) WorldWater Corp. Executes $3.64 Million Financing - 500 Beiträge pro Seite

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(BSNS WIRE) WorldWater Corp. Executes $3.64 Million Institutional Financing A
reement; Company Has Call on Funds Totaling $7.28 Mil
WorldWater Corp. Executes $3.64 Million Institutional Financing Agreement; Compa
y Has Call on Funds Totaling $7.28 Million


Energy Editors / Business Editors

PENNINGTON, N.J.--(BUSINESS WIRE)--WWAT--
WorldWater Corp. (OTCBB:WWAT) announced today that it
has received a $3.64 million common stock purchase commitment, with a
call on an additional $3.64 million at WorldWater`s option, for a
total of $7.28 million. SBI Brightline VIII, LLC, an affiliate of
SBI-USA, LLC, will provide the investment, subject to certain
conditions.
Among the terms and conditions, the financing is contingent on the
effectiveness of a Registration Statement with the Securities and
Exchange Commission covering the securities to be issued in this
transaction. WorldWater Corp. has now received an advance of $800,000
from SBI Brightline in the form of a loan bridging the period before
the Registration effective date.
The SBI agreement provides financing without resets or pricing
adjustments. By having fixed price financing, the Company can elect to
draw down the capital needed without the risks and uncertainties
inherent in an equity credit line.
"This financing provides the needed capital to fund our growth
strategy," said Quentin T. Kelly, Chairman and CEO of WorldWater Corp.
"Our management team will focus the new resources on expanding our
distribution network, supporting sales personnel, servicing our
customers, and continuing to improve our technology. We are better
positioned than ever to capitalize on the exciting opportunities we
feel exist in the solar energy and water management industries, both
in the United States and overseas."
"We are very excited to be involved with WorldWater," said Shelly
Singhal, Managing Director of SBI USA. "We believe there is tremendous
value in alternative energy solutions and that WorldWater has the
technology and management to allow it to play an integral role in
implementing these solutions worldwide."

About SBI USA: Based in Irvine, California, SBI-USA is a full
service investment banking firm committed to providing financing
solutions for emerging growth companies in the United States and Asia.
SBI-USA is a member of the SOFTBANK Investment Group and a division of
First Securities USA, Inc., member NASD/SIPC.

About WorldWater Corp.: WorldWater (www.worldwater.com) is a full
service international solar energy and water management company with
unique, high-powered solar technology providing solutions to water
supply and energy problems. The company has developed and patented
AquaMax(TM) solar systems capable of operating pumps up to 600 hp,
making it the first solar company in the world to deliver mainstream
pumping and motor-drive capability.

Forward Looking Statements -- This document may contain statements
which constitute "forward-looking statements" within the meaning of
the Private Securities Litigation Act of 1995. "Forward-looking
statements" include any statement which is not of purely historical
fact, such as statements concerning plans, objectives, goals,
strategies and future events and underlying assumptions thereof. Such
forward-looking statements involve known and unknown risks, and
uncertainties expressed or implied by such forward-looking statements
could be materially different from those projected. Such factors
include, among others, general economic and business conditions which
may impact demand for the Company`s solar generated pumps and
electricity; changes in tax laws and regulations; the ability of the
Company to implement its marketing strategy and to expand its business
in the worldwide market; the ability of the Company to build its
production facility up to the level of efficiency and output of its
planned production; and changes in laws and government regulations
applicable to the Company, including laws in foreign nations.



KEYWORD: NEW JERSEY CALIFORNIA
INDUSTRY KEYWORD: BANKING BANKING ENERGY
SOURCE: WorldWater Corp.


CONTACT INFORMATION:
WorldWater Corp.
Debra J. Grady, 609-818-0700

*** end of story ***

[abdulbaba]

super prozenete prozente

[DiosMio]

Sehr gute Halbjahres- und Quartalszahlen von Worldwater, hier könnte es bald nach oben gehen.

WorldWater Reports Record Revenue of $3.3 Million for Second Quarter 2004
Friday August 20, 4:12 pm ET
Revenues Soar to $4.1 Million for 6 Month Period Reflecting a Significant 262% Increase over Comparable Period of $1.14 Million


PENNINGTON, N.J.--(BUSINESS WIRE)--Aug. 20, 2004-- WorldWater Corp. (OTC BB: WWAT - News), one of the world`s leading providers of revolutionary patented high-volume solar powered technology for diverse commercial applications in a broad range of industries, today announced financial results for its second quarter and six months ended June 30, 2004. The results included an exceptional increase in revenue to $3,375,628 for the quarter ended June 30, 2004, compared to $48,916 in revenue for the quarter ended June 30, 2003. Revenue for the six-month period ended June 30, 2004 was $4,156,474, as compared to $1,147,261 for the six month period ended June 30, 2003, a significant increase of 262%. The Company sustained a net loss of $1,922,348 for the three month period and $1,108,899 for the three month period ended June 30, 2003. Included in the second quarter results were non-cash charges of $897,892. Loss per share for the three month period ended June 30, 2004 was $0.03 versus $0.02 for the comparable three month period. The announcement was made by Quentin T. Kelly, WorldWater chairman and CEO.
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The significant increase in revenue is due to the Company`s realization of its objective of providing world-class, proprietary solar technology systems to the agricultural and institutional marketplaces. As proof of this fact, the Company recently completed supplying the massive one megawatt PV system installation at Cerro Coso Community College in Ridgecrest, CA. WorldWater, serving as exclusive PV equipment supplier, delivered several million dollars worth of components in the $8,963,053 project contracted to Contra Costa Electric, Inc. of Bakersfield, CA. The project represents the largest PV installation ever implemented on any community college campus.

"It should be self evident to any sophisticated investor that WorldWater has the potential for extraordinary growth in revenues, earnings and ultimately shareholder value," stated Mr. Kelly.

"It is the firm opinion of the management that WorldWater represents a company and technology capable of disrupting traditional energy markets with the economic benefits which can inure to companies with an early mover advantage. While we also sustained losses for the quarter and six month period, it is our belief that these losses are essentially an investment in positioning our business for breakthrough success on a long term basis."

"While many of the world`s finite energy sources are being depleted at a disquieting rate as evidenced by the current global oil crisis and national gas reports, WorldWater`s ability to harness the unlimited power of the sun with our proprietary AquaMax(TM) systems represents breakthrough technology," continued Mr. Kelly. "Our patented technology can deliver up to 600 horsepower - more than 100 times as powerful as the nearest competitors -- making ours the only solar products available anywhere in the world that can deliver the water-pumping horsepower required for large scale commercial applications. Our various Installations have validated how WorldWater has enabled solar power to achieve an unparalleled level of practicality and cost-effectiveness for a broad spectrum of commercial mainstream uses."

WorldWater`s proprietary and patented AquaMax(TM) systems can drive high powered engines creating some of the most powerful solar powered systems in the world. The Company`s projects represent a quantum leap forward in the deployment of large-scale solar power pumping technology and demonstrate the viability of solar power for broad applications in virtually all industries anywhere in the world
New Growth Seen in Alternative Energy Markets
Saturday August 21, 6:00 am ET


PENNINGTON, NJ--(MARKET WIRE)--Aug 21, 2004 -- AXcess News (www.axcessnews.com) released a story uncovering the droves of investors flocking to alternative energy stocks Friday following a host of news stories that fueled their concerns over energy.
Difficult to track, said analysts, alternative energy stocks are made up of small and micro cap companies that usually range just off the radar screen. One of those, WorldWater (OTC BB:WWAT.OB - News), came on the screen Friday reporting a 262% rise in sales for the 2nd quarter. The company reported revenue of $3,375,628 for the quarter ended June 30, 2004, compared to $48,916 in the same period the prior year.

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WorldWater attributed its growth to demand for its PV solar pumping system. Dubbed the "AquaMax," WorldWater`s PV system can provide remote electric generation from solar panels that can drive pumps as large as 600hp. Conventional solar powered pumps can only manage 5hp.

While alternative energy stocks are trading up, driving that demand is fear of increasing fuel costs and short supplies. The United States now imports about 57% of its crude oil, but only 16% of its natural gas, and nearly all of that comes by pipeline from Canada. By 2025, according to recent Energy Department estimates, the country will be consuming 37% more gas -- 31.2 trillion cubic feet a year, compared with 22.8 trillion in 2002.

Those alternative energy stocks making the news after Friday`s energy fears hit investors were Ultralife, whose shares were under a short play until recently. The battery manufacturer closed Friday at $15.09, up $2.99 or 24.71%. Plug Power Inc. followed, closing at $5.71, up 28 cents or 5.16%. The Laytham NY company announced that its GenSys product had met California`s new emissions requirement. Fuelcell Energy, Inc. closed at $8.95, up 37 cents or 4.31%. Fuelcell announced an earnings call scheduled for Aug 31. WorldWater closed at $0.31, up 1 cent or 3.33%. The company released its 2nd quarter results following the close in New York. Quantum Fuel Systems Technologies, Inc., a fuel-cell manufacturer, closed at $5.00, down 1 cent or .01%. Vestas Wind Systems, which makes wind turbines, closed at $12.80, down 1 dollar or 4.12%. No news was available to indicate why its shares fell. Fuel-Tech NV closed at $4.23, up 10 cents or 2.42%. The air-pollution control company released 2nd quarter results managing to slash losses in half and increase revenue.

While many of the hot plays in the alternative energy sector are in small and micro cap stocks, the sector itself is made up of companies in a broad range of businesses and as a whole, aren`t tracked by analysts as a group, though companies like WorldWater are beginning to get attention.

More news on the investment horizon for the alternative energy sector can be found at AXcess News: http://www.axcessnews.com. This is an excerpt from the complete story.

New Growth Seen in Alternative Energy Markets
Saturday August 21, 6:00 am ET