Wednesday April 9, 9:36 am ET
SAN BRUNO, CA and SHANGHAI, CHINA--(MARKET WIRE)--Apr 9, 2008 -- Worldwide Energy and Manufacturing USA, Inc. (OTC BB: WEMU.OB), a U.S.-based Chinese manufacturing company for the customers in the industries of aerospace, wireless telecommunications, medical equipment, automobiles and solar energy, today announced that the company received, in March, a solar module contract valued at EUR 3,057,166 (US$4,801,580) as per exchange rate closed on April 8, 2008 from one of the Europe's biggest end-user of solar energy products. Worldwide Energy and Manufacturing USA also announced that it has successfully completed a first shipment of 6 containers of solar modules for this customer, amounting to US$2,475,671 on March 29, 2008.
Jimmy Wang, CEO and Chairman of Worldwide, stated: "This first shipment of our solar energy product indicates that we are on track moving towards a triple-digit growth this year as I projected at the beginning of the year. Solar modules will be the breakthrough product leading to our explosive growth in both revenues and net earnings in the years to come."
About Worldwide Energy and Manufacturing USA, Inc.
Worldwide Energy and Manufacturing USA, Inc. ("Worldwide"), headquartered in San Bruno, California, is a 14-year-old engineering-oriented firm specializing in international contract manufacturing for solar modules, electronics, mechanical and fiber optic products. Worldwide is also a direct manufacturer of automobile air-conditioning units, die-casting and electronics components. The company's worldwide customer base includes the industries of wireless telecommunications, aerospace, solar energy, automobiles and medical equipment. Worldwide also manufactures components for the following industries: instrumentation, machinery, tools, home electrical solutions and electronic parts (such as electronic toys). Subsidiaries include Shanghai Intech Electro Mechanical Products Co. Ltd., Chengde Science & Technology Co. Ltd., Shanghai Intech Electronics Manufacturing Co. Ltd. and Shanghai Intech Precision Mechanical Products Manufacturing Co. Ltd., located in Shanghai and Changchun City, China.
For further information on Worldwide Energy and Manufacturing USA, Inc., please visit 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.
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
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