Big Projections for 2007 … Can WWAT Deliver?
WorldWater & Solar Technologies Corp. (OTCBB: WWAT) is expecting a huge 2007 with projected revenues of $30 to $35 million even after a lackluster first quarter with revenues of just under $1 million. The company blames “contract timing” for the low first quarter numbers. WorldWater definitely has some ground to make up after the first quarter to reach these lofty projections. However, the company did land its largest project ever in the quarter with a $16 million contract to provide a 2-megawatt system for Fresno Yosemite International Airport that is now in pre-engineering and should result in substantial revenue during…