SOURCE: Worldwide Energy & Manufacturing USA, Inc.

Worldwide Energy & Manufacturing USA, Inc.

January 19, 2011 07:45 ET

Worldwide Energy & Manufacturing USA, Inc. Sees Growth Higher Than Solar Industry

Expects to Achieve 2010 Revenue Growth Rate in Excess of Industry

SOUTH SAN FRANCISCO, CA--(Marketwire - January 19, 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 continues to see revenue growth that is higher than the growth of the solar industry as demand for PV modules continues to fuel the Company's growth.

According to iSuppli, a global provider of market intelligence services, global photovoltaic solar installations grew 120.5% in 2010 fueled by robust market conditions and strong sales in Germany that were driven by "excellent investment conditions and demand pull-forward prior to a cut of the country's Feed-in-Tariff (FIT) incentive program in July." Global installations of renewable solar energy systems in 2010 grew at a very strong rate according to iSuppli, reaching 16.0 gigawatts (GW) up from 7.2 GW in 2009.

"Our ongoing goal is to continue to strive for company growth that is in excess of the PV solar industry," said Jimmy Wang, CEO of Worldwide. "We anticipate that revenues for 2010 will have increased by approximately 165% to the upper end of our $160 to $165 million forecast, fuelled by the rising demand for clean solar energy and the sales of our Amerisolar brand modules. We have always grown at a higher rate than the solar industry and our desire is to continue to grow more rapidly than the industry."

Mr. Wang added, "Amerisolar modules have passed many international certification requirements and we continue to upgrade our product quality and performance. Quality is one of our core values and insistence on quality will drive our efforts as we continue to improve our products."

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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