Quercus Trust exchanges WorldWater shares

By Lisa Kerner

Charlotte, N.C., Feb. 1 - The Quercus Trust reported the exchange of 19.7 million shares of WorldWater & Solar Technologies Corp. common stock on Jan. 25 for 19,700 shares of series E convertible preferred stock, each of which is convertible into 1,000 shares of common stock.

The exchange was made in connection with a stock exchange agreement and reported in a schedule 13D filing with the Securities and Exchange Commission.

The investors beneficially own 18,392,500 shares for a 9.8% ownership interest in the company.

WorldWater operates as a solar engineering and project management company in Pennington, N.J.

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