SOURCE: Worldwide Manufacturing USA, Inc.

August 16, 2007 09:30 ET

Worldwide Manufacturing USA, Inc. Announces Record Second Quarter Results

SAN BRUNO, CA and SHANGHAI, CHINA--(Marketwire - August 16, 2007) - Worldwide Manufacturing USA, Inc. ("Worldwide") (OTCBB: WWMU) (, an engineering firm, contract manufacturer and direct manufacturer of die-casting, machining, electronics products and air-condition units for automobiles, today announced record second quarter results for June 30, 2007. Revenues increased approximately 43% as compared to the same period last year. Revenues were $4,088,536 compared to $2,861,897 for the same period last year, or an increase of $1,226,639. Net income before income tax saw a profit of $226,132 earnings per share compared to $113,766 for the same period last year. The increase of $112,366 or approximately 99% reflects the Company's strong continued growth and profitability. For the six months ending June 30, 2007, revenues were $6,875,335, an increase of $1,637,999 or approximately 31%, compared to net sales of $5,237,336 for the same period in 2006. Net income before taxes for the six month period was $343,441, an increase of $187,543 or an increase of approximately 120% over last year's same period results of $155,898. The increase in revenues and profit was attributed to the strong demand the Company is receiving for its products and services. Jimmy Wang, CEO of Worldwide, stated, "I am extremely pleased with these results. Our trend of record revenues continues along with strong profitability. We have been able to achieve double digit growth along with strong profitability. It is apparent our business model is working, as evidenced by the recent announcement of a million dollar order for stamping products by Gilbarco Inc., a large subsidiary of Danaher Corporation. We plan to continue with this model, which includes further acquisitions in the future." Additionally, Mr. Wang commented that 2007 is anticipated to be another record year for profitability and revenue growth.

About Worldwide Manufacturing USA, Inc.

Worldwide Manufacturing USA, Inc. ("Worldwide") is headquartered in San Bruno, California. 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. Worldwide is a 14-year-old engineering-oriented firm specializing in international contract manufacturing and is also a direct manufacturer of automobile air-conditioning units, die-casting and electronics components. Its customers include the industries of wireless telecommunications, aerospace, automobiles and medical equipment. Worldwide also manufactures components for industries of instrumentation, machinery, tools, home electrical solutions and electronic parts, such as electronic toys.

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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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