Worldwide’s impressive first quarter growth was largely driven by increased sales of the Company’s AmeriSolar brand of photovoltaic modules. The solar division posted record sales of $26.21 million, an increase of approximately 280.4% from $6.89 million in the first quarter of 2009. Gross profit for the solar division was $2.80 million in the first quarter of 2010, an increase of approximately 184.3% from $0.99 million in the same period of 2009. Solar is one of the fastest growing sectors of the clean tech industry. Despite a recent solar industry slowdown, Worldwide’s solar division has continued to grow. The division’s backlog currently stands at approximately $82 million dollars.

First quarter highlights include:

• Revenues for the first quarter of 2010 were $30.33 million, an increase of 195% compared to $10.28 million for the first quarter of 2009.
• Net income for the first quarter totaled $1.95 million, up 195% from $0.67 million in the same quarterly period of 2009.
• Basic and diluted net income increased 105% to $0.39 per share, compared to $0.19 per share for the first quarter of 2009.
• Gross profit increased to $3.79 million from $1.72 million, representing an increase of 120.6% for the same period a year ago.

Although the solar division accounts for the bulk of sales, Worldwide’s global customer base also includes the industries of wireless telecommunications, aerospace, automobiles and medical equipment, representing a $60 billion market in the U.S. alone. Fortune 500 clients include GE, GM Shanghai, Tyco, Danaher, Flextronics, Smith Industries, and Andrew.

In their May 18th earnings call, Worldwide President Jeff Watson stated that the Company expects 2010 to be another record year. Worldwide plans to release guidance for the full year after releasing their second quarter earnings in August 2010. The Company also anticipates acceptance to a senior exchange in the near future.

Disclosure: The subject security is a client of RedChip Companies, Inc. RedChip Companies, Inc., employees and affiliates may have positions and affect transactions in the securities or options of the issuers mentioned herein. For full financial disclosures for all RedChip clients, please visit http://www.redchip.com/disclosures.asp?src=rcv.

WEMU solar panel manufactured at its Ningbo factory

BREAKING NEWS:  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 received a new 3.8 MW solar module contract for a customer in Spain. The contract is valued at approximately US$8.8 million and has been scheduled for delivery over a six-month period:  August, September, November, December 2009; and January, February 2010.  

Jimmy Wang, chief executive officer of Worldwide Energy, stated: 

“This contract further validates are unique business model and our superior solar technology. We have simply built a better solar module with more structural integrity and better long-term efficiency. Further, our unique combination of in-house manufacturing and outsourced solar panel manufacturing gives us the ability to deliver high-quality solar panels quickly and efficiently while maintaining competetive gross margins.”

Worldwide now sells it solar panels in ten countries including Germany, Italy, Switzerland, Portugal, France, Spain, Australia, South Korea, Japan, and the United States.

Wang added: 

“With our competitive edge, better quality control technology and strong sales contacts, we continue to win new customers while continuing to grow our revenues and earnings quarter-over-quarter and year-over-year.”

About Worldwide Energy and Manufacturing USA, Inc.
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.

Forward-looking statements:
The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as “anticipate,” “appear,” “believe,” “could,” “estimate,” “expect,” “hope,” “indicate,” “intend,” “likely,” “may,” “might,” “plan,” “potential,” “project,” “seek,” “should,” “will,” “would,” and other variations or negative expressions of these terms, including statements related to expected market trends and the Company’s performance, are all “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. 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 external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company’s expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based.

When consumers began seeking out new alternatives to oil and fossil fuels for energy and transportation, it opened a significant opportunity for solar power innovation. One of the companies leading in the development of the solar industry is Amerisolar, a subsidiary of Worldwide Energy and Manufacturing USA, Inc. (OTC BB: WEMU). With triple-digit revenue growth for the second quarter 2008 ($6.9M compared to $2.6M for 2Q07) and a recent procurement of $8.2 million in new solar module contracts, WEMU continues to outperform the market and exceed our expectations.

The $8.2 million in new solar module contracts brings total book order for WEMU’s solar division, Amerisolar, to $38 million, making them an earnings leader in their industry. It is also important to mention that WEMU has projected that the new solar module contracts are scheduled to be filled by the end of this year.

WEMU’s CEO Jimmy Wang, stated in the press release out this week:

“We are pleased by the continued demand for solar modules contracts which is demonstrated by the continued strong demand in our energy division. The worldwide need for alternative energy sources will continue to drive our growth. Our solar energy resources, our Fortune 500 customer base and our aggressive sales team, combined with our recent $4.75 million funding, gives our company tremendous momentum. We are aggressively continuing to grow our solar module market share.”

With a strong customer base, along with continued technological innovation and revenue growth, WEMU would make a strong addition to your investment portfolio.

Request a WEMU Information Kit

To learn more about WEMU and other exciting small-cap investment opportunities, please visit www.redchip.com.

New Contract Valued at 8.2 Million

SOUTH SAN FRANCISCO, CA and SHANGHAI, CHINA–(MARKET WIRE)–Oct 27, 2008 — Worldwide Energy and Manufacturing USA, Inc. (OTC BB:WEMU.OB – News), 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 solar module contracts for new orders valued at approximately $8.2 million. The company expects all contracts to be filled and recorded in the 2008 calendar year. These orders demonstrate Worldwide’s successful implementation into the renewable energy market.

About Worldwide Energy and Manufacturing USA, Inc.

Worldwide Energy and Manufacturing USA, Inc. (“Worldwide”), headquartered in South San Francisco, California, is a 14-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.

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.

�
Contact:

Contact: At the company: Worldwide Energy and Manufacturing USA, Inc. Jimmy Wang 650-794-9888, Ext. 221 jimmyw@wwmusa.com http://www.wwmusa.com Investor relations: Dave Gentry RedChip Companies, Inc. 1-800-REDCHIP (733-2447), Ext. 104 Dave@redchip.com http://www.RedChip.com