RedChip Announces Its March 2010 New York Equities Growth Conference at the NASDAQ MarketSite Date : 03/09/2010 @ 10:50PM Source : GlobeNewswire Inc. Stock : (WEMU) Quote : 5.45 0.0 (0.00%) @ 8:04AM
RedChip Announces Its March 2010 New York Equities Growth Conference at the NASDAQ MarketSite
ORLANDO, Fla., March 10, 2010 GLOBE NEWSWIRE RedChip Companies, Inc. today announced that the CEOs and executive teams of over 25 emerging growth companies will deliver financial presentations during the 2010 RedChip New York Equities Growth Conference on March 23-24, 2010 at the NASDAQ MarketSite (4 Times Square) in New York City. In addition, RedChip will ring the NASDAQ Closing Bell on Tuesday, March 23rd.
The conference will feature keynote speakers on both days including Charles V. Payne, founder and Chief Analyst of Wall Street Strategies, who will speak on March 23rd during the event; and Stephen Moore, a senior economics writer for the Wall Street Journal editorial page, who will present his talk, "The World Economic Picture," on March 24th.
The participating companies represent a wide range of sectors including Biotechnology, Healthcare, Education, Oil & Gas, Basic Materials, Consumer Goods, Alternative Energy, Precious Metals Mining, and more. The first day of the conference will spotlight China-based companies listed in the U.S. capital markets.
To date, companies scheduled to present include the following:
Worldwide Energy & Manufacturing USA, Inc. (OTCBB:WEMU)
China Electric Motor, Inc. (Nasdaq:CELM)
Andatee China Marine Fuel Services Corp. (Nasdaq:AMCF)
China Linen Textile Industry, Ltd. (OTCBB:CTXIF)
DAY 2: March 24th
WPCS International Incorporated (Nasdaq:WPCS)
ICOP Digital, Inc. (Nasdaq:ICOP)
Dolphin Digital Media, Inc. (OTCBB:DPDM)
DRI Corporation (Nasdaq:TBUS)
Aethlon Medical, Inc. (OTCBB:AEMD)
NovaGold Resources, Inc. (TSX:NG) (AMEX:NG)
South American Silver Corp. (TSX:SAC)
S & W Seed Company (Private)
G-Willi Food International Ltd. (Nasdaq:WILC)
T3 Motion Inc. (OTCBB:TMMM)
Industrial Services of America Inc. (Nasdaq:IDSA)
Company presentations will be webcast live via http://www.RedChip.com both days, and participating investors will have the opportunity to meet one-on-one with the CEOs of presenting companies. Thousands of investors from across the United States, Europe and Asia are expected to watch the conference online at RedChip.com.
RedChip Radio host, Gary McKenzie, will be broadcasting live from the event on the RedChip Radio Network across the country and streaming live at http://www.redchip.com/visibility/Radio/radioMain.asp. In addition, RedChip TV™ will be on-site conducting interviews with CEOs. The interviews will be archived for viewing at RedChip.com one week following the event.
RedChip investor conferences are a nationally known forum at which emerging small-cap companies present their stories to hundreds of retail brokers, institutional brokers, fund managers, portfolio managers, accredited investors, and research analysts whose disciplined focus towards the small-cap markets represents their core investment strategies.
Attendance is free for pre-qualified financial professionals and investors. Preregistration is required and seating is limited. To register online, please visit http://www.redchip.com/conference?from=pr2252010 or call 1-800-RedChip (733-2447), Ext. 127.
About RedChip Companies, Inc.
RedChip Companies is an international, small-cap research and financial public relations firm headquartered in Orlando, Florida; with affiliate offices in Beijing, China; Paris, France; and Seoul, Korea. RedChip delivers concrete, measurable results for its clients through its extensive national and international network of small-cap institutional and retail investors. RedChip has developed the most comprehensive platform of products and services for small-cap companies, including: RedChip Research™, Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences, RedChip Small-Cap TV™, Shareholder Intelligence, Social Media and Blogging Services, Webcasts, and RedChip Radio™. To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/productsandservices.asp.
Worldwide Energy and Manufacturing USA Announces July Financial Update Date : 09/01/2010 @ 9:32AM Source : GlobeNewswire Inc. Stock : Worldwide Energy and Manufacturing USA, Inc. (WEMU) Quote : 3.15 0.23 (7.88%) @ 12:55PM
Worldwide Energy and Manufacturing USA Announces July Financial Update Worldwide Engy& Mfg Usa (BB) (OTCBB:WEMU) Intraday Stock Chart Today : Wednesday 1 September 2010
Worldwide Energy and Manufacturing USA, Inc. (OTCBB:WEMU) ("Worldwide" or the "Company"), a U.S.-based China manufacturing company specializing in products for customers in the solar energy, aerospace, wireless telecommunications, medical equipment and automotive industries, today provided a financial update for the month of July 2010 with selected income statement data.
Total revenues for the month of July were approximately $14.8 million, up 229% from $4.5 million in the same period last year. Sales from the Company's solar division totaled $13.1 million, an increase of 296% from $3.31 million in the same month of 2009. Contract manufacturing revenues were $1.7 million, up 43% year-over-year from $1.19 million. Solar Division and Contract Manufacturing sales made up 89% and 11%, respectively, of total sales in July. The Company's gross profit margin was 9.1% in the month of July.
Jimmy Wang, CEO of Worldwide, commented, "The first month of our third quarter has been a promising one. We have incurred all of the one-time overhead costs of moving from our Ningbo facility to the new Nantong facility in Rugao, which negatively impacted our profit margin in the second quarter. So far this quarter we have seen the profit margins improve for both the solar division and the Company as a whole.
Based on our strong July sales, we are on a run rate to generate over $44 million in revenues for the third quarter and much higher operating profit than that of the recently reported second quarter. As we continue to ramp up production at our new Nantong facility and build on our existing success in penetrating the crucial European solar market, we expect strong continued financial growth in the remainder of the year."
Global demand for solar and other sources of clean energy continues to grow, as China spent roughly $23 billion on wind, solar, and other renewable power sources in the first half of 2010, more than total spending on renewable energy by the United States and Europe combined, according to Bloomberg. The U.S. was the second largest clean energy spender, at $13.7 billion, while Brazil and Canada followed at $4.7 billion and $3.2 billion, respectively.
About Worldwide Energy and Manufacturing USA
Worldwide Energy and Manufacturing USA, Inc. (http://www.wwmusa.com), headquartered in South San Francisco, California, is a 17-year-old engineering-oriented firm specializing in photovoltaic (PV) module, mechanical, electronics and fiber optic products manufacturing. The company's worldwide customer base includes the solar energy, wireless telecommunications, aerospace, automobile and medical equipment industries. 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.
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: Worldwide Energy and Manufacturing USA Jeff Watson 650-794-9888, Ext.223 jeffw@wwmusa.com http://www.wwmusa.com
RedChip Companies, Inc. Investor relations: Alexander Nachman 1-800-733-2447, Ext. 118 Dave Gentry 1-800-733-2447, Ext. 104 info@redchip.com http://www.RedChip.com
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