CEO of Worldwide Manufacturing Agrees to Fund Company with up to One Million Dollars.SAN BRUNO San Bruno (săn br `nō), city (1990 pop. 38,961), San Mateo co., W Calif., a suburb on San Francisco Bay; inc. 1914. There is light manufacturing and petroleum refining. , Calif. -- Worldwide Manufacturing USA, Inc. ("Worldwide") (OTCBB OTCBBSee OTC Bulletin Board (OTCBB). :WMFG WMFG Woah-My-Fragging-God! (p’lite form) ) today announced that Jimmy Wang, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Worldwide will fund Worldwide for up to one million dollars to assist the growth and development of the recent new acquisition of Chengde Science & Technology Co., Ltd., ("Chengde"). The Chengde factory in Changchun City, China has received over $4.6 million in recent orders for automobile air conditioning units from two of the biggest automobile manufactures in China. "We continue to receive many orders for air-conditioning units from our new factory and the acquisition is exceeding our expectations in terms of sales Terms of sale Conditions under which a firm proposes to sell its goods or services for cash or credit. and profit, and we are expecting a record year for overall revenue growth at Worldwide," said Wang. "This capital infusion Capital infusion Often refers to the cross-subsidization of divisions within a firm. When one division is not doing well, it might benefit from an infusion of new funds from the more successful divisions. comes at a critical time in the overall growth and I want to show the investment community the confidence I have in Worldwide and our new acquisition," he added. Worldwide is headquartered in San Bruno, California San Bruno is a city in San Mateo County, California, United States. The population was 40,165 at the 2000 census. The city is adjacent to San Francisco International Airport. Geography San Bruno is located at (37. , and its two wholly-owned subsidiaries, Shanghai Intech Electro Mechanical Products, and Chengde Science & Technology Co., Ltd., are located in Shanghai, China, and Changchun City, China, respectively. Worldwide is an 9-year-old engineering firm specializing in international contract manufacturing, and is also a direct manufacturer of automobile air-conditioning units for cars. Its customers include the industries of wireless telecommunications and the aerospace and automotive industries. Worldwide also manufactures automotive components for industries of machinery, tools, home electrical solutions and electronic parts such as electronic toys. etc. 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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