Worldwide Energy and Manufacturing USA Announces Preliminary First Quarter 2010 Revenue Guidance
Press Release Source: Worldwide Energy and Manufacturing USA, Inc. On Tuesday May 11, 2010, 3:02 pm EDT
SOUTH SAN FRANCISCO, CA and SHANGHAI, CHINA--(Marketwire - 05/11/10) -
* First Quarter Revenue: Approximately $30 Million, up 190% over the Same Period Last Year
* First Quarter Net Income Expected to exceed First Quarter Net Income for the Same Period Last Year
Worldwide Energy and Manufacturing USA, Inc. (OTC.BB:WEMU - News), a U.S.-based solar module technology and China manufacturing company specializing in products for customers in the industries of solar energy, aerospace, wireless telecommunications, medical equipment and automotive industries, today announced preliminary financial guidance for the first quarter ended March 31, 2010.
The Company announced today that expected revenue for the first quarter ended March 31, 2010 is approximately $30 million, an increase of 190% over the same period last year. Net income is conservatively expected to exceed first quarter income for the same period last year.
Jimmy Wang, chief executive officer, stated: "We are extremely pleased with our first quarter results. We are strongly positioned for extraordinary growth in our solar division this year. I look forward to sharing our full financial results in the very near future."
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