SOURCE: WPCS International Inc

WPCS International Inc

November 17, 2015 09:00 ET

WPCS Announces Plan to Expand Into Texas Market

Move Will Add Security Systems Integration to Service Offerings

SUISUN, CA--(Marketwired - Nov 17, 2015) - WPCS International Incorporated (NASDAQ: WPCS), which specializes in contracting services for communications infrastructure, today announced that it will be expanding into the Texas market for security integration and low voltage communication, as part of its strategic growth plan.

According to Interim CEO, Sebastian Giordano, "Security integration is a natural extension of our existing contracting business, providing opportunities for higher margins and recurring revenue. We have an aggressive plan to become a dominant player in the security integration and low voltage communication business on a national level utilizing both organic investment and selected strategic acquisitions."

Butch Roller, President of Suisun Operations, whose role was recently expanded to include sourcing and integrating acquisitions and product/market expansion opportunities, added that, "Prior to joining WPCS, Wally Wallace, our newly hired Sr. Vice President of Sales and Business Development and myself were instrumental in building the former MCS Fire & Security business, a super-regional security systems integration business that grew annual revenues from $10 million to $45 million a year, over a 5-year period with a CAGR of 35%. We are extremely confident in our team's ability to replicate that success at WPCS."

"Launching security integration in Texas makes perfect sense for WPCS, as both Butch and Wally are very knowledgeable of the Texas market and have already communicated with several key potential customer accounts and major access control and video vendors from past business relationships. We expect to commence operations in San Antonio in early 2016. Once established in Texas, we will then port these security services to our Suisun Operations in northern California, and ultimately, to other markets we are targeting," Giordano concluded.

ABOUT WPCS INTERNATIONAL INCORPORATED

WPCS provides contracting services to the public services, healthcare, energy and corporate enterprise markets in the United States. 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
    Mr. David Allen
    Chief Financial Officer
    Phone: 707.759.6008
    Email: Email Contact