DALLAS, Oct. 25, 2004 (PRIMEZONE) -- TalkingStocks.com, a leading online destination for small-cap investors, has updated its report on WorldWater & Power Corporation (OTCBB:WWAT), a world leading producer of patented, high-power solar energy applications. In the report, Jeff Bishop, a Senior Analyst for Talkingstocks.com, reiterates his "Long Term Accumulate" recommendation and positive outlook for the stock. In the report he makes the following statements regarding WorldWater: "The company's news releases in just the last week -- on Friday, October 22 and on Wednesday, October 20 -- stated that WorldWater has completed two major projects: the 200 HP irrigation pumping system at the Seley citrus ranch, by far the largest solar irrigation system in the world; and the Cerro Coso Community College 1 megawatt photovoltaic (PV) project. While this news may not receive much attention from the general market, they mark significant milestones that deserve to be noted. These are not simply more projects for the firm, but important demonstrations that the company's technology performs exactly as promised."
Bishop continues, "For those unfamiliar with the Cerro Coso project, it generates a full 1 megawatt (Mw) of electricity making it one of the largest PV installations in the entire world. This is far beyond the energy capability of the few solar panels that are placed on residential homes to produce power. This is a landmark project for the company and demonstrates to the entire world that WorldWater is prepared to do big things. Many companies create novel ideas that get a few headlines. Some even convince investors to fund research for the idea. Very few companies are able to take a truly innovative product all the way from start to finish; that is, from idea to development to the market. What investors need to realize about WorldWater is that it has a revolutionary product and that it does perform as promised. Once the market sees how well projects like the Seley solar irrigation system and Cerro Coso operate, we believe that WorldWater will have a difficult time meeting demand for its installations."
The report may be viewed in its entirety by visiting TalkingStocks.com, or by clicking the link below:
http://www.talkingstocks.com/reports/WWAT_102504.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.
Disclosure: TalkingStocks, LLC and Pentony Enterprises, LLC has been compensated a total of $15000 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.