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SIGNATURES
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Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
WorldWater & Solar Technologies Corp.
By: /s/ Quentin T. Kelly
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Name: Quentin T. Kelly
Title: Chief Executive Officer
Dated: February 26, 2008
EXHIBIT INDEX
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99.1 Press Release dated February 21, 2008
EXHIBIT 99.1
[GRAPHIC OMITED]
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FOR RELEASE ON 2/21/08 AT 3:01 A.M. EST
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WORLDWATER & SOLAR TECHNOLOGIES ANNOUNCES THREE
NEW BOARD MEMBERS: DAVID GELBAUM, TRUSTEE OF THE QUERCUS TRUST;
DAVID ANTHONY, MANAGING PARTNER OF 21 VENTURES; AND DR. WALTER HESSE
OF ENTECH, INC., WORLDWATER'S NEWLY MERGED SUBSIDIARY
PLACECITYEWING, STATEN.J. - February 21, 2008 - WorldWater & Solar Technologies
Corp. (OTC BB: WWAT.OB), developer and marketer of proprietary high-power solar
systems, today announced three additions to its Board of Directors. David
Gelbaum, Trustee of The Quercus Trust, David Anthony, Managing Partner of
21Ventures, and Dr. Walter Hesse, founder and leader of ENTECH, were appointed
today and joined the Board effective immediately, increasing the Board's size
from seven members to ten. Mssrs. Gelbaum and Anthony come as representatives
of The Quercus Trust, which owns approximately 24.1% of the equity ownership in
WorldWater on a fully diluted basis, following its recent investment of $35.6
million and earlier open market purchases and private stock placements with the
Company. Dr. Hesse joins the Board following the successful completion of the
ENTECH merger. All are Board interim appointments to be confirmed by
shareholder votes at upcoming Annual Meetings.
"Given the accomplishments of the past few months, it is with great pride that
we welcome these three esteemed individuals to WorldWater's Board," said Quentin
T. Kelly, Chairman and CEO. "David Gelbaum is a strong proponent of advanced
and next-generation solar technology, and it is an honor to have him participate
directly in the future of our company. Likewise, David Anthony, a venture
capitalist who also teaches at the New York Academy of Sciences, will bring
professional entrepreneurial experience and vision to WorldWater. I am also
pleased to welcome Dr. Hesse to our Board. I have known Walter as CEO of ENTECH
for several years now, and our two companies together are already working
aggressively to bring the ENTECH 20X concentrator PV and thermal technology into
full production for implementation in the country-regionplaceU.S. and world
markets by this summer."
ABOUT WORLDWATER & SOLAR TECHNOLOGIES CORP:
WorldWater & Solar Technologies Corporation is a full-service, international
solar electric engineering and water management company with unique,
high-powered and patented solar technology that can not only generate and
distribute electricity, but can drive 1000 horsepower motors and pumps from
sunshine independently or in conjunction with the electric grid, providing
solutions to a broad spectrum of the world's electricity and water supply
problems. For more information about WorldWater & Solar Technologies Corp.,
visit the website at www.worldwater.com.
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ABOUT ENTECH, INC:
ENTECH, Inc., a wholly owned subsidiary of WorldWater & Solar Technologies
Corp., provides advanced concentrator solar energy technology for a variety of
applications, ranging from solar power arrays for spacecraft and terrestrial
implementation to day lighting systems for commercial buildings. The company's
patented solar power systems produce electricity from sunlight for applications
on Earth (terrestrial power) and in space (spacecraft power). ENTECH's arched
Fresnel lenses capture sunlight and focus it onto small solar cells, thereby
reducing electricity costs compared to conventional flat-plate (planar) solar
energy approaches. Additional information can be found at
http://www.entechsolar.com.
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FORWARD LOOKING STATEMENTS:
Except for historical information contained herein, this document contains
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These statements involve known and unknown risks
and uncertainties that may cause the Company's actual results or outcomes to be
materially different from those anticipated and discussed herein. Further, the
Company operates in industries where securities values may be volatile and may
be influenced by regulatory and other factors beyond the Company's control.
Other important factors that the Company believes might cause such differences
are discussed in the risk factors detailed in the Company's 10-KSB and its
quarterly reports on Form 10-QSB both as filed with the Securities and Exchange
Commission, which include the Company's cash flow difficulties, dependence on
significant customers, and rapid development of technology, among other risks.
In assessing forward-looking statements contained herein, readers are urged to
carefully read all cautionary statements contained in the Company's filings with
the Securities and Exchange Commission.
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WORLDWATER & SOLAR TECHNOLOGIES CONTACT: Jessie Sullivan: (609) 818-0700 ext. 20
JSullivan@worldwater.com
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PRESS CONTACT: Amy Copeman (609) 818-0700 ext. 58
ACopeman@worldwater.com
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INVESTOR RELATIONS CONTACT: Chris Witty (646) 438-9385
cwitty@darrowir.com
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