DALLAS, Oct. 6, 2004 (PRIMEZONE) -- John Pentony, Publisher of StockGuru.com, has issued a favorable report on WorldWater & Power Corporation (OTCBB:WWAT). In the report released earlier today, StockGuru.com has issued its rating of 'Attractive' on WorldWater & Power. The report listed the newly announced alliance with Kirloskar, a world leader in industrial pumping technology, as a key investment consideration for this decision. There are other reasons also cited, including WorldWater's reaffirmed guidance for FY 2004.
Pentony says in the report, "We feel that WorldWater & Power Corporation represents a solid long-term investment opportunity at current levels. It appears that there are significantly more catalysts for upside potential in this firm than there are to the downside. While it is not hard to discover firms that have a positive business outlook, as WorldWater does, it is becoming increasingly more difficult to find this optimism at a reasonable valuation."
The report concludes, "We favor companies where we clearly understand the product, its uses, and the threats against it. We find all of this in WorldWater's compelling story. As this company continues to execute its strategy of developing innovative water and energy management solutions, it is highly likely that investors who are early to recognize the potential will be rewarded. Again, while there is no firm that is without risk, we believe WorldWater has the potential for moderate gains with a very limited downside."
The full report is available at: http://www.stockguru.com/WWAT-IO-100604.shtml
About WorldWater & Power Corp.:
WorldWater & Power Corp. 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. The company's recently patented AquaMax(tm) solar pumping systems, capable of driving motors up to an unprecedented 600 horsepower, make WorldWater the first and only solar company in the world with the power to deliver mainstream pumping capability. The company is also a provider of solar powered water systems in the Philippines and developing nations in Africa and Asia.
WorldWater & Power seeks to achieve revenue growth by marketing its proprietary solar technology through multiple channels to a broad spectrum of institutional and private parties in the world. Prior to the development of the AquaMax(tm) technology, solar powered motors were limited in output to about 5 horsepower, and thus incapable of pumping the volume of water required for large-scale systems. WorldWater's proprietary AquaMax(tm) systems can drive motors up to 600 horsepower, creating significant commercial opportunities for WorldWater and expanding the range of applications for clean, renewable solar power in commercial, municipal and institutional mainstream applications. Each day, more solar energy bathes Earth than its 5.9 billion inhabitants consume in equivalent electric power in 27 years, according to the U.S. Department of Energy's National Renewable Energy Laboratory in Golden, Colorado. With many international and domestic governmental agencies increasingly concerned about clean air and water conservation, WorldWater is well positioned to implement its patented AquaMax(tm) systems for the supply of power needed for large irrigation and cooling systems in the world -- with no pollution and no excess pumping to foul the air or excessively drain the natural water resource.
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Disclosure: Pentony Enterprises, LLC has been compensated $3,000 for coverage.
Cautionary Language
Except for historical information contained herein, this document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks and uncertainties that may cause the company's actual results or outcomes to be materially different from those anticipated and discussed herein. Further, the company operates in industries where securities values may be volatile and may be influenced by regulatory and other factors beyond the company's control. Other important factors that the company believes might cause such differences are discussed in the risk factors detailed in the company's 10-KSB and its quarterly reports on Form 10-QSB both as filed with the Securities and Exchange Commission, which include the company's cash flow difficulties, dependence on significant customers, and rapid development of technology, among other risks. In assessing forward-looking statements contained herein, readers are urged to carefully read all cautionary statements contained in the company's filings with the Securities and Exchange Commission.