September 8, 2008
Worldwide Energy and Manufacturing Announces $7.63 Million in New Solar Module Contracts
Worldwide Energy and Manufacturing USA, Inc. (OTCBB: WEMU), a U.S.-based China manufacturing company specializing in products for customers in the industries of solar energy, aerospace, wireless telecommunications, medical equipment and automotive, today announced that its solar division, AmeriSolar, has signed $7.63 million in new solar module contracts from two new customers. To date, AmeriSolar has signed approximately $22 million in new contracts all of which is expected to be recorded during the 2008 calendar year.
Worldwide Energy's Chief Executive Officer Jimmy Wang stated, "Our solar division continues to obtain new module contracts demonstrating our successful integration into the renewable energy market. The worldwide demand for renewable alternative energy sources continue to drive our strong growth. We are excited about our strong financial performance, which has surpassed the company's projected revenues for the solar division for 2008. We will continue to expand our market share in the solar sector as we become one of the fastest growing companies in the clean-tech industry."
Worldwide Energy and Manufacturing USA, Inc. ("Worldwide"), headquartered in South San Francisco, California, is a 15-year-old engineering-oriented firm specializing in PV panel, mechanical, electronics and fiber optic products manufacturing. The company's worldwide customer base includes the industries of solar energy, wireless telecommunications, aerospace, automobiles and medical equipment. Subsidiaries include Shanghai Intech Electro Mechanical Products Co. Ltd., Shanghai Intech Electronics Manufacturing Co. Ltd. and Shanghai Intech Precision Mechanical Products Manufacturing Co. Ltd., located in Shanghai, China.
For further information on Worldwide Energy and Manufacturing USA, Inc., please visit http://www.wwmusa.com. You may register to receive Worldwide Energy and Manufacturing USA, Inc.'s future press releases or request to be added to the Company's distribution list by contacting John Ballard.
The above news release contains forward-looking statements. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances, and are subject to a wide range of business risks, external factors and uncertainties. Actual results may differ materially from those indicated by such forward-looking statements. The Company assumes no obligation to update the information contained in this press release, whether as a result of new information, future events, or otherwise.
Contact: At the company: Worldwide Energy and Manufacturing USA, Inc. Jimmy Wang 650-794-9888, Ext. 221 [email protected]http://www.wwmusa.com Investor Relations: HC International, Inc. Thomas Walsh 212-398-3486 [email protected] Valter Pinto 914-669-0222 x201 [email protected]
SOURCE: Worldwide Energy & Manufacturing USA, Inc.