PENNINGTON, N.J., Aug. 2, 2005 (PRIMEZONE) -- WorldWater & Power Corporation (OTCBB:WWAT), developer of proprietary high-powered solar energy systems, announces that James S. Brown, Vice President - Chief Financial Officer, has been promoted to Executive Vice President and Chief Operating Officer, effective immediately. He will continue to maintain his CFO position and responsibilities, and will report to Quentin T. Kelly, Chairman and CEO.
The announcement coincides with the recent closing of the $4.45 million financing and recapitalization of the Company, which was announced last week. Mr. Brown, who joined WorldWater & Power Corp. as CFO in May 2004, has extensive operational as well as financial experience in the energy industry. He was Director of Structured Finance, Americas, for Entergy Wholesale Operations in Houston, Texas; Project Finance Director for El Paso Energy International, Houston; and VP-Finance for Westmoreland Energy, Charlottesville, VA. He also held executive positions with AMVEST Corp., Charlottesville, and earlier, was a senior accountant for Deloitte, Haskins & Sells (Deloitte & Touche), where he obtained his CPA.
A graduate in Business Administration from Georgetown University, Mr. Brown earned an MBA from Texas A&M University.
"Jim Brown has shown a wealth of management experience during this recent period of strong growth in our company," said Mr. Kelly. "His understanding of operations and organization in addition to finance make him an even greater asset in his new dual role of COO and CFO."
WorldWater & Power Corporation is a full-service, international solar electric engineering and water management company with unique, high-powered and patented solar technology that provides solutions to a broad spectrum of the world's electricity and water supply problems. For more information about the Company, visit the website at www.worldwater.com.