SOURCE: WPCS International Incorporated

WPCS International Incorporated

January 04, 2016 09:00 ET

WPCS Awarded Nearly $2.0 Million in New Contracts in December

159% Increase Over Same Month in 2014

SUISUN, CA--(Marketwired - Jan 4, 2016) - WPCS International Incorporated (NASDAQ: WPCS), which specializes in contracting services for communications infrastructure, today announced that it secured $1,985,000 in new contracts in the month of December 2015 as compared to $765,000 during the same month last year.

According to Sebastian Giordano, Interim CEO of WPCS, "While the end of the calendar year has historically been the slowest months for our business, our Suisun team has generated a resounding 159% increase in contracts signed for December 2015 as compared to December 2014. This follows last month's announcement of a 72% increase in November 2015 contracts signed as compared to November 2014. Meanwhile, we expect to accelerate the launch of our new security contracting operation in the Texas market to commence later this month."

ABOUT WPCS INTERNATIONAL INCORPORATED

WPCS provides low voltage communication 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