Not deterred by market heartaches, Worldwide Energy & Manufacturing USA (OTCBB: WEMU) announced extremely impressive financial results for the third quarter ended September 30, 2008. The seasoned industrial manufacturing firm has channeled its 14 years of manufacturing experience into the booming $23 billion a year solar industry, and the results speak for themselves. Comparing the nine months ended September 30, 2008 to 2007, revenues grew 283% from $8.M to $31.3M while net income rose 163% from $453,913 to $1.19M. These are serious numbers during any market, let alone today’s. 

By shifting the majority of its focus to the booming solar market, Worldwide Energy is focusing its extensive manufacturing talents on an industry that has been growing 47% a year for the past five  years.  This concentration has paid off in the form of $38 million in new solar module contracts this year. The heavy volume of contract bids WEMU is receiving are due, in part, to its patented solar panel design that makes their panels rust proof, more durable, and far stronger than their industry peers. The average solar panel will last anywhere from 3 to 10 years while WEMU’s can last up to 25 years.

This remarkable triple-digit top- and bottom-line growth is anticipated to continue for WEMU far into the future. With an expected $40M in revenues and $1.75M in earnings for 2008, $80M in revenues and $5.2M in earnings for 2009, and $160M in revenues and $12.8M in earnings for 2010, WEMU is expecting a profitable future. Also, if WEMU, currently trading at $4.50, trades in line with comparable peer group companies such as SPIR that have revenues of $55M and trading at a PE multiple of 85, WEMU would be trading at $46.75!

Right now, more than ever, investing in companies that are profitable and have a path to the future is vital. WEMU is that company. WEMU presents a compelling investment due to their manufacturing expertise, triple-digit top- and bottom-line growth, profitable future, and focus on the booming solar industry. WEMU is the right company, in the right sector, at the right time.

VIDEO PRESENTATION GIVEN BY WEMU CEO, JIMMY WANG