3SOF

June 20, 2005 - In the first six months of 2005, WorldWater & Power has a contract backlog of $12.6 million in sales scheduled for completion this year, representing a 110 percent increase over 2004,'' Mr. Kelly continues. ``This impressive and continuous growth in annual revenues and contract backlog reflects the increasing demand for our products and services in the energy marketplace and is a testimony to the hard work and dedication of our employees.

I am buying this one without hesitation.  Like the story and chart.  Huge volume today.

With the high price of Oil, people will look for alternative energy = solar power.

 
I will buy this one today

WorldWater & Power CEO to Issue Update on Company Milestones and Revenue Expectations for 2005
Monday June 20, 7:30 am ET


PENNINGTON, N.J., June 20, 2005 (PRIMEZONE) -- The CEO of WorldWater and Power Corporation, Quentin T. Kelly, will issue an update of the Company's progress at its Annual Shareholder Meeting June 22. In the report to be presented at the meeting at Hopewell Valley Golf Club, he will outline the Company's course in establishing itself as a leader in the market for high horsepower solar systems and large solar net metering projects, declaring that ``WorldWater is on its way to its fourth consecutive year of strong revenue growth.''


  Year                      Revenue              Backlog
  ----                      --------             -------
  2001                      $241,000
  2002                      $644,000
  2003                      $1,280,000
  2004                      $5,837,000
  2005 (6 months)                                $12,600,000

``In the first six months of 2005, WorldWater & Power has a contract backlog of $12.6 million in sales scheduled for completion this year, representing a 110 percent increase over 2004,'' Mr. Kelly continues. ``This impressive and continuous growth in annual revenues and contract backlog reflects the increasing demand for our products and services in the energy marketplace and is a testimony to the hard work and dedication of our employees.''

Other highlights of the report:

Technology: WorldWater & Power has continued to expand and strengthen its intellectual property portfolio, and believes it has valuable proprietary technology in important niches of the alternative energy market. In the past four years, the Company has obtained patents and continuations-in-part for its newly developed electronics systems and filed for protections of its patents in the Philippines. The Company currently has six patents approved, pending, or in process.

Markets: Since 2002, when WorldWater launched its AquaMax(tm) product line representing the world's most powerful solar pumping systems, the Company has become a recognized energy provider to three high priority markets - agriculture/irrigation, food processing, and water utilities.

Agriculture/Irrigation - WorldWater & Power has installed America's two largest solar powered irrigation pumping systems - a 200 hp system at Seley Ranch and a 50 hp system at Locke Ranch, both in California. The system at Locke Ranch has been operating successfully for more than 2 1/2 years, and has kept the irrigation system pumping through electrical blackouts, and the customer has gone on record recommending the Company's products. The Seley system has been running successfully for seven months, and the owner has allowed the Company to use his ranch as a showcase to demonstrate the system to other potential customers, and has entered into a marketing representation relationship to expand into the dairy industry.

Food Processing - WorldWater & Power has installed the largest solar powered hydrocooling system on a farm in California, a 350 hp compressor pump used to cool potatoes during processing. The owner reports that the system has effectively eliminated electricity costs for his operation.

Water Utilities - WorldWater and Power is currently working on its first two solar installations for municipal water utilities, for the Idyllwild Water District in California and for the Atlantic County Utilities Authority (Atlantic City) wastewater treatment plant in New Jersey. In April, the Company was selected for special attention by the Association of California Water Agencies (ACWA), the largest such association in the country, representing 447 California water utilities. WorldWater is one of only two companies chosen as Preferred Solar Partners recommended to ACWA's members. California represents a large market for WorldWater's products and services, and the Company is working aggressively to follow up on ACWA's endorsement and the many leads it has already generated.

General Solar Energy Market - In addition to niche markets that utilize the Company's expertise in high horsepower solar systems and water management, WorldWater has also established itself as a leader in large commercial solar installations providing electricity to the grid. Last year, WorldWater implemented the largest solar installation on a community college campus. The 1,132,200 KW systems at Cerro Coso Community College in California provides 60 percent of the college's energy and, according to the college, is saving more than $300,000 per year in electric bills. The Company will continue to pursue aggressively this rapidly growing market, and believes that its proprietary technologies can offer high horsepower capability and seamless switching technology for emergency backup systems that competitors cannot duplicate.

The Company also has several contracts for residential solar energy projects in New Jersey and in California, and last week announced the creation of a new Residential Sales Division to take advantage of the large residential rebate incentives in New Jersey and the Million Solar Roofs Bill now awaiting action by the California State Assembly.

Overseas Markets - WorldWater & Power believes that the market for their products and services in developing countries, which have large populations not tied to the electric grid, represents revenue potential as large as or larger than even the burgeoning domestic market. Because of the financial constraints in developing countries, this market has taken longer to develop. The Company has made important progress in several regions that it believes will in the long run be significant markets. WorldWater & Power has established strategic partnerships with large companies in China, India and Iraq, and is working on securing financing for water and electric infrastructure projects in Sri Lanka, Somalia, and the Philippines. While efforts in overseas markets will continue, largely through strategic partnerships, the Company has made the domestic market its clear priority and the majority of the Company's resources are allocated to the domestic U.S. market.

Worldwide Solar and Water Needs - The need for and cost of water worldwide are growing rapidly. Based on estimates by the United Nations Development Programme and the World Bank, $8 billion annually is currently being spent to provide safe drinking water in developing countries, and the cost of bringing clean water to the two billion people who are without access to safe drinking water will be approximately $50 per person, or $100 billion total, over the next five years. Governments may be forced to re-allocate their funding resources to address what the World Bank says will be a major problem of the 21st century - water shortages.

The challenge of how to bring safe drinking water and electricity to rural households in need is one focus of WorldWater's proprietary solar technology. Solar energy supplies more energy in one hour than the world uses in one year, so it is an abundant resource well suited to the dispersed communities off the electrical grid, without the negative pollution attributes of fossil fuels. WorldWater & Power Corp. is well positioned to service this growing demand for sustainable potable water supplies using efficient, cost effective, non-polluting technology.

WorldWater & Power continues to believe that the solar energy market, particularly as it applies to large industrial electricity and water projects, presents an enormous market opportunity and that the Company is uniquely positioned to succeed in this market. The photovoltaic (PV) industry has more than doubled in the past few years, and by 2020, worldwide annual PV direct sales are estimated to be $27 billion and related sales are estimated to be more than $50 billion per year, as stated by the U.S. National Renewable Energy Laboratory report, ``Photovoltaic: Energy for the New Millennium,'' January 1, 2000. Advances in PV technology and corresponding reduction in costs, in addition to enhanced state and federal rebate programs, continue to fuel the increasing demand for PV power. Great potential for PV technology also lies in developing countries, where two billion people lack electricity and sufficient clean water access. Applications range from remote pumping, irrigation, telecommunications and lighting to complete community power systems.

The task of bringing new technologies to large industrial markets is not an easy one. First, many bright people must persevere for years in order to develop these innovations to the point where they can be commercialized; WorldWater's team of researchers and engineers has done this. Second, it must be demonstrated to a skeptical market that the technology functions well and reliably, and that the economics are viable; WorldWater has done this as well by installing industry landmark systems and keeping customers satisfied. Only after accomplishing both of these can a company achieve broad market acceptance and concurrent rapid sales growth with increased margins. WorldWater & Power believes that, thanks to the hard work of dedicated staff and to the support of their shareholders, they are at this stage now.

For more information about WorldWater & Power Corp., visit their website at http://www.worldwater.com.

http://biz.yahoo.com/pz/050622/80353.html


WorldWater & Power Corp. Poised to Enter China Market, Signs Rep Agreement With Xinhua Financial Network
Wednesday June 22, 7:30 am ET
Financial Firm to Introduce Company's Solar Systems Into China's Water and Power Markets

PENNINGTON, N.J. - June 22, 2005 - WorldWater & Power Corporation (OTC BB:WWAT.OB - News), maker of high-horsepower solar energy systems, has been making preparations for introducing its solar powered systems to the expansive China market. In late May, WorldWater & Power exhibited at the Second China International Renewable Energy Equipment & Technology Exhibition and Conference and the China Beijing International High-tech Expo (CHITEC) in Beijing, making contact with several hundred visitors from Korea, Mongolia, and throughout China. The Company has now announced the signing of an Agreement with Xinhua Financial Network Limited (XFN), China's premier financial services and media company, to represent WorldWater & Power in the Chinese water and energy markets.
Xinhua will introduce WorldWater & Power to federal and provincial governmental and private sector buyers for the sale of the Company's AquaMax(tm) high volume water pumping systems and other solar products, it was announced jointly by Quentin T. Kelly, WorldWater's Chairman and CEO, and Gordon Lau, Xinhua's Chief Financial officer.
Douglas L. Washington, Vice President, Marketing and International Operations for WorldWater & Power, met with a number of Xinhua directors and with representatives of Xinhua PR Newswire to evaluate and establish strategy for WorldWater's entry into China.
China has 1.3 billion people and one of the largest and most rapidly growing economies in the world. The result is that 50 coal-fired plants are under construction and an estimated 600 are planned for the next 6 to 8 years in an attempt to meet energy requirements. In spite of these efforts, the country is plagued with blackouts.
As a result of deteriorating air quality, the National People's Congress Standing Committee passed a Renewable Energy Law, effective January 1, 2006, requiring that 10 percent of China's electricity must be generated from renewable energy sources by 2020. Several provinces are investigating the use of solar systems, and appear to be moving forward ahead of government regulations.

nice research.  Excited to see todays action on the news!

I signed up for this one too yesterday at $0.28. Fundamentally, I like this stock.  Let's see what the market says...!

Really nice find Saffey. I'm in at .255. All this stock needs is some PR and exposure. Bright future on this one no doubt.

Think my ride on this might be ending soon. Looking at the chart, I see three consecutive days of red candles, MACD looks to confirm a sell signal over the zero plane (also a negative divergence), and stochastics suggest to me that it has reached its peak in the short-term.

Will sell Monday if it closes below $0.24.

Here's the chart:

http://stockcharts.com/def/servlet/SC.web?c=wwat,uu[l,a]daclyyay[da][pb50][vc60][iLh14,3!La12,26,9]&pref=G

Any comments?

TBunny-
I think this is a longer term play. The fundamentals here are outstanding and it's just a matter of time before they turn wildly profitable and that will grab investors attention big time. Because the stock is not at all volatile it's not much of a short termer and really shouldn't be looked at in that manner. Longer term, I believe it's a 5 bagger minimum. JMHO

My sentiments exactly.  The stock has gone down on low volume, not a big deal to me.

Irishman and Saffeysite1,

Thank-you both for your thoughts. You both could very well be correct. I might bend my stop loss rule a bit on this one, but will make a firm decision after viewing the day's activity.

I don't know guys.

On the short term, it's flat.  But when I run the ADX line. It still shows that the strength of the stock is still up.  AD - and AD + have crossed but to me that is a false sell signal.  I look for all three to fall below 20.  The stock has supp at .20.  A lot of reis. @.26.  Huge sell off last three trading days.  Price moved a couple of cents.   With a penny stock.  I don't worry about a couple of cents down.   These signs tell me to hold right now.   

Saffey,
I'm holding on this also for the same reasons, question about ADX when you have time as i'm trying to learn more ...i also see the ad- crossover as false, probably from the tail on that candlestick 3 days ago...my understanding is that a rising adx indicates that the stock is moving out of a trading range and trending, but that a high adx doesn't necessarily indicate trend direction... that is, a high adx would indicate a strong trend which could be either a downtrend or uptrend, and the +/- crossovers can help us with direction....when you say the support is still there from the adx chart, is that because the adx is still relatively low (under 40), indicating the stock is holding steady in that trading range and not trending yet? appreciate any insight, and of course i only use this in conjunction with all other indicators.

happy trading.
al.

The key indicator here, although suttle, is the ADX line moving up from 20 to 30.  That tells me the stock is in a new trend - up.  You're analysis is right.  The stock has been in a channel in 20.  So support is strong there.   I sleep easy with these indicators present.

Saffey-
Couldn't agree more. ADX, STOCHS, and %R are all fine. An indicator I hardly ever look at is CMF since it's such a lagging indicator, but I did for the heck of it and was really surprised. Looks like this stock has been under accumulation for some time and support at .20 is VERY strong.  All the best.
The Irishman