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Worldwide Manufacturing USA, Inc. Announces Record Revenues for the Third Quarter SAN BRUNO, CA and SHANGHAI, CHINA--(MARKET WIRE)--Nov 14, 2007 -- Worldwide Manufacturing
USA, Inc. ("Worldwide") (OTC BB:WWMU.OB - News) (www.wwmusa.com),
an engineering
firm, contract manufacturer and direct manufacturer of die-casting,
machining, electronics products and air-condition units
for automobiles,
today announced record revenues for the third quarter ending
September 30,
2007. Revenues for the three months ending September 30,
2007 were
$2,998,106 compared to revenues of $2,824,883 for the same
period in 2006.
This increase of $173,223, or approximately 6.0%, was the
result of an
increase in orders in the quarter. Revenues for the nine
months ending
September 30, 2007 were $8,457,314 compared to net sales
of $8,062,219 for
the same period in 2006. The increase of $395,095 or approximately
5%
percent was the result of continued demand for the company's
products and
services. Net income before tax for the three months ending September 30, 2007 was $137,553 compared to a profit of $414,428 for the three months ended September 30, 2006. The decrease of $276,875 or approximately 69% was the result of an increase in public cost as well as expenses associated with finding potential acquisitions for the company. Likewise, net profit before tax for the nine months ending September 30, 2007 were $480,994 compared to $570,326 in the same period last year. The decrease of $89,332 or approximately 15.7% was the result of increased expenditures on the public costs and potential acquisition expenditures. Jimmy Wang, CEO of Worldwide, stated, "We continue to focus on acquisition targets as well as internal growth. The trend of record revenues continues." Additionally, Mr. Wang commented that "2007 is on track for another year of record revenues and strong profitability." About Worldwide Manufacturing USA, Inc. Worldwide Manufacturing USA, Inc. ("Worldwide") is headquartered in San Bruno, California. Subsidiaries include Shanghai Intech Electro Mechanical Products Co., Ltd, Chengde Science & Technology Co., Ltd., Shanghai Intech Electronics Manufacturing Co., Ltd. and Shanghai Intech Precision Mechanical Products Manufacturing Co., Ltd., located in Shanghai and Changchun City, China. Worldwide is a 14-year-old engineering-oriented firm specializing in international contract manufacturing and is also a direct manufacturer of automobile air-conditioning units, die-casting and electronics components. Its customers include the industries of wireless telecommunications, aerospace, automobiles and medical equipment. Worldwide also manufactures components for industries of instrumentation, machinery, tools, home electrical solutions and electronic parts such as electronic toys. For further information on Worldwide Manufacturing USA, Inc., please visit www.wwmusa.com. You may register to receive Worldwide Manufacturing USA, Inc.'s future press releases and to be added to the Company's distribution list by contacting John Ballard. 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. Contact: Company Contact:
Worldwide Manufacturing USA
John Ballard
303-885-5501
johnballard@revealsystems.net
Source: Worldwide Manufacturing USA, Inc.
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