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 should create at least $3 million in revenues for the quarter. This would bring our total fiscal year 2009 revenues in excess of $60 million. Fiscal year 2009 earnings would come in at about $1.8 million, which results in net earnings per share of $0.50 on a fully diluted basis.

ORLANDO, Fla., June 17, 2009 (GLOBE NEWSWIRE) — RedChip Companies, Inc. (http://www.RedChip.com) announced today the top-performing stocks listed under RedChip coverage. RedChip’s “Top Picks” — stocks rated Buy or Strong Buy — which have the highest returns over the last three to six months include ZAGG Inc.; L & L International, Inc.; Longwei Petroleum Investment Holding, Inc.; and Worldwide Energy and Manufacturing USA, Inc.

ZAGG is up 662% since March 2, 2009; L & L is up 243% since April 15, 2009; Longwei Petroleum is up 423% since January 2, 2009; and Worldwide Energy and Manufacturing is up 61% since March 2, 2009. (Based on prices at market close on June 10, 2009.)

Profiles of RedChip’s top-performing stocks are as follows:

ZAGG Inc. (OTCBB:ZAGG) has reported double-digit revenue and earnings growth for the first quarter 2009. The

Worldwide Energy and Manufacturing USA, Inc., a U.S.-based China manufacturing company specializing in photovoltaic (PV) panel, mechanical, electronics and fiber optic products manufacturing, announced that it has engaged the services of a new SEC law firm, Sichenzia Ross Friedman Ference LLP, and a nationally recognized accounting firm, Windes & McClaughry Accountancy Corporation.

Worldwide Energy’s Chief Executive Officer Jimmy Wang commented, “In order to ensure that WEMU is prepared for a listing on a national exchange, I have significantly strengthened our accounting and legal representation. Given our extraordinary growth and my vision to build a world-class solar company, I want to be sure that we are represented by experienced, nationally recognized firms.”

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Worldwide Energy and Manufacturing USA, Inc., a fast growing manufacturing middleman between China and the U.S., recently announced record revenue and net income for the first quarter of 2009. Revenue increased a whopping 90% to $10.3 million, while net income jumped 132% to just over $506,000. Earnings per share increased 18% to $.13 when compared to the same period last year.

Worldwide serves clients as an engineering and quality control firm, handling contract manufacturing in China. It allows U.S. and other clients to enjoy the huge cost savings of manufacturing in China, roughly 50% or more, with none of the headaches involved in supervising an overseas operation.

Worldwide works with approximately 100 companies, primarily in the wireless antenna, aerospace, automotive, and electronics industries, but its many subcontractor contacts in the Shanghai area of China allow it to serve almost any manufacturing need. For example, the company’s successful Solar Division, with a

Worldwide Energy and Manufacturing USA, Inc., a Chinese manufacturing company specializing in products for customers in the industries of solar energy, aerospace, wireless telecommunications, medical equipment and automotive, announced today that its solar division has a backlog totaling $52 million in solar module contracts. To date, the company has signed approximately $90 million in new contracts, most of which are anticipated to be recorded during the current calendar year.

Worldwide Energy’s Chief Executive Officer Jimmy Wang stated, “Our solar division continues to obtain new module contracts from new customers as well as existing customers demonstrating our ability to retain customers as well to gain new customers in the renewable energy market despite of the temporary downturn on the worldwide demand for renewable alternative energy consumption.”

He added, “We are very encouraged by the achievement we have made and anticipate another triple digit growth for our solar business this year. We will continue

Worldwide Energy and Manufacturing USA, Inc. (OTCBB: WEMU) announced that it has filed applications for eight Chinese patents in solar module technology that aim to improve voltage receiving capacity and the production process as well as increase power output and enhance design.

CEO Jimmy Wang commented, “We are extremely proud of the technologies developed around these patents applications. Our technology provides us with a number of competitive advantages, including more efficient and longer-lasting modules, which saves the end-user both time and money in the long-term. We also believe that our phenomenal growth over the last 12 months in our solar division is partly a result of going to market with superior solar module products.”

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Worldwide Energy and Manufacturing USA, Inc., a U.S.-based China manufacturer focused on manufacturing and distributing solar modules in the commercial sector, this morning announced that it has applied to have its common stock listed on the NASDAQ Capital Market.

CEO Jimmy Wang commented, “We have worked very hard over the last four years to put our company in a position to qualify for a NASDAQ listing. Our contract manufacturing division and our solar division are experiencing double- and triple-digit earnings and revenue growth, respectively. We have spent considerable time meeting with officials at the NASDAQ over the last 12 months, and we strongly believe this is the right time to take this significant step and apply for a listing on the NASDAQ.”

He added, “We also believe that a listing on NASDAQ will make it less difficult for retail brokers to build long-term positions in our stock and thus will contribute to

Worldwide Energy and Manufacturing USA Inc. (WEMU.OB) is an engineering-oriented firm specializing in PV panel, mechanical, electronics, and fiber optic products manufacturing. The company’s worldwide customer base includes the following industries: solar energy, wireless communications, aerospace, medical equipment, and automobiles.

Worldwide Energy announced on September 23, 2008 that its solar division, AmeriSolar, has signed $8.1 million in two new solar module contracts. The first contract for $4 million came from a new customer and the second contract for $4.1 million came from an existing customer. To date, AmeriSolar has signed approximately $30 million in new contracts, the majority of which are expected to be recorded in 2008.

The company’s long-term objective is to become a leading player in the solar module industry. Worldwide Energy CEO Jimmy Wang stated: “Our solar divison continues to obtain new module contracts and we are very encouraged by the strong growth. We have already surpassed our projected

Worldwide Energy and Manufacturing USA Inc. is an engineering and quality control firm specializing in manufacturing products for customers in the solar energy, aerospace, wireless telecommunications, medical equipment, and automotive industries. Worldwide has established relationships with factories in China and arranges for the manufacture of components and goods for its customers.

Worldwide primarily works with a select group of factories located around Shanghai, China. To ensure that the products meet international standards, all of the active subcontractors have earned the International Standard Organization-9000 certification. The certification is issued to a factory after its management has received the required training. Because of its strong business relationships with manufacturers in China, Worldwide is able to significantly reduce its customers’ manufacturing costs while maintaining a high level of quality. In some instances, Worldwide has been able to negotiate a savings of up to 50%.

Worldwide currently manufactures components and products for over 100 companies in