SOURCE: WPCS International Inc.

WPCS International Inc.

April 08, 2015 16:30 ET

Suisun City Operations Signs $14.4 Million in New Contracts in March

Domestic Operation Performing Well as Corporate Restructuring Continues

SUISUN, CA--(Marketwired - Apr 8, 2015) - WPCS International Incorporated (NASDAQ: WPCS), which specializes in contracting services for communications infrastructure domestically and natural gas and petroleum transmission pipelines internationally, today announced that its domestic operation was awarded $14.4 million in new contracts during the month of March 2015.

Sebastian Giordano, Interim CEO of WPCS, commented, "While we continue our corporate restructuring efforts, we are extremely pleased to see our core Suisun City business continue to capitalize upon its stellar reputation as a leading provider of low voltage and structured building communications cabling."

The two San Francisco-based structured, low voltage communications cabling and installation projects include an $8.4 million contract for the California Pacific Medical Center, Cathedral Hills, a new 274-bed hospital and a $4.5 million contract for the Trans Bay Center Project, a visionary and transformational transportation and housing project that, once completed, will be the tallest structure in San Francisco. In addition, WPCS was also awarded $1.5 million in new work from existing customers.

Butch Roller, President of Suisun City Operations added, "As our largest project, the $20 million San Francisco General Hospital contract concludes this May, these signature multi-year projects, which commence in late 2015 and early 2016, lay a strong foundation for a robust fiscal 2016 and beyond. Our expectation is that by late April or early May 2015, our backlog will be close to $30 million."

About WPCS International Incorporated
WPCS provides contracting services to the public services, healthcare, energy and corporate enterprise markets in the United States and China. For more information, please visit www.wpcs.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including, but not limited to, statements with respect to the Company's future growth opportunities and strategic plan. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Contact Information

  • INVESTOR CONTACT:
    WPCS International Incorporated
    David Allen
    Chief Financial Officer
    Phone: 707.759.6008
    Email: Email Contact