SOUTH SAN FRANCISCO, CA and SHANGHAI, CHINA, April 5, 2010 -- On March 26, 2010, the management of Worldwide Energy and Manufacturing USA, Inc. (OTCBB: WEMU) (the "Company") determined that its original equity classification of certain warrants granted in connection with the Company's 2008 equity financing, (which occurred on June 23, 2008 and July 24, 2008) which was included in the Company's previously issued consolidated financial statements, was incorrect.
Worldwide Energy and Manufacturing USA, Inc. closed at $5.20 Monday, trading 15,767 shares.
Worldwide Energy Announces Restatement Related to Warrant Issuance in 2008 Financing
About Worldwide Energy and Manufacturing USA, Inc.
Worldwide Energy and Manufacturing USA, Inc. (wwmusa.com), headquartered in South San Francisco, California, is a 16-year-old engineering-oriented firm specializing in photovoltaic (PV) panel, mechanical, electronics and fiber optic products manufacturing. The company's worldwide customer base includes the industries of solar energy, wireless telecommunications, aerospace, automobiles and medical equipment. Subsidiaries include Shanghai Intech Electro Mechanical Products Co. Ltd., Shanghai Intech Electronics Manufacturing Co. Ltd. and Shanghai Intech Precision Mechanical Products Manufacturing Co. Ltd., located in Shanghai, China.
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LEAGUE CITY, TX, April 5, 2010 -- ERF Wireless (OTCBB: ERFW), a leading provider of enterprise-class wireless and broadband products and services, announced today that the company has filed its Form 10-K with the Securities and Exchange Commission reporting results for the year ended December 31, 2009.
ERF Wireless closed at $0.145 Monday, trading 144,070 shares.
ERF Wireless Reports 2009 Annual Results
About ERF Wireless
ERF Wireless Inc. is a fully reporting public corporation located in League City, Texas, and is the parent company of ERF Oil & Gas Services, ERF Enterprise Network Services, ERF Bundled Wireless Services, ERF Wireless Messaging Services and ERF Network Services. The company specializes in providing wireless and broadband product and service solutions to enterprise, commercial and residential clients on a regional, national and international basis. Its principals have been in the wireless broadband, network integration, triple-play FTTH, IPTV and content delivery business for more than 40 years. For more information, please visit our websites at erfwireless.com and erfwireless.net or call 281-538-2101. (ERFWG)
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