DALLAS, Oct. 14, 2004 (PRIMEZONE) -- Jeff Bishop, Senior Investment Analyst for TalkingStocks.com, issued an update on his opinion for WorldWater & Power (OTCBB:WWAT). Mr. Bishop reports, "This new financing structure has many benefits to WorldWater. The first benefit gives the company access to a significant amount of working capital. WorldWater has many proposals and projects in various stages of development. Though these projects are very promising for the company's future, they do not yet provide the cash flow needed to sustain immediate working capital needs. It is very expensive to take products from development to the market. This financing package will help bridge that gap in revenues and enable the company to focus on further growth."
Bishop continues, "We also appreciate the fact that this arrangement is non-dilutive for shareholders. This loan does not require the further issuance of shares from WorldWater."
Bishop summarizes the update: "We continue to find WorldWater to be a compelling long-term investment. There has not been any adverse news from the company that would cause us to question the firm's ambitious growth targets. On the contrary, last month management came forth and reaffirmed their impressive revenue targets for the year. The market remains very eager to see WorldWater's products in action."
The full report is available at: http://www.talkingstocks.com/reports/WWAT_101404.php
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.
About TalkingStocks.com
TalkingStocks.com offers interviews with key executives from publicly traded company. TalkingStocks.com is owned by TalkingStocks.com, LLC. Our services include executive interviews, company profiles, investor calls and our "Ask The CEO" show.
Disclosure: TalkingStocks, LLC and Pentony Enterprises, LLC have been compensated a total of $9000 for coverage by Trilogy Capital Partners, a non-controlling third party. Trilogy Capital Partners is the investor relations firm for WorldWater & Power.
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.