SOURCE: Worldwide Manufacturing USA, Inc.

January 08, 2008 09:00 ET

Company Plans to Enter Alternative Energy Space With Production of Photovoltaic Cells and Modules for Residential, Commercial, Industrial and Public Utility Applications

Worldwide Manufacturing USA Inc. Has Filed to Change Its Name to Worldwide Energy and Manufacturing USA, Inc.

SAN BRUNO, CA and SHANGHAI, CHINA--(Marketwire - January 8, 2008) - Worldwide Manufacturing USA Inc. (OTCBB: WWMU) announced today that it will manufacture photovoltaic cells and modules for residential, commercial, industrial and public utility applications. The company has filed to change its name to Worldwide Energy and Manufacturing USA, Inc. to reflect its move into the alternative energy sector.

CEO Jimmy Wang said, "This name change will better reflect the expansion of our business into energy-related products. Our extensive manufacturing capability in China will allow us to enter the solar module space with major price and quality competitive advantages in 2008. We intend to manufacture and distribute solar modules worldwide for commercial, residential, industrial and public utility applications."

The Company believes its entrance into the solar module space and the continued expansion of its product lines will generate revenues of approximately $35 million and net income of $2.35 million in 2008.

About Worldwide Energy and Manufacturing, Inc.

Worldwide Manufacturing, Inc. ("Worldwide"), headquartered in San Bruno, California, is a 14-year-old engineering-oriented firm specializing in international contract manufacturing for 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, Inc., please visit www.wwmusa.com. You may register to receive Worldwide Energy and Manufacturing, 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.

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