WorldWater & Power Announces Outlook for 2007.Anticipates Revenue of $30-$35 Million to Drive Company to Profitability PENNINGTON, N.J. -- WorldWater & Power Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:WWAT.OB), developer and marketer of proprietary high-power solar systems solar system, the sun and the surrounding planets, natural satellites, dwarf planets, asteroids, meteoroids, and comets that are bound by its gravity. The sun is by far the most massive part of the solar system, containing almost 99.9% of the system's total mass. , today provided guidance for 2007. The company, which estimates 2006 revenue of $17 million, expects to see sales nearly double this year - to $30-$35 million, representing 5 megaWatts of electricity. The company has a steady backlog Backlog The total value of sales orders waiting to be fulfilled. Notes: This figure is used mainly in the manufacturing industry. Increases or decreases in a company's backlog indicate the future direction of sales and earnings. of solar projects The German rock band Solar Project was founded in 1988. Their musical style is categorized best as Art Rock or Progressive Rock. History Solar Project was started in 1988 by Robert Valet, Volker Janacek and Peter Terhoeven as a studio project. and is bidding on an active pipeline of opportunities. Seasonality will be similar to 2006, with higher revenue expected to be realized in the latter half of the year. However, each quarter is expected to show strong comparisons over 2006. The seasonality reflects both normal demand trends and a shift in the company's focus to larger, multi-megaWatt projects. In addition, WorldWater anticipates showing a profit for the full year - a major accomplishment - as it leverages increasing opportunities and takes a growing share of the solar market. The company continues negotiations with ENTECH ENTECH Empowering Nonprofits in Technology , Inc. and will keep investors and customers informed as developments warrant. "I am very pleased with the progress made in 2006 and look forward to continued strong growth this coming year," commented Quentin T. Kelly, Chairman and 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 WorldWater. "Profitability is clearly within our reach, and we believe that our focus on larger systems will pave PAVE Cardiology A clinical trial–Post AV Node Ablation Evaluation the way for even greater performance in 2008." The company expects to report fourth quarter and full year 2006 results on or about March 30, 2007. About WorldWater & Power Corp.: WorldWater & Power Corporation is a full-service, international solar electric engineering and water management company with unique, high-powered and patented solar technology that provides solutions to a broad spectrum of the world's electricity and water supply problems. For more information about WorldWater & Power Corp., visit the website at www.worldwater.com. Forward Looking Statement: Except for historical information contained herein, this document contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements involve known and unknown risks and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein. Further, the Company operates in industries where securities values may be volatile and may be influenced by regulatory and other factors beyond the Company's control. Other important factors that the Company believes might cause such differences are discussed in the risk factors detailed in the Company's 10-KSB and its quarterly reports on Form 10-QSB both as filed with the Securities and Exchange Commission, which include the Company's cash flow difficulties, dependence on significant customers, and rapid development of technology, among other risks. In assessing forward-looking statements contained herein, readers are urged to carefully read all cautionary statements contained in the Company's filings with the Securities and Exchange Commission. |
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