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WORLDWIDE MANUFACTURING USA, INC. SIGNS LETTER OF INTENT TO ACQUIRE SHANGHAI LIZUN PRECISION MECHANICAL PRODUCTS MANUFACTURING CO., LTD. Factory Has Estimated 2005 Revenues of $3 Million Worldwide Manufacturing USA, Inc. (''Worldwide'') (BULLETIN BOARD: WMFG) www.wwmusa.com, an engineering and quality control firm, specializing in international contract manufacturing and its logistic services, today announced that it has signed a letter of intent to acquire Shanghai Lizun Precision Mechanical Products Manufacturing Co., Ltd -- a die casting and machining factory producing components for the automobile, motorcycle, telecommunications and home supply industries. Shanghai Lizun Precision Mechanical Products Manufacturing Co., Ltd. is located in the suburbs of Shanghai and occupies an area of 95,943 square feet in a building sized 19,121 square feet. The factory contains three workshops: a die casting shop, a machining shop and a painting shop. It currently employs 107 employees, and has estimated 2005 revenues to be $3 million and an after tax net profit of $300,000. Worldwide will pay the owner 1 million restricted shares of Worldwide''s common stock in exchange for the factory''s total net and invisible assets. In addition, Worldwide will invest $300,000 to upgrade the factory''s equipment to increase productivity. Worldwide anticipates completing the acquisition by the end of September, 2005. Jimmy Wang, CEO and President of Worldwide, stated, ''Worldwide continues to move forward on its plan to purchase at least one new factory in each of its product groups: Foundry, Machining and Stamping, Electronics, and Fiber Optics Components -- setting the stage for anticipated explosive growth in the near future.'' About Worldwide Manufacturing USA, Inc. Worldwide Manufacturing USA, Inc. (''Worldwide'') is headquartered in San Bruno, California, and its two wholly-owned subsidiaries, Shanghai Intech Electro Mechanical Products, and Chengde Science & Technology Co., Ltd., are located in Shanghai, China, and Changchun City, China, respectively. Worldwide is a 9-year-old engineering-oriented firm specializing in international contract manufacturing, and is also a direct manufacturer of automobile air- conditioning units. Its customers include the industries of wireless telecommunications, aerospace and automobile. Worldwide also manufactures components for industries of machinery, tools, home electrical solutions and electronic parts such as electronic toys.
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