Monday April 21, 7:30 am ET
SAN BRUNO, CA and SHANGHAI, CHINA--(MARKET WIRE)--Apr 21, 2008 -- Worldwide Energy and Manufacturing USA, Inc. (OTC BB: WEMU.OB), a U.S.-based China manufacturing company for customers in the industries of aerospace, wireless telecommunications, medical equipment, automobiles and solar energy, today announced that Worldwide's wholly owned electronics factory, Shanghai Intech Electronics Products Manufacturing Company, has received several PC board assembly orders totaling $237,000 from its newly obtained U.S customer, CUI Inc., located in Tualatin, Oregon.
Out of the three products amounting to the value mentioned above, two are prototype products. This initial order could potentially lead to annual contracts of millions of dollars from this customer in the near future.
"This is a major milestone for the Company," said Jimmy Wang, CEO of Worldwide Manufacturing USA, Inc. "This initial order attests to the quality of our products and services and we see this as the beginning of a profitable product lifespan for Shanghai Intech Electronics Products," concluded Mr. Wang.
About CUI Inc.
CUI was formed in April 1989 to design, manufacture, and distribute electronic components for the Original Equipment Manufacturer (OEM) and the design engineer. The Company concentrates on two major market segments:
1) Components -- power suppliers, transformers, speakers, buzzers, converters and connectors.
2) Industrial control and power devices (encoders and industrial power devices).
As an importer and distributor, CUI has more than 30 years experience in international electronic parts procurement, which is a great favorable source for business. With the simple vision that of helping their customers, they offer the selection of drawings and specifications, detailed reports of an in-house quality control program, JIT, value-added, specialized packaging, and custom service programs to share for mutual success.
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, 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) and energy. 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.
Forward-looking statements:
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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