Worldwide Energy (PINK:WEMU)

2009 Q&A

The GeoTeam posed some questions to Worldwide Energy and Manufacturing management to get some insight into aspects of the company that may help the average investor understand Worldwide's story.

Q: What are the most important factors you would like investors to know that affect your price and ensuing margins?

A: Patented technology that can provide something special to the customers. The outstanding management team has made the company achieve consistent double and triple digit growth since 1998 and we expect to achieve at least 30% growth in revenues and 80% growth in earnings in this difficult 2009 market when 90% of our competitors either lose money or have negative revenue and earnings growth.
Q: What should investors monitor to gauge potential factors that affect your business? Is there a website or publication you can provide as a point of reference?

A: The management team, especially our solar management team. The goal is to work out an incentive program for them to work hard for the company for the long term. Our Website: wwmusa.com.
Q: Are you competing with and/or supplying companies like First Solar (NASDAQ;FSLR)?

A: No. entirely different operation scale. We are targeting a different customer base.
Q: How can you accurately forecast with short contract terms?

A: From now on, I do not give out the backlog number in our releases because a scheduled long term contract might end up with changes in price and volume. It is typical in solar industry this year. The expected volume to be shipped in my public statements is the volume that has been confirmed to be shipped within the quarter and therefore it is accurate.
Q: Will margins increase or decrease and be more or less volatile due to your entry into the solar industry?

A: Yes. Solar market is volatile and is it common to negotiate prices and volumes after contracts have been issued to suppliers.
Q: What are the sizes of your markets? Do you have industry stats for the solar market and a benchmark that you are aiming for?

A: I do not have industry data now. But, the market we are exploring is at least $10 billion dollars.
Q: Please explain in for GeoInvesting's readers, in layman's terms, what a pv solar module is?

A: It is a device to be installed on the roofs or sides of buildings in order to expose to them sunshine for the purpose of generating power, light and heat.
Q: Are you planning on abandoning your non-solar markets?

A: No, not for now. While the company is still small, the non-solar department still contributes a good percentage of our revenues and earnings. In the future, when the company grows to a certain scale, we might consider it. But the contract manufacturing business has historically provided us with a reliable source of revenue.
Q: When do you expect to resume normal credit/accounts receivables terms?

A: When the economy fully recovers.
Q: How near are you to hiring a CFO.

A: I can hire one immediately. But for now my major concern is to make the company as profitable as possible. Jeff [Watson] has done a good job. I will keep him as the CEO up to the end of 2010 when the revenue is expected to be $100 million.

Q & A posted Dec. 15, 2009

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