SOURCE: Worldwide Energy & Manufacturing USA, Inc.

February 22, 2010 17:32 ET

Worldwide Energy and Manufacturing USA Announces Gerald DeCiccio as Chief Financial Officer

SOUTH SAN FRANCISCO, CA and SHANGHAI, CHINA--(Marketwire - February 22, 2010) -  Worldwide Energy and Manufacturing USA, Inc. (OTCBB: WEMU) today announced the appointment of Gerald DeCiccio as Chief Financial Officer, effective February 18, 2010. Jeff Watson, who has resigned as Acting Chief Financial Officer of the company, will continue to serve as Worldwide's President. To focus on his new role, Mr. DeCiccio has resigned as a director of the Company.

Mr. DeCiccio served as a director of Worldwide from June 1, 2009 until his resignation on February 18, 2010. Since June 2007, Mr. DeCiccio has been the Vice President and Corporate Controller of Ritz Interactive, Inc. Prior to that he was the Chief Financial Officer and a board member of GTC Telecom Corp. and its subsidiary, Perfexa Solutions, Inc. (Mr. DeCiccio took GTC public in 1999) and Chief Financial Officer for National Telephone & Communications, Inc. In these roles, he managed the finance, accounting, SEC reporting, treasury, human resources, investor relations, and legal departments. Mr. DeCiccio also held senior financial roles at Newport Corporation and Parker Hannifin Corporation and was a Supervising Senior Accountant for Ernst and Young. He has also been a member of the Board of Directors and Audit Committee for Interplay Entertainment, Inc. and GT Data Corp.

Jimmy Wang, chairman and chief executive officer of Worldwide, commented: "We are very pleased to have Gerald serve as our chief financial officer as his service as a director has been exemplary. His knowledge of our company and his extensive experience in corporate finance and SEC reporting make him a logical choice as we continue to pursue our growth strategies and expand our manufacturing capacity. I'd also like to thank Jeff for his excellent work as Acting CFO and for his continuing work as our President. Both of their talents will be invaluable as we position as a leading solar manufacturer."

About Worldwide Energy and Manufacturing USA, Inc.

Worldwide Energy and Manufacturing USA, Inc. (, headquartered in South San Francisco, California, is a profitable 16-year-old engineering-oriented firm specializing in photovoltaic (PV) panel, mechanical, electronics and fiber optic products manufacturing. The company's worldwide customer base includes the industries of solar energy, wireless telecommunications, aerospace, automobile 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. Worldwide sells its advanced solar modules under the AmeriSolar brand name in more than ten countries including the United Kingdom, Germany, Italy, Switzerland, Portugal, France, Spain, Australia, South Korea, and the United States.

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.

Contact Information