
MANUFACTURING / ENGINEERING / CONSTRUCTION - June 15 to June 30, 2004
WORLDWIDE MANUFACTURING USA SEES SALES INCREASE
SAN BRUNO - Worldwide Manufacturing USA - an 8-year-old engineering firm specializing in international contract manufacturing and related logistic services - reports first quarter financials showing combined net sales of its China-based subsidiary of $1,398,681 and net income of $194,542.
The figures compare to sales of $1,057,831 and a net loss of $130,515 during the first quarter of 2003 or an increase of 32% in sales and an improvement of $325,057 in net income. Worldwide Manufacturing is headquartered in San Bruno, California. The company's wholly owned subsidiary, Shanghai Intech Electro Mechanical Products Co., Ltd. is located in a large industrial park complex in Shanghai, China. The firm specializes in international contract manufacturing and logistic services for clients in a number of industries including aerospace, automotive, and electronics.
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