ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS: ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
(b) WorldWater & Solar Technologies Corp. (the "COMPANY") announced in a
press release today the resignation of Larry Crawford, Chief Financial Officer
of the Company, effective June 18, 2008. A copy of the press release is
furnished as Exhibit 99.1 to this report.
(c) The Company also announced today the appointment of James Vittor as Chief
Accounting Officer. Mr. Vittor, who will retain his current title of Corporate
Controller, has been employed by the Company since September 2006. Prior to his
employment with the Company, Mr. Vittor, age 47, was employed by Lab-Volt
Systems, Inc. of Wall, New Jersey from 1996 to September 2006 in the position of
Corporate Controller where he was responsible for direct management of all
internal financial reporting, and overseeing all areas of accounting and
finance.
ITEM 9.01 - FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
99.1 Press Release dated June 12, 2008.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
WORLDWATER & SOLAR TECHNOLOGIES CORP.
By: /s/ Frank W. Smith
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Frank W. Smith
Chief Executive Officer
EXHIBIT 99.1
[WORLDWATER & SOLAR TECHNOLOGIES CORP. LOGO
[GRAPHIC OMITED]
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FOR RELEASE JUNE 12, 2008
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WORLDWATER & SOLAR TECHNOLOGIES ANNOUNCES
MANAGEMENT CHANGES
EWING, N.J. - June 12, 2008 - WorldWater & Solar Technologies Corp. (OTC BB:
WWAT.OB), developer and marketer of proprietary high-power solar systems, today
announced that, effective June 18, 2008, Larry Crawford has resigned his
position as CFO to pursue other interests and spend more time with his family.
The Company intends to immediately initiate a search for a new CFO.
Concurrently, WorldWater's Corporate Controller, James Vittor, has been promoted
and will take the additional title of Chief Accounting Officer.
"Larry helped build this company into what it is today, and we wish him all the
best going forward," stated Frank Smith, CEO of WorldWater. "We will now begin
the process of finding a new CFO who will bring a high level of experience,
professionalism, and passion to lead the finance function of WorldWater during
this critical juncture in our growth. We are also very grateful to have Jim
Vittor with us and are pleased to promote him to Chief Accounting Officer given
his excellent track record and strong accounting credentials."
ABOUT WORLDWATER & SOLAR TECHNOLOGIES
WorldWater & Solar Technologies Corp. 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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WORLDWATER & SOLAR TECHNOLOGIES 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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