 5 - INVENTORY

Inventory totaling $14,430 consists of raw materials.

NOTE 6 - DUE TO STOCKHOLDERS

NOTE 6 - DUE TO STOCKHOLDERS

Due to stockholders totaling $538,446 as of September 30, 2005 consist of a
$5,000 loan from the Company's former president, James Alexander (through a
company he controls, Torrey Peaks Ventures), a $6,000 loan from a
stockholder, and unreimbursed expenses and accrued wages and professional
fees to various stockholders and employees totaling $527,446.  All loans are
unsecured, bearing no interest and due on demand.

NOTE 7 - PAYROLL TAXES PAYABLE

As of September 30, 2005, payroll taxes payable consists of late
payroll taxes for both payroll and stock option activity totaling
$268,883.

NOTE 8 - SETTLEMENT LIABILITY

On January 30, 2004, a complaint was filed in the District Court
of Adams County, Colorado: Robert Hainey and Internet Marketing
Solutions, Inc. v. World Am Communications, Inc. and Isotec, Inc.
The complaint, which has causes of action for breach of contract
and unjust enrichment, alleges that the defendants failed to pay
the plaintiffs for certain consulting and public relations and
related work, reimbursement of certain business expenses incurred
on behalf of the defendants, and to repay a loan made by the
plaintiffs to the defendants. The complaint sought total monetary
damages of approximately $308,000.

On July 27, 2005, the Company settled this matter. Under the
terms of this settlement, the Company is obligated to pay the sum
of $116,000 over a period of four years in semi-annual
installments, beginning on October 1, 2005. The plaintiffs are
obligated to pay the Company the sum of $2,000 per installment
payment to reimburse it for administrative costs in connection
with the payment. Accordingly, the Company recorded a settlement
liability and a settlement loss totaling $116,000, with $29,000
recorded as short-term or amounts due within one year and $87,000
recorded as long-term. The first payment was scheduled for
October 1, 2005, but was not made.

As of September 30, 2005, future payments on the settlement
liabilities are as follows:

October 1, 2005 through December 31, 2005                   $ 14,500
2006                                                          29,000
2007                                                          29,000
2008                                                          29,000
2009                                                          14,500

                                                            $116,000

NOTE 9 - LINE OF CREDIT

The Company has a line of credit through a credit card company
with a credit line up to $8,260 with an annual variable rate
(24.91% at September 30, 2005).  As of September 30, 2005, the
balance on the line of credit totaled $7,716.

NOTE 10 - NOTES PAYABLE

Senz-It, Inc. has assumed the capital structure, stock options
and warrants, and the liabilities of World Am, Inc. as of August
31, 2005, the date of the reverse merger. This includes all
obligations described below.

In June 2003, pursuant to a dismissal of action by a certain
individual, World Am, Inc. entered into a promissory note
agreement totaling $30,000 with the individual. The note is
unsecured, bears no interest (1.25% interest in the event of
default), is payable in monthly principal only installments of
$1,000, and matures December 2005. As of September 30, 2005, the
remaining portion of the note payable totals $5,000.

During June 2005, World Am, Inc. received $4,500 from an entity.
The note is unsecured, bears no interest, and is due on demand.

During April and May 2005, World Am, Inc. received $20,000 and
$15,000, respectively, from an individual. The notes are
unsecured, bearing interest at 10% per annum, and due on demand.

During May 2005, World Am, Inc. issued stock in satisfaction of
$17,391 of the $20,000 note. Accordingly, as of September 30,
2005, the remaining balance of the notes total $17,609.

In February 2005, World Am, Inc. entered into a factoring and
security agreement for up to $75,000. This amount has been used
through a $30,000 convertible note payable to the owner of the
creditor (see Note 10), and for accounts receivable factoring.

The factoring is secured by specifically identified accounts
receivable; the factored amounts are charged fees and interest on
a sliding scale. The amount owed for factoring at September 30,
2005 was $46,000.  The total usage of the line of credit was
$76,000 at September 30, 2005, exceeding the credit line by $1,000.

In September 2005, the Company entered into a customer purchase
order financing arrangement with a certain entity. There is no
specific credit limit to this arrangement; customers' purchase
orders are approved individually. The financing is secured by
specifically identified accounts receivable; the financed amounts
are subject to fees and interest on a sliding scale.  At
September 30, 2005, the amount financed under this arrangement
was $20,791.

NOTE 11 - CONVERTIBLE NOTE PAYABLE

During February 2005, World Am, Inc. issued a $30,000 convertible
note payable to an individual (refer to Note 9). Senz-It, Inc.
has assumed the capital structure, stock options and warrants,
and the liabilities of World Am, Inc. as of August 31, 2005, the
date of the reverse merger. The convertible note is due on
demand, is unsecured, and bearing interest at 10%. The note is
convertible by the holder prior to maturity, in multiples of
$1,000 principal amount, into shares of the Company's common
stock. The number of shares of the Company's common stock shall
be determined by dividing the principal amount to be converted by
the lowest bid price of the Company's common stock during the
180-day period following the issuance of the note. In the event
the holder converts prior to the end of the pricing period, the
number of shares of the Company's common stock shall be
determined by dividing the principal amount to be converted by
the lowest reported bid price of the Company's common stock
between the date of issuance of the note and date of conversion.

The holder of the convertible note also received a warrant to
purchase shares of the Company's common stock that expire during
February 2008. The number of shares of stock to be received by
the holder upon exercise of the warrant is determined by dividing
the purchase price of the Units ($10,000) by the lowest bid price
of the Company's common stock during the 30-day period following
the pricing period.  In the event the holder exercises prior to
the end of the pricing period, the number of shares of the
Company's Common Stock that may be acquired upon exercise of the
warrant shall be determined by dividing the purchase price of the
warrant by the lowest reported bid price of the Company's common
stock between the date of grant and the date of exercise of the
warrant.  The Company recorded the value of the warrant totaling
$30,000 as a discount on the convertible note payable that has
been fully accrued as of September 30, 2005.

NOTE 12 - CAPITAL LEASE OBLIGATION

The Company is obligated under a capital lease for manufacturing
equipment. For financial reporting purposes, minimum lease
payments relating to the equipment have been capitalized. The
capital lease obligation totaling $10,300 requires twelve minimum
monthly lease payments of $425 and a final payment of $9,450,
with an imputed interest rate of 8.5%. The future minimum lease
payments required under the capital lease obligation as of
September 30, 2005, are as follows:

October 1, 2005 through December 31, 2005                     $ 8,600
Less: amount representing interest                                425

Present value of minimum lease payments                       $ 8.175

NOTE 13 - PREFERRED STOCK

During June 2004, World Am, Inc. entered into a loan agreement
with Mercatus & Partners, LLC ("Lender") whereby the Lender
agreed to use its best efforts to provide World Am, Inc. a loan
in the maximum amount of $2,000,000 subject to certain terms and
conditions. The Company agreed to issue 1,370 shares of Class A
Preferred stock that is convertible to common stock at a ratio of
1-to-1,000,000 as collateral on the loan. The shares were issued
during June 2004 and recorded them as issued but not outstanding
as of June 30, 2005. The lender did not fund the loan and
accordingly, World Am, Inc. provided a written demand for the
return of the shares, as provided in the loan agreement.

During May 2005, the Lender assigned all rights set forth in the
loan agreement to Coldwater Capital Partners, LLC, including the
1,370 shares of Class A Preferred stock held as collateral on the
loan. World Am, Inc. has approved this assignment. Through the
date of this filing, the Company has not received funding under
the terms of this loan agreement.

On August 31, 2005, Senz-It completed a Share Exchange Agreement
(Note 4) with World Am, Inc. Under this agreement, Senz-It
becomes a wholly owned subsidiary of World Am, Inc. in exchange
for 55 shares of Class B Convertible Preferred Stock. This stock
has a par value of $0.0001.  Each share is convertible into 1% of
the total common stock, including all unexercised warrants,
options and conversions. As a class, Preferred B is convertible
into a minimum of 400,000,000 common shares.

NOTE 14 - RESTATED FINANCIAL STATEMENTS

Subsequent to the issuance of the Company's financial statements
as of September 30, 2005, management determined that the
acquisition of Senz-It by World Am, Inc. as of August 31, 2005
should be considered a capital transaction in substance, rather
than a business combination, due to the change in control of the
World Am, Inc. as a result of this transaction (see Note 4).

The accounting for the transaction is identical to that resulting
from a reverse acquisition, except goodwill or other intangible
assets were not recorded.  Accordingly, these financial
statements are the historical financial statements of Senz-It,
Inc.  Senz-It, Inc. was incorporated on March 4, 2005.
Therefore, these financial statements reflect activities from
March 4, 2005 (date of inception for Senz-It, Inc.) and forward.
Inasmuch as Senz-It did not exist prior to the current year, no
prior year financial comparisons are possible.

Properly accounting of these items in the restated financial
statements has the following effect:



<TABLE>
<CAPTION>
                                                    Nine Months       Nine Months      Restated
                                                       Ended            Ended          Increase
                                                     September        September        (Decrease)
                                                      30, 2005        30, 2005
                                                                     (Restated)
<S>                                                    <C>              <C>               <C>
Revenues                                              $  395,791        $   36,926      $   (358,865)

Cost of revenues                                         282,556            14,953          (267,603)

Gross profit                                             113,235            22,333           (90,902)

Operating expense                                      1,622,192           223,663        (1,398,529)

Loss from operations                                  (1,508,957)         (201,329)       (1,307,628)

Total other income (expense)                            (148,067)           (3,839)         (144,228)

Net loss                                             $(1,657,024)      $  (205,169)      $(1,451,855)

Basic and diluted loss per common share              $     (0.05)      $     (0.02)      $     (0.03)
</TABLE>


The Statements of Operations no longer includes the results of
operations experienced by World Am, Inc. prior to August 31,
2005, and instead includes the entire history of Senz-It, Inc.
operations.  Because the inception of Senz-It, Inc. was during
2005, no comparisons to prior year results are possible.



<TABLE>
<CAPTION>
                                                    Nine Months       Inception        RESTATED
                                                       Ended           Through         Increase
                                                     September        September       (Decrease)
                                                      30, 2005        30, 2005
                                                                     (RESTATED)
<S>                                                    <C>              <C>               <C>
Revenues                                             $  395,791        $   36,926      $  (358,865)

Cost of revenues                                        282,556            14,593         (267,963)

Gross profit                                            113,235            22,333          (90,902)

Operating expense                                     1,622,192           315,244       (1,306,948)

Loss from operations                                 (1,508,097)         (292,910)      (1,215,187)

Other income (expense)                                 (148,067)           (3,839)        (144,228)

Net loss                                            $(1,657,024)      $  (296,750)     $(1,360,274)

Basic and diluted loss per common share             $     (0.05)      $     (0.01)     $     (0.04)
</TABLE>


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS.

     The following discussion and analysis of financial condition
and results of operations of the Company is based upon, and
should be read in conjunction with, its unaudited condensed
consolidated financial statements and related notes included
elsewhere in this Form 10-QSB, which have been prepared in
accordance with accounting principles generally accepted in the
United States.

     On August 31, 2005, World Am, Inc. consummated an agreement
to acquire all of the issued and outstanding capital stock of
Senz-It, Inc. from SUTI Holding, LP ("SUTI"), in exchange for 55
shares of the Company's Class B preferred stock and a warrant for
18,000,000 shares of common stock. The exercise price of the
common shares under this warrant is $0.0001 per share. The
warrant vests immediately and expires in August 2010.  Each share
of Class B preferred stock is convertible into 1% of the
outstanding common shares of the Company, including the common
stock equivalents of all unexercised warrants, options and
convertible securities, or a minimum of 7,272,728 shares of
common stock.  Each share of Class B preferred stock is entitled
to the number of votes to which the holder would be entitled if
it had converted its shares of Class B preferred stock at the
time of voting.

     According to the terms of the acquisition agreement, the
warrant and the preferred stock were issued upon the closing of
this transaction on August 31, 2005.  Under the terms of this
agreement, the Company is obligated, among other things, to raise
capital in the amount of $4,000,000 to support the product
development of Senz-It, Inc. by June 30, 2006.  If sufficient
funds are not raised, SUTI has the right to rescind the
acquisition agreement.

     Under this agreement, SUTI is entitled to select three
directors to the Company's board of directors.  As of June
20, 2005, Select University Technologies, Inc., the general
partner of SUTI, was hired to manage all operations of Senz-It,
Inc. under the terms of a Venture Acceleration Agreement (see
Exhibit 10.7).

     Since this transaction has been completed, Senz-It intends
to exercise the option it holds to enter into an exclusive,
royalty-bearing license with the State University of New York at
Buffalo (see Exhibit 10.6).  This license will cover patents
developed by that university that will enable Senz-It to develop
technology with an entirely new approach to sensing, process
monitoring, homeland security and environmental scanning
applications.  When executed, this license agreement will be
disclosed in an amended Form 8-K.

     Fundraising efforts will be initiated during the fourth
quarter of 2005 to move Senz-It to an engineering prototype
phase.  The technology represented by Senz-It represents an
innovative advancement in the field of micro-sensors that have
applications in homeland security, indoor air quality monitoring,
food processing and health care.  The products are in the
developing field of "electronic noses" and can identify patterns
of molecules present in air or liquid environments for
significantly less cost than current approaches.

     Senz-It was incorporated in the State of California on March
4, 2005. There is no historic financial information prior to that
date. Therefore, no prior year financial information is available
to be presented in the attached financial statements.

Overview.

     The Company has developed and or is in the process of
developing innovative systems and processes in the field of
"Transparent Security" and "Automated Passage Control."  Company
personnel have installed systems for Lawrence Livermore Labs,
Mellon Bank, Wells Fargo Bank, the United States Air Force and
United States Department of Energy, among others.  The principal
markets for our products and services remain government and
financial institutions.

     The Company believes that its planned growth and
profitability will depend in large part on the ability to promote
its services, gain clients and expand its relationship with
current clients.  Accordingly, the Company intends to focus its
attention and investment of resources in marketing, strategic
partnerships, and development of its client base.  In addition to
development of our own products and services, we have broadened
our product offering by becoming distributors of additional
products in our core marketplace in order to generate additional
revenues.  If the Company is not successful in promoting its
services and expanding its client base, this may have a material
adverse effect on its financial condition and the ability to
continue to operate the business.

     The Company believes its future growth and overall success
will be dependent upon its ability to develop the patent
protected technology represented by the Senz-It transaction.

Results of Operations.

     Subsequent to the issuance of the Company's financial
statements as of September 30, 2005, management determined that
the acquisition of Senz-It by World Am, Inc. as of August 31,
2005 should be considered a capital transaction in substance,
rather than a business combination, due to the change in control
of World Am, Inc. as a result of this transaction.  Inasmuch,
the transaction is equivalent to the issuance of stock by Senz-
It, Inc. for the net monetary assets of a public company (World
Am, Inc.), accompanied by a recapitalization.

     The accounting for the transaction is identical to that
resulting from a reverse acquisition.  Goodwill or other
intangible assets were not recorded because, in the judgment of
Company management, no goodwill or other intangible assets can be
associated with World Am, Inc.  Accordingly, these financial
statements are the historical financial statements of Senz-It,
Inc. Senz-It, Inc. was incorporated on March 4, 2005. Therefore,
these financial statements reflect activities from March 4, 2005
(date of inception for Senz-It, Inc.) and forward.  Inasmuch as
Senz-It did not exist prior to the current year, no prior year
financial comparisons are possible. Prior to the transaction,
World Am, Inc. was a public company with assets of $88,656,
liabilities totaling $1,187,073 and 66,570,285 shares of common
stock issued and outstanding; and Senz-It was a privately held
non-operating development stage company.

Properly accounting of these items in the restated financial
statements has the following effect:



<TABLE>
<CAPTION>
                                                    Nine Months       Inception        Restated
                                                       Ended           Through         Increase
                                                     September        September       (Decrease)
                                                      30, 2005        30, 2005
                                                                     (Restated)
<S>                                                    <C>              <C>               <C>
Revenues                                              $  395,791       $   36,926      $  (358,865)

Cost of revenues                                         282,556           14,953         (267,603)

Gross profit                                             113,235           22,333          (90,902)

Operating expense                                      1,622,192          223,663       (1,398,529)

Loss from operations                                  (1,508,957)        (201,329)      (1,307,628)

Total other income (expense)                            (148,067)          (3,839)        (144,228)

Net loss                                             $(1,657,024)     $  (205,169)     $(1,451,855)

Basic and diluted loss per common share              $     (0.05)     $     (0.02)     $     (0.03)
</TABLE>


The Statements of Operations no longer includes the results of
operations experienced by World Am, Inc. prior to August 31,
2005, and instead includes the entire history of Senz-It, Inc.
operations.  Because the inception of Senz-It, Inc. was during
2005, no comparisons to prior year results are possible.

(a)  Revenues.

     Revenues for the three months ended September 30, 2005
were $36,926. Revenues for the period ended September 30, 2005
were $36,926. With the absence of additional operational funding,
the Company's ability to continue as a going concern is still in doubt.

(b)  Cost of Revenues.

     Cost of revenues for the three months ended September 30,
2005 were $14,593. Cost of revenues for the period ended
September 30, 2005 were $14,593.

(c)  General and Administrative Expense.

     General and administrative expenses were $212,391 for
the three months ended September 30, 2005.  For the period ended
September 30, 2005, the general and administrative expenses were
$223,663. The general and administrative expenses reflect the
impact of the reverse merger.

(d)  Net Operating Loss Carryforward.

     For the fiscal year ended December 31, 2004, World Am,
Inc. had incurred a net operating loss carryforward of $8,954,082
as compared with $7,094,140 for the previous fiscal year.
Realization of deferred tax assets is dependent upon future
earnings, if any, the timing and amount of which are uncertain.
Accordingly, the net deferred tax assets have been fully offset
by a valuation allowance.  These carryforwards, if not utilized
to offset taxable income begin to expire in 2009.  Utilization of
the net operating loss may be subject to substantial annual
limitation due to the ownership change limitations provided by
the Internal Revenue Code and similar state provisions. The
annual limitation could result in the expiration of the net
operating loss before utilization.

(e)  Loss from Operations.

     The net loss from operations for the three months ended
September 30, 2005 was $193,898.  The net loss from operations
for the period ended September 30, 2005 was $205,169.

Factors That May Affect Operating Results.

     The operating results of the Company can vary significantly
depending upon a number of factors, many of which are outside its
control.  General factors that may affect the Company's operating
results include:

     - market acceptance of and changes in demand for products and
       services;

     - consolidation in the distributor channel;

     - a small number of customers account for, and may in future
       periods account for, substantial portions of the Company's
       revenue, and revenue could decline because of delays of
       customer orders or the failure to retain customers;

     - gain or loss of clients or strategic relationships;

     - announcement or introduction of new services and products by
       the Company or by its competitors;

     - the ability to build brand recognition;

     - timing of sales to customers;

     - price competition;

     - the ability to upgrade and develop systems and
       infrastructure to accommodate growth;

     - the ability to introduce and market products and services in
       accordance with market demand;

     - changes in governmental regulation; and

     - reduction in or delay of capital spending by clients due to
       the effects of terrorism, war and political instability.

     The Company believes that its planned growth and
profitability will depend in large part on the ability to promote
its services, gain clients and expand its relationship with
current clients.  Accordingly, the Company intends to invest in
marketing, strategic partnerships, and development of its client
base.  If the Company is not successful in promoting its services
and expanding its client base, this may have a material adverse
effect on its financial condition and the ability to continue to
operate the business.

     The Company is also subject to the following specific
factors that may affect its operating results:

(a)  Competition.

     The market for products and services offered by the
Company is highly competitive.  The Company's future success will
depend on its ability to adapt to rapidly changing technologies,
evolving industry standards, product offerings and evolving
demands of the marketplace.

     Some of our competitors have:

     - longer operating histories;

     - larger customer bases;

     - greater name recognition and longer relationships with
       clients; and

     - significantly greater financial, technical, marketing,
       public relations and managerial resources than the Company.

     - Competitors may develop or offer services that provide
       significant (technological, creative, performance, price) or
       other advantages over the products offered by the Company .  If
       the Company fails to gain market share or lose existing market
       share, its financial condition, operating results and business
       could be adversely affected and the value of an investment in the
       Company could be reduced significantly.   The Company may not
       have the financial resources, technical expertise or marketing,
       distribution or support capabilities to compete successfully.

(b)  Technological and Market Changes.

     The markets in which the Company competes are
characterized by technological change, frequent new product
introductions, evolving industry standards and changing needs of
customers.  There can be no assurance that the Company's existing
products will continue to be properly positioned in the market or
that the Company will be able to introduce new or enhanced
products into the market on a timely basis, or at all.
Currently, the Company is focusing on upgrading and introducing
new products.  There can be no assurance that enhancements to
existing products or new products will receive customer
acceptance.  As competition in the electronic payments industry
increases, it may become increasingly difficult for the Company
to be competitive.

     Risks associated with the development and introduction
of new products include delays in development and changes in
payment processing, and operating system technologies that could
require the Company to modify existing products.  There is also
the risk to the Company that there may be delays in initial
shipments of new products. Further risks inherent in new product
introductions include the uncertainty of price-performance
relative to products of competitors, competitors' responses to
the introductions and the desire by customers to evaluate new
products for longer periods of time.

(c)  New Versions of Company's Products May Contain Errors
or Defects.

     The Company's products are complex and, accordingly,
may contain undetected errors or failures when first introduced
or as new versions are released.  This may result in the loss of,
or delay in, market acceptance of the Company's products.  The
Company may in the future discover errors and additional
scalability limitations in new releases or new products after the
commencement of commercial shipments or be required to compensate
customers for such limitations or errors, as a result of which
our business, cash flow, financial condition and results of
operations could be materially adversely affected.

(d)  Protection of Proprietary Rights.

     The Company's success and ability to compete will be
dependent in part on the protection of its potential patents,
trademarks, trade names, service marks and other proprietary
rights.  The Company intends to rely on trade secret and
copyright laws to protect the intellectual property that it plans
to develop, but there can be no assurance that such laws will
provide sufficient protection to us, that others will not develop
a service that is similar or superior to ours, or that third
parties will not copy or otherwise obtain and use our proprietary
information without authorization.  In addition, certain of the
Company's know-how and proprietary technology may not be patentable.

     The Company may rely on certain intellectual property
licensed from third parties, and may be required to license
additional products or services in the future, for use in the
general operations of its business plan.  The Company currently
has no licenses for the use of any specific products.  There can
be no assurance that these third party licenses will be available
or will continue to be available to the Company on acceptable
terms or at all.  The inability to enter into and maintain any of
these licenses could have a material adverse effect on the
Company's business, financial condition or operating results.

     There is a risk that some of the Company's products may
infringe the proprietary rights of third parties.  In addition,
whether or not the Company's products infringe on proprietary
rights of third parties, infringement or invalidity claims may be
asserted or prosecuted against it and it could incur significant
expense in defending them.  If any claims or actions are asserted
against us, wet may be required to modify its products or seek
licenses for these intellectual property rights.  The Company may
not be able to modify its products or obtain licenses on
commercially reasonable terms, in a timely manner or at all.  The
Company's failure to do so could have a negative affect on its
business and revenues.

(e)  Economic Conditions.

     The Company's business can be affected by the general
condition of the world economy, as well as by social, political
and military conditions.  In light of the current economic
environment these factors could have a material adverse impact on
the Company's business, operating results, and financial
condition and we may continue to incur losses for the foreseeable future.

(f)  Key Personnel.

     The Company's success is largely dependent on the
personal efforts and abilities of the Company's senior
management.  The loss of certain members of the Company's
management could have a material adverse effect our business and
prospects.

     The Company intends to recruit in fiscal year 2005 and
2006 employees who are skilled in the products of the Company.
The failure to recruit these key personnel could have a material
adverse effect on the Company's business.  As a result, the
Company may experience increased compensation costs that may not
be offset through either improved productivity or higher revenue.
There can be no assurances that the Company will be successful in
retaining existing personnel or in attracting and recruiting
experienced qualified personnel.

(g)  Limitations on Liability and Indemnification.

     The Company's articles of incorporation include provisions
to the effect that we may indemnify any director, officer, or
employee.  In addition, provisions of Nevada law provide for such
indemnification, as well as for a limitation of liability of our
directors and officers for monetary damages arising from a breach
of their fiduciary duties.  Any limitation on the liability of
any director or officer, or indemnification of any director,
officer, or employee, could result in substantial expenditures
being made by the Company in covering any liability of such
persons or in indemnifying them.

Operating Activities.

     The net cash provided by operating activities was $13,123
for the period ended September 30, 2005.

Investing Activities.

     The net cash provided by investing activities was $935 for
the period ended September 30, 2005; this was the result of cash
acquired in the reverse merger transaction with Senz-It.

Liquidity and Capital Resources.

     As of September 30, 2005, the Company had total current
assets of $55,300 and total current liabilities of $1,238,558,
resulting in a working capital deficit of $1,183,258.  At
September 30, 2005, the Company's assets consisted primarily of
net accounts receivable totaling $38,577, inventory of $14,430,
and cash of $2,293.  During the period ended September 30, 2005,
the Company incurred a net loss of $205,169, and the Company had
an accumulated deficit of $1,312,220 as of September 30, 2005.

     These factors raise substantial doubt as to the Company's
ability to continue as a going concern.  The Company's
independent accountants' audit report included in the Form 10-KSB
for the year ended December 31, 2004 includes a substantial doubt
paragraph regarding the Company's ability to continue as a going concern.

     The accompanying financial statements have been prepared
assuming that the Company continues as a going concern that
contemplates the realization of assets and the satisfaction of
liabilities in the normal course of business assuming the Company
will continue as a going concern.  However, the ability of the
Company to continue as a going concern on a longer-term basis
will be dependent upon its ability to generate sufficient cash
flow from operations to meet its obligations on a timely basis,
to retain its current financing, to obtain additional financing,
and ultimately attain profitability.

     The Company's current cash flow from operations will not be
sufficient to maintain its capital requirements for the next
twelve months.  The Company believes it will need to raise up to
$5,000,000 during the next twelve months so it may continue
executing its business plans.  Whereas the Company has in the
past raised capital (in the absence of any equity investment, the
Company has previously relied upon short-term borrowings in the
form of purchase order and invoice factoring), no assurance can
be given that these sources of financing will continue to be
available to the Company and/or that demand for our equity/debt
instruments will be sufficient to meet its capital needs, or that
financing will be available on terms favorable to the Company.
As of September 30, 2005, the Company had no significant sources
of liquidity.  The financial statements do not include any
adjustments relating to the recoverability and classification of
liabilities that might be necessary should the Company be unable
to continue as a going concern.

     If funding is insufficient at any time in the future, the
Company may not be able to take advantage of business
opportunities or respond to competitive pressures, or may be
required to reduce the scope of its planned product development
and marketing efforts, any of which could have a negative impact
on its business, operating results and financial condition.  In
addition, insufficient funding may have a material adverse effect
on the Company's financial condition, which could require it to:

     - curtail operations significantly;

     - sell significant assets;

     - seek arrangements with strategic partners or other parties
       that may require the Company to relinquish significant
       rights to products, technologies or markets; or

     - explore other strategic alternatives including a merger or
       sale of the Company.

     To the extent that the Company raises additional capital
through the sale of equity or convertible debentures, the
issuance of such securities may result in dilution to existing
stockholders.  If additional funds are raised through the
issuance of convertible debentures, these securities may have
rights, preferences and privileges senior to holders of common
stock and the terms of such debt could impose restrictions on the
Company's operations.  Regardless of whether the Company's cash
assets prove to be inadequate to meet the Company's operational
needs, the Company may seek to compensate providers of services
by issuance of stock in lieu of cash, which may also result in
dilution to existing shareholders.

     The net cash used in financing activities was $11,765 for the
period ended September 30, 2005.

Contractual Obligations.

     The Company is obligated under a capital lease for
manufacturing equipment. For financial reporting purposes,
minimum lease payments relating to the equipment have been
capitalized. The capital lease obligation totaling $10,300
requires twelve minimum monthly lease payments of $425 and a
final payment of $9,450, with an imputed interest rate of 8.5%.
The future minimum lease payments required under the capital
lease obligation as of September 30, 2005, are as follows:

October 1, 2005 through December 31, 2005              $  8,600
Less: amount representing interest                          425

Present value of minimum lease payments                $  8,175

Off Balance Sheet Arrangements.

     The Company does not engage in any off balance sheet
arrangements that are reasonably likely to have a current or
future effect on our financial condition, revenues, results of
operations, liquidity or capital expenditures.

Inflation.

     The impact of inflation on our costs and the ability to pass
on cost increases to its customers over time is dependent upon
market conditions. We are not aware of any inflationary pressures
that have had any significant impact on our operations over the
past quarter, and the Company does not anticipate that
inflationary factors will have a significant impact on future
operations.

Critical Accounting Policies.

     The Securities and Exchange Commission ("SEC") has issued
Financial Reporting Release No. 60, "Cautionary Advice Regarding
Disclosure About Critical Accounting Policies" ("FRR 60"),
suggesting companies provide additional disclosure and commentary
on their most critical accounting policies.  In FRR 60, the SEC
has defined the most critical accounting policies as the ones
that are most important to the portrayal of a company's financial
condition and operating results, and require management to make
its most difficult and subjective judgments, often as a result of
the need to make estimates of matters that are inherently
uncertain.  Based on this definition, the Company's most critical
accounting policies include: (a) use of estimates in the
preparation of financial statements; (b) stock based compensation
arrangements; and (c) revenue recognition.  The methods,
estimates and judgments the Company uses in applying these most
critical accounting policies have a significant impact on the
results the Company reports in its financial statements.

(a)  Use of Estimates in the Preparation of Financial Statements.

     The preparation of these financial statements requires the
Company to make estimates and judgments that affect the reported
amounts of assets, liabilities, revenues and expenses, and
related disclosure of contingent assets and liabilities.  On an
on-going basis, the Company evaluates these estimates, including
those related to revenue recognition and concentration of credit
risk.  The Company bases its estimates on historical experience
and on various other assumptions that is believed to be
reasonable under the circumstances, the results of which form the
basis for making judgments about the carrying values of assets
and liabilities that are not readily apparent from other sources.
Actual results may differ from these estimates under different
assumptions or conditions.

(b)  Stock-Based Compensation Arrangements.

     The Company intends to issue shares of common stock to
various individuals and entities for management, legal,
consulting and marketing services.  These issuances will be
valued at the fair market value of the service provided and the
number of shares issued is determined, based upon the open market
closing price of common stock as of the date of each respective
transaction.  These transactions will be reflected as a component
of selling, general and administrative expenses in the
accompanying statement of operations.

(c)  Revenue Recognition.

     Sales and construction of customized commercial products are
recognized under the percentage-of-completion basis when: (1)
Contracts executed by the parties normally include provisions
that clearly specify the enforceable rights regarding goods or
service to be provided and received by the parties, the
consideration to be exchanged, and the manner and terms of
settlement; (2) the buyer can be expected to satisfy his
obligations under the contract; (3) the Company can be expected
to perform our contractual obligations; and (4) the Company can
make reasonably dependable estimates of costs to complete and the
extent of progress toward completion.  The Company measures the
extent of progress toward completion by using a ratio of costs
incurred to total estimated costs.  The effects of changes in the
estimates, if any, are reported in the period of change and
subsequent periods.  Contracts not meeting the above criteria are
reported on the completed contract method.  All other sales of
products are recognized upon delivery.

Forward Looking Statements.

     Information in this Form 10-QSB contains "forward looking
statements" within the meaning of Rule 175 of the Securities Act
of 1933, as amended, and Rule 3b-6 of the Securities Act of 1934,
as amended.  When used in this Form 10-QSB, the words "expects,"
"anticipates," "believes," "plans," "will" and similar
expressions are intended to identify forward-looking statements.
These are statements that relate to future periods and include,
but are not limited to, statements regarding our adequacy of
cash, expectations regarding net losses and cash flow, our need
for future financing, our dependence on personnel, and our
operating expenses.

     Forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ
materially from those projected.  These risks and uncertainties
include, but are not limited to, those discussed above as well as
risks set forth above under "Factors That May Affect Operating
Results."  These forward-looking statements speak only as of the
date hereof.  The Company expressly disclaims any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in its expectations with regard thereto or any change in events,
conditions or circumstances on which any such statement is based.

PART II - OTHER INFORMATION

ITEM 6.  EXHIBITS.

     Exhibits included or incorporated by reference herein are
set forth in the attached Exhibit Index.

                               SIGNATURES

     Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the Company has duly caused this
report to be signed on its behalf by the undersigned, thereunto
duly authorized.

                                       World Am, Inc.



Dated: April 28, 2006                  By: /s/ Robert A. Hovee
                                       Robert A. Hovee,
                                       Chief Executive Officer


Dated: April 28, 2006                  By: /s/ David J. Barnes
                                       David J. Barnes,
                                       Chief Financial Officer


                               EXHIBIT INDEX

Number                         Description

2.1     Agreement and Plan of Merger between the Company and Allmon
        Corporation, dated May 11, 2000 (incorporated by reference
        to Exhibit 2.1 of the Form 8-K12g-3 filed on May 16, 2000).

2.2     Stock Purchase Agreement between the Company, Isotec,
        Incorporated, and selling shareholders, dated February 22,
        2000 (incorporated by reference to Exhibit 2.2 of the Form
        10-QSB filed on May 21, 2001).

2.3     Share Exchange Agreement between the Company and World Am
        Security Venture Company, Ltd., dated May 18, 2004
        (incorporated by reference to Exhibit 2 of the Form 8-K
        filed on May 26, 2004).

3.1     Articles of Incorporation, dated July 5, 2002 (incorporated
        by reference to Exhibit 3.1 of the Form 10-QSB/A filed on
        February 5, 2004).

3.2     Certificate of Amendment to Articles of Incorporation, dated
        August 20, 2002 (incorporated by reference to Exhibit 3.2 of
        the Form 10-QSB/A filed on February 5, 2004).

3.3     Certificate of Amendment to Articles of Incorporation, dated
        December 20, 2002 (incorporated by reference to Exhibit 3.3
        of the Form 10-QSB/A filed on February 5, 2004).

3.4     Certificate of Amendment to Articles of Incorporation, dated
        August 2, 2004 (incorporated by reference to Exhibit 3.4 of
        the Form 10-QSB filed on August 20, 2004).

3.5     Certificate of Amendment of Articles of Incorporation, dated
        November 8, 2004 (incorporated by reference to Exhibit 3.1
        of the Form 8-K filed on November 16, 2004).

3.6     Certificate of Amendment of Articles of Incorporation, dated
        December 1, 2004 (incorporated by reference to Exhibit 3.2
        of the Form 8-K filed on November 16, 2004).

3.7     Bylaws, dated May 15, 2000 (incorporated by reference to
        Exhibit 3.2 of the Form 8-K12g-3 filed on May 16, 2000).

4.1     Employee Stock Incentive Plan, dated January 22, 2001
        (incorporated by reference to Exhibit 4.1 of the Form S-8
        filed on January 29, 2001).

4.2     Non-Employee Directors and Consultants Retainer Stock Plan,
        dated January 5, 2001 (incorporated by reference to Exhibit
        4.2 of the Form S-8 filed on January 29, 2001).

4.3     Common Stock Purchase Agreement between the Company and Four
        Way Associates, Inc., dated June 1, 2001 (incorporated by
        reference to Exhibit 4.3 of the Form SB-2 filed on August 28, 2001).

4.4     Amended and Restated Employee Stock Incentive Plan, dated
        November 20, 2001 (incorporated by reference to Exhibit 4.1
        of the Form S-8 POS filed on January 31, 2002).

4.5     Amended and Restated Non-Employee Directors and Consultants
        Retainer Stock Plan, dated November 20, 2001 (incorporated
        by reference to Exhibit 4.2 of the Form S-8 POS filed on
        January 31, 2002).

4.6     2002 Non-Employee Directors and Consultants Retainer Stock
        Plan, dated September 12, 2002 (incorporated by reference to
        Exhibit 4 of the Form S-8 filed on September 18, 2002).

4.7     2002 Stock Compensation Plan, dated December 16, 2002
        (incorporated by reference to Exhibit 4 of the Form S-8
        filed on December 23, 2002)

4.8     2003 Consultants Stock Compensation Plan dated August 19,
        2003 (incorporated by reference to Exhibit 4 of the Form S-8
        filed on August 22, 2003).

4.9     2003  Non-Qualified  Stock  Option  Plan, dated September
        29, 2003  (incorporated by reference to Exhibit 4 of the
        Form S-8 filed on October 1, 2003).

4.10    Amended and Restated Non-Employee Directors and Consultants
        Retainer Stock Plan (Amendment No. 2), dated February 10,
        2004 (incorporated by reference to Exhibit 4 of the Form S-8
        POS filed on February 13, 2004).

4.11    Amended and Restated Non-Employee Directors and Consultants
        Retainer Stock Plan (Amendment No. 3), dated June 1, 2004
        (incorporated by reference to Exhibit 4 of the Form S-8 POS
        filed on June 10, 2004).

4.12    Amended and Restated Employee Stock Incentive Plan
        (Amendment No. 2), dated July 15, 2004 (incorporated by
        reference to Exhibit 4 of the Form S-8 POS filed on August
        6, 2004).

4.13    Amended and Restated Non-Employee Directors and Consultants
        Retainer Stock Plan (Amendment No. 4), dated October 12,
        2004 (incorporated by reference to Exhibit 4 of the Form S-8
        POS filed on October 19, 2004).

4.14    Amended and Restated Non-Employee Directors and Consultants
        Retainer Stock Plan (Amendment No. 5), dated December 1,
        2004 (incorporated by reference to Exhibit 4 of the Form S-8
        POS filed on December 13, 2004).

10.1    Employment Agreement between the Company and James
        Alexander, dated February 20, 2002 (incorporated by
        reference to Exhibit 10.4 of the Form 10-QSB filed on May
        14, 2002).

10.2    Amendment A to Employment Agreement between the Company and
        James Alexander, dated as of February 20, 2002 (incorporated
        by reference to Exhibit 10.1 of the Form 10-KSB filed on
        April 11, 2003).

10.3    Amendment B to Employment Agreement between the Company and
        James Alexander, dated January 15, 2004 (incorporated by
        reference to Exhibit 10.3 of the Form 10-KSB filed on April
        20, 2004).

10.4    Share Exchange Agreement between the Company, on the one
        hand, and Senz-It, Inc. and the shareholder of Senz-It, on
        the other hand, dated June 10, 2005 (including the
        following: Exhibit A: Shares to be Issued; Exhibit B:
        Warrant; Exhibit C: Series B Preferred Stock Certificate of
        Designation; and Exhibit I: Funding Schedule) (not including
        the following: Exhibit D: World Am, Inc. Officer's
        Certificate; Exhibit E: Senz It, Inc. Officer's Certificate;
        Exhibit F: Senz It Financial Statements; Exhibit G: Senz It
        Contracts; Exhibit H: World Am Contracts; Exhibit J: Form 8-
        K; Exhibit K: Press Release; Schedule 5.7: Taxes; and
        Schedule 5.9: Legal Proceedings) (incorporated by reference to
        Exhibit 10.1 of the Form 8-K/A filed on September 7, 2005).

10.5    First Amendment to Share Exchange Agreement between the
        Company, on the one hand, and Senz-It, Inc. and the
        shareholder of Senz-It, on the other hand, dated August 31,
        2005 (incorporated by reference to Exhibit 10.2 of the Form 8-K/A
        filed on September 7, 2005).

10.6    Option to Exclusive License Agreement between Senz-It Inc.
        and The Research Foundation of State University of New York,
        dated June 20, 2005 (incorporated by reference to Exhibit 10.3
        of the Form 8-K/A filed on September 7, 2005).

10.7    Venture Acceleration Agreement between Senz-It, Inc. and
        Select University Technologies, Inc., dated June 20, 2005
        (incorporated by reference to Exhibit 10.4 of the Form 8-K/A
        filed on November 28, 2005).

14      Code of Business Conduct and Ethics, adopted by the
        Company's board of directors (incorporated by reference to
        Exhibit 14 of the Form 10-KSB filed on April 20, 2004).

16      Letter on Change in Certifying Accountant (incorporated by
        reference to Exhibit 16 of the Form 8-K/A filed on July 12, 2004).

21      Subsidiaries of the Company (incorporated by reference to
        Exhibit 21 of the Form 10-KSB filed on April 16, 2002).

23      Consent of Independent Registered Public Accounting Firm
        (incorporated by reference to Exhibit 23 of the Form 10-KSB
        filed on April 21, 2005).

31.1     Rule 13a-14(a)/15d-14(a) Certification of Robert A. Hovee
        (filed herewith).

31 2     Section 1350 Certification of Robert A. Hovee (filed herewith).

32       Section 1350 Certification of Robert A. Hovee and David J. Barnes
         (filed herewith).

99.1     Confirmation of Provisional Patent Application, dated
         September 2, 2004 (incorporated by reference to Exhibit
         99.3 of the Form 10-KSB filed on April 21, 2005).

99.2     Confirmation of Provisional Patent Application, dated
         September 2, 2004 (incorporated by reference to Exhibit
         99.4 of the Form 10-KSB filed on April 21, 2005).

99.3     Press release issued by the Company, dated June 13,
         2005 (incorporated by reference to Exhibit 99 of the
         Form 8-K filed on June 16, 2005).

99.4     Press Release issued by the Company, dated August 9,
         2005 (incorporated by reference to Exhibit 99.2 of the
         Form 8-K/A filed on September 7, 2005).

99.5     Press Release issued by the Company, dated September 7,
         2005 (incorporated by reference to Exhibit 99.3 of the
         Form 8-K/A filed on September 7, 2005).

99.6     Press Release issued by the Company, dated November 7,
         2005 (incorporated by reference to Exhibit 99 of the
         Form 8-K filed on November 14, 2005).

99.7     Press Release issued by the Company, dated November 14,
         2005 (incorporated by reference to Exhibit 99 of the
         Form 8-K filed on November 16, 2005).