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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (8828)	9/21/2005 9:45:53 AM
From: Smiling Bob	Read Replies (1) \| Respond to of 19257

WWAT - .55 x .57 news - and we've only just begun.(wasn't that song sweet?) Just wish I could have bought more(stock, not Karen Carpenter records) WorldWater & Power Corporation Signs $1.4 Million in Solar Energy Contracts Tuesday September 20, 6:20 pm ET Two California Car Washes to Add Solar Power Technology PENNINGTON, N.J., Sept. 20 /PRNewswire-FirstCall/ -- WorldWater & Power Corp. (OTC Bulletin Board: WWAT - News), developer of proprietary high-powered solar energy systems, today announced that it has signed contracts totaling $1.4 million to build and install solar electric power systems for two car washes in the Los Angeles area. Car washes represent a new industry for the use of solar technology for WorldWater. The photovoltaic (PV) systems are expected to substantially reduce electrical usage costs for the two facilities. ADVERTISEMENT The contracts with the car wash chain are conditional upon third party financing. Once the financing is realized, construction is expected to begin immediately and will be managed by Quantum Energy Group, the California engineering, construction and project management firm acquired by WorldWater & Power Corp. earlier this month. Quantum Energy Group will supervise the installation of the solar power systems, as well as the construction of canopies to hold the PV panels. "The car washes on which the WorldWater & Power solar energy systems will be installed average between 5,200 and 5,300 car washes per month. Electricity costs for each of the car washes typically run between $3,000 and $4,000 per month, depending on the site and the month of the year," stated Quentin T. Kelly, Chairman and CEO of WorldWater. "In addition to realizing energy cost savings, the owners will obtain Federal and State tax credits (ITCs) and accelerated depreciation. The current Federal ITC of 10% increases to 30% January 1, 2006." WorldWater & Power Corp. anticipates the rebates from Southern California Gas Company for the solar installations will be realized during the fourth quarter of 2005 and the first quarter of 2006. About WorldWater & Power Corporation WorldWater & Power Corporation is a full-service, international solar engineering and water management company with unique, high-powered and patented solar technology that provides solutions to a broad spectrum of the world's water supply and energy problems. For more information about WorldWater & Power Corp., visit their website at worldwater.com. Information about WorldWater's newly acquired subsidiary, Quantum Energy Group, is available at quantumenergygroup.com. Contact: Investors/Media Contacts: Rose Mary Schwarz Denise Roche / Jason Rando WorldWater & Power Corp. The Ruth Group Phone: 609-818-0700, ext. 33 Phone: 646-536-7008 / 7025 rschwarz@worldwater.com droche@theruthgroup.com jrando@theruthgroup.com