SOURCE: WPCS International Inc.

April 07, 2014 08:00 ET

WPCS Announces Launch Date for BTX Trader Platform

BTX to Exhibit at the "Inside Bitcoin" Conference in NYC on April 7-8, Booth #309

EXTON, PA--(Marketwired - Apr 7, 2014) - WPCS International Incorporated (NASDAQ: WPCS) which specializes in contracting services for communications infrastructure and the development of a Bitcoin trading platform, today announced April 18, 2014 as the official launch of its web and desktop multi-exchange Bitcoin trading platform, BTX Trader. 

According to Interim CEO, Sebastian Giordano, "Our BTX team, led by Chief Operating Officer Ilya Subkhankulov and Chief Technology Officer Divya Thakur have done an exemplary job to ensure that we delivered on our promise to launch the BTX Trader platform in the second quarter of 2014."

Elaborating on the launch of BTX Trader, Mr. Subkhankulov indicated that, "BTX Trader is launching as a freemium-based product, where the main features of the platform, such as charts, market data, and simple orders to exchanges, will remain free to all users. Meanwhile, BTX Trader's advanced order types will be offered to Bitcoin traders worldwide at 0.2% of the notional trade value executed, with all fees collected in the form of Bitcoin from the user's balances prepaid to BTX Trader. In addition to the stop limit order type, we will be offering stop market, market hidden, trailing stop limit, and trailing stop market order types."

Mr. Thakur indicated that, "BTX Trader will be attending the "Inside Bitcoin" conference at the Jacob Javits Convention Center in New York City on April 7 - 8. Interested parties can visit us at Booth #309."

About WPCS International Incorporated

WPCS operates in two business segments including: (1) providing communications infrastructure contracting services to the public services, healthcare, energy and corporate enterprise markets worldwide; and (2) developing a Bitcoin trading platform. For more information, please visit www.wpcs.com and www.btxtrader.com.

Statements about the company's future expectations, including future revenue and earnings and all other statements in this press release, other than historical facts, are "forward looking" statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time. The company's actual results could differ materially from expected results. In reflecting subsequent events or circumstances, the company undertakes no obligation to update forward-looking statements.

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