WorldWater & Solar Technologies Corp. and ENTECH, Inc. Start Engineering for New Production Line of Concentrator Panels – Companies' Cooperative Effort Precedes Final Closure of Acquisition, Which Awaits Authorization of Additional Shares Expected in August/September 2007 PENNINGTON, N.J., July 5, 2007 (BUSINESS WIRE) WorldWater & Solar Technologies Corp. (OTC BB:WWAT.OB-News), formerly WorldWater & Power Corp., developer and marketer of proprietary high-power solar systems, today announced that the Company and ENTECH, Inc. have begun engineering procedures for the manufacturing line of ENTECH panels at their headquarters in Keller, TX for delivery of product in early 2008. Full closure of the acquisition of ENTECH by WorldWater cannot take place until new shares are authorized at the forthcoming Special Shareholder meeting anticipated in late August/September 2007.
Quelle: WorldWater.com "We are together in our efforts to meet manufacturing goals and timelines," said Quentin T. Kelly, Chairman and CEO of Worldwater & Solar Technologies Corp., also speaking for Dr. Walter Hesse, CEO of ENTECH, Inc. "We are undertaking these actions in anticipation of the closing by end of summer." |