SOURCE: Worldwide Energy & Manufactuing USA, Inc.

Worldwide Energy & Manufactuing USA, Inc.

February 10, 2011 07:00 ET

Worldwide Energy & Manufacturing USA, Inc. Expects Revenue Increases in 2011 to Outpace Industry Growth

Solarbuzz Estimates Global Photovoltaic Solar Installations Expected to Rise Approximately 25% in 2011

SOUTH SAN FRANCISCO, CA--(Marketwire - February 10, 2011) -   Worldwide Energy & Manufacturing USA, Inc. (OTCBB: WEMU) ("Worldwide" or the "Company"), a rapidly growing supplier of photovoltaic (PV) solar modules under the 'Amerisolar' brand, announced today that it expects revenue in 2011 to continue to grow in excess of the solar industry.

According to Solarbuzz, an international solar energy research and consulting company and provider of market intelligence for the industry, global photovoltaic solar installations are expected to rise approximately 25% in 2011 to reach 20.4 gigawatts (GW), up from an increased forecast of 16.3 GW for 2010. As a result of the increased forecast, Solarbuzz now anticipates 117% growth for the solar industry in 2010. Solarbuzz noted that changes in Germany and the Czech Republic are thought to be responsible for the expected slowdown in 2011 relative to 2010.

"In the past, we have grown at a higher rate than the solar industry," commented Jimmy Wang, CEO of Worldwide. "Based on the strong demand we are experiencing for our Amerisolar modules, we expect this trend to continue in 2011. As in the past, we will continue to strive for growth in excess of the solar industry. Europe remains a very strong market for our products and we anticipate that demand for renewable solar energy will continue to increase globally as the outlook for our industry remains very positive."

About Worldwide Energy & Manufacturing USA, Inc.

Worldwide Energy & Manufacturing USA, Inc., headquartered in South San Francisco, California with manufacturing facilities in China, is a rapidly growing manufacturer of photovoltaic (PV) solar modules under the 'Amerisolar' brand. Founded in 1993, the Company sells its products primarily to clients in Europe, North America and Asia. The Company also operates several subsidiaries in the People's Republic of China (PRC) that provide mechanical, electronic and fiber optic products manufacturing. For more information about Worldwide Energy & Manufacturing USA, please visit its website at http://www.wwmusa.com.

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The information contained herein includes forward-looking statements. These statements relate to future events or to our future anticipated financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding the progress of new product development and market conditions. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We do not intend to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act. 

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