SUISUN, CA--(Marketwired - Oct 5, 2016) - WPCS International Incorporated (NASDAQ: WPCS), a full-service low-voltage solutions provider in the business of developing, installing and servicing integrated structured cabling, audio-visual and security systems, today announced that it has appointed Capital Markets Group, LLC ("CMG") as Investor Relations Advisor. Headquartered in New York City, CMG is comprised of capital markets professionals assisting emerging growth public and private companies on strategic advisement, messaging/brand building, communications and marketing to the investment community.
Sebastian Giordano, CEO of WPCS, commented, "Now that our successful restructuring is behind us, we are entirely focused on achieving an absolute turnaround. For us, that means growth, a permanent return to profitability and achieving sustainable increases in shareholder value. Our current backlog and pipeline of potential opportunities are steadily building and we expect this will fuel significant growth this fiscal year. It is imperative that our current stockholders and the investment community clearly understand the Company's growth plan. CMG is the right partner to help us communicate our message effectively."
Valter Pinto, Partner at CMG added, "Under Sebastian's leadership, the WPCS team has done a great job in navigating WPCS through some very rough waters these past few years and successfully completing the restructuring. Today, the Company is well-positioned for growth with a strong pipeline not only in California, but also in new markets such as San Antonio and Dallas. We are excited about working with Sebastian and the entire team at WPCS and telling the investment community this emerging growth story."
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.