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PR NEWSWIRE, Feb 10: WorldWater Corp. (OTC Bulletin Board: WWAT) has been named the *** winner of the 1998 New Jersey Small Business Award *** by the New Jersey Investors Hall of Fame. QUICK SYNOPSIS: Here is a 15 year old largely undiscovered, but fully reporting company, with incredible management. I became aware of it about 2 weeks ago from a Technical Analyst that I am in awe of. NOTE: He normally only recommends NASDAQ, AMEX, and NYSE listed stocks. In fact, this is apparently the ONLY BB stock he owns, and feels it could reach $30 in 2-3 years. He modus operandi is to find, research, and HOLD stocks like this. That got my attention. So I hope you will help me DD this company and help determine just how good a prospect this is. HIGHLIGHTS: ** Incredibly experienced and impressive management (see resumes below) ** Proprietary solar technology for pumping water from great depths in emerging growth countries... a company to feel good about investing in. ** 1998 New Jersey Small Business of the Year Award Winner ** Has won several international contracts and begun limited operations in 16 emerging nations in Asia, Latin America and Africa. OVERVIEW WorldWater Corp is a full-service water engineering and solar energy company, which designs, develops and markets proprietary technology relating to water needs and solar power applications. It has been around since 1984. The mission of the Company is to position itself as the leader and principal supplier of renewable energy and remote water supply for emerging nations throughout the world. The Company occupies a unique niche in international marketing-- supplying emerging governments and industry throughout the world with solar electric powered products and performing all phases of the water cycle: from finding, to pumping, purifying, detoxifying, desalinating, storing and recycling water. PROPRIETARY TECHNOLOGY: WorldWater has developed a proprietary solar-driven water pump, the AquaSafe(TM), which can pump water from great depths, making it possible to supply water to communities and to irrigate lands which might otherwise lie barren. These newly developed solar pumps can supply remote town or farm water to larger areas over longer periods of time at significantly less cost and less maintenance than other pumping methods currently in use. In mid-1997, the Company made its first production shipment of its proprietary products (to the Philippines) and has since begun limited operations in 16 emerging nations in Asia, Latin America and Africa. >>> EXPERIENCED MANAGEMENT: Look at the quality here! Quentin T. Kelly founded WorldWater in 1984 as a consulting and R&D Company and has been Chairman and CEO since then. Mr. Kelly was previously Director of Information Services and Assistant to the President of Westinghouse Electric Corporation from 1965 to 1971 and subsequently became President of Kelly-Jordan Enterprises, Inc., a publicly-held leisure products Company from 1971 to 1975, and then President of Pressurized Products, Inc., manufacturers and international marketers of specialized water systems and products, from 1976 to 1984. Mr. Kelly is an alumnus of Kenyon College... and holds three U.S. patents relating to water systems. He has many years' experience in international business relating to water and power needs in the developing world. He has worked on water supply and solar power projects with governments and several of the international assistance agencies (USAID, UNDP and UNICEF), particularly in the Philippines, Lebanon, Sudan, North Africa and Sub-Saharan Africa and India. John A. Pell, President & Chief Operating Officer, was a senior officer with Chase Manhattan Bank in New York and London where he was in charge of African banking activities for U.S. Multinationals. He was Managing Director of a European Bank Consortium and President of a trade finance banking organization in Hong Kong. He is a graduate of Princeton University and the Wharton School (MBA) of the University of Pennsylvania. Dr. Anand Rangarajan, Vice President and General Manager, is a solar and water pump specialist. He has 20 years experience in all aspects of the solar electric business and has pioneered the development of several proprietary solar water pumping systems, products and markets. His systems have been installed in over 20 countries. He holds his Ph.D. in Engineering from University of Wisconsin and spent three years working in the Lincoln Laboratories of MIT. Thomas Leyden, Vice President of Marketing, has 16 years in the solar and renewable energy industry. He has been president of a U.S. solar thermal Company and a Canadian spring water bottling Company. Before joining WorldWater, he was an executive with a photovoltaic manufacturing and marketing company that conducted business in the United States, Europe and Asia. Mr. Leyden was the founding president of the Maryland-DC Solar Energy Industry Association and represents WorldWater in the national SEIA. He is a graduate of Princeton University. Peter I. Ferguson, Vice President of Administration, joined WorldWater in 1989. He previously served as a Vice President and general management executive and accountant for companies in New York and New Jersey. He graduated from Rutgers University. Thomas McNulty, Jr., CPA, MBA, Controller of the Company, is a Certified Public Accountant in New Jersey and Pennsylvania with his Masters Degree in Accounting/Taxation. He is a member of the American Institute of Certified Public Accountants, the New Jersey Society of Public Accountants, and the Pennsylvania Institute of Certified Public Accounts. Joseph Cygler has been a Director of WorldWater since January of 1984 and a former Vice President of Marketing and Executive Vice-President. He has been Chief Executive Officer of the CE&O Group, an organization assisting companies in operations management, since 1986. Previously he was an executive at Kepner-Tregoe, Inc., an international business consulting firm, an executive with Honeywell Information Systems, and a marketing representative with International Business Machines. Mr. Cygler has a BS in Engineering from the U.S. Military Academy at West Point. Ueli Schurch, a Director of WorldWater, is President of Schurch Asset Management GmbH based in St. Gallen, Switzerland, principal investors in the Company. He is a former banker for one of Switzerland's largest banks based in Zurich. Dr. Russell L. Sturzebecker, a Director of WorldWater and its Consultant-International Health, is a retired Director of Health and Education of West Chester University (Pennsylvania). He is an author and publisher of histories of World War II-Pacific Theater and of the Olympic Games. He is a retired Colonel, US Air Force, who accompanied General Douglas MacArthur's troops in the invasion of the Philippines and is a close associate of former President Fidel V. Ramos of the Philippines. Dr. Martin G. Beyer, a Director of WorldWater and its Consultant - International Marketing, was Secretary-General of the Global Consultation on Water and Sanitation, sponsored by the United Nations Development Program and the World Bank, held in New Delhi, India in 1990 and attended by over 600 delegates from 115 countries. Previously, Dr. Beyer was Senior Advisor for Water Supply and Sanitation for UNICEF, Chairman of the United Nations Intersecretariat Group for Water Resources, Chairman of the Advisory Panel to the UNDP/World Bank global project for testing and developing of hand pumps, and Deputy Regional Director for UNICEF in the Americas. Dr. Beyer has a Ph.D. degree in Economic Geology from the University of Stockholm and speaks ten languages, including French, Spanish, German, Italian and Portuguese. He resides in Princeton, New Jersey. He was an Advisor to the Company from 1991 and became a Director in 1995. SHARE INFORMATION: Company is fully reporting and from their 10KSB it appears there are about 21 M shares outstanding. I am still determining the float and some other data relating to warrants and options. For more inforamtion: Call IR at (609) 818-0700 or see their website at worldwater.com | ||||||||||||||
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