21.02.03

21.2.2003: Meldung: WorldWater and Winrock Int. Sign Contract

WorldWater Corp. (OTCBB:WWAT - News) and Winrock International of Morrilton, Ark. and Arlington, Va. have signed a contract related to an electrification project in the Philippines.

Winrock has an Agreement with the United States Agency for International Development to support 160 barangays (communities) in the provinces of Tawi Tawi and Basilan, southwest of Mindanao, and WorldWater has been selected as a sub-contractor for an early assessment phase.

The contract calls for WorldWater, a solar and water engineering company, to research and prepare a report that characterizes the water resource and sanitation conditions of the respective regions, determine potential solutions for improved water resources development, and identify associated costs and implementation requirements.

The work to be performed by WorldWater is to be concluded by July 3, 2003. The amount payable to WorldWater under the contract is $86,935.

FORWARD-LOOKING STATEMENTS

This document may contain Statements which constitute "forward-looking statements." "Forward-looking statements" include any statement which is not of purely historical fact, such as statements concerning plans, objectives, goals, strategies and future events, and underlying assumptions.

Such forward-looking statements involve known and unknown risks, and uncertainties expressed or implied by such forward-looking statements and actual results could be materially different from those projected.

Actual events or results may differ materially from those discussed in forward-looking statements as a result of various factors, including, without limitation, general economic and business conditions which may impact demand for our solar generated pumps and electricity; changes in tax laws and regulations; our ability to implement our marketing strategy and to expand our business in the worldwide market; our ability to build our production facility up to the level of efficiency and output for our planned production; and changes in laws and government regulations applicable to our business, including laws in foreign nations.

Contact:

WorldWater Corp.
Quentin T. Kelly, 609/818-0700
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