WorldWater & Power Achieves Record Revenue for Quarter and Gives Guidance for Fourth Quarter
Business Wire "US Press Releases "
PENNINGTON, N.J.--(BUSINESS WIRE)--
WorldWater & Power Corp. (OTC BB:WWAT.OB), developer and marketer of proprietary high-horsepower solar systems, today announced preliminary results for the third quarter ended September 30, 2006 and provided guidance for the remainder of 2006 and for 2007. Revenue for the third quarter, a record, will be in the range of $5.8 - $6.1 million, and gross margins will also be at record highs. In addition, the company announced that it is making substantial progress toward completion in the fourth quarter of its largest installment to date, the $7.8 million Farm ACW avocado ranch in California. WorldWater & Power expects that revenue in the fourth quarter will be between $8.5 and $9.2 million, with additional improvement in gross profits.
"We are very pleased to announce that, as expected, we will post our best quarter in the company's history when we report full financial results in mid-November," said Quentin T. Kelly, Chairman of WorldWater & Power Corp. "We are on course for continued improvement during the fourth quarter and have basis to project significantly stronger growth in 2007. We also expect to close the Entech acquisition by the end of 2006 and are currently submitting joint bids on projects as large as 50 Megawatts in size. In addition, geopolitical events continue to provide tremendous growth opportunities for the solar industry."
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 within the meaning of the Private Securities Litigation Reform Act 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.
Source: WorldWater & Power Corp.
Posts: 1580 | From: World | Registered: Jul 2006
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posted
looks great...love the chart, news, and volume that is coming on now...this is at a 52week low and this news should mean that it should be near the high, the company is doing great!
i am in at .15
Thanks for the heads up
-------------------- please dont trade stocks on my alerts, do your dd first. Posts: 5265 | From: Alberta | Registered: Jan 2006
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posted
didn't even notice the news just saw the chart i guess the news just had good timing Posts: 550 | From: MI | Registered: Nov 2005
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-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
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posted
If the volume keeps cruising this one is a bigger winner the next week or two. The last couple of time this got over 5 million trades it was a rocket. Sorry to pump, but exciting since volume is approaching 3 million.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
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posted
Dang, I would have liked to get in this one a little lower but I was in school. hopefully a little pullback so I can jump in. The news is a bonus for me, I would buy solely on the chart
Posts: 189 | Registered: Apr 2004
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posted
Man I was going to just day-trade this, but DD I'm doing now is looking tooooooo good.
Thanks hedfe!
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
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posted
So when do you think we should jump out of it? Does anyone think waiting till the 52 week high would be good or just be more modest?
Posts: 100 | From: Illinois | Registered: Oct 2006
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quote:Originally posted by rzande1: So when do you think we should jump out of it? Does anyone think waiting till the 52 week high would be good or just be more modest?
Look at the chart. It seems everytime this runs, it does so for a few day, at the very least.
Right now my exit is between 0.275 and 0.375 for only half my shares.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
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posted
macd is kind of bearish I would probably do a quick daytrade don't hold it for more than a couple days
Posts: 550 | From: MI | Registered: Nov 2005
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I'll sell half at my exit and let the other half ride till the financials are released.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
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-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
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I'm going to go with 0.225, with a gap up tomorrow.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
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