Worldwide Energy and Manufacturing USA, Inc. (WEMU.OB) Clarifies and Reaffirms Guidance for FY 2009
Worldwide Energy and Manufacturing USA, Inc.’s management today clarified and reaffirmed guidance for the 2009 fiscal year ending December 31, 2009. Jimmy Wang, chief executive officer of Worldwide Energy and Manufacturing USA, Inc., stated, "The Company reaffirms guidance previously provided in our November 5, 2009, third-quarter earnings conference call that we expect annual revenues of at least $60 million and an EBITDA of $2.8 million for fiscal year 2009." Wang added, "Our solar division expects to ship orders totaling at least 10 megawatts, representing approximately $20 million in revenues, in the fourth quarter of 2009. Additionally, our contract manufacturing division…