SOURCE: WPCS International Inc

WPCS International Inc

October 28, 2015 09:00 ET

WPCS Bolsters Operational Management Team

Enhancements Signal Launch of Growth Plan

SUISUN, CA--(Marketwired - Oct 28, 2015) - WPCS International Incorporated (NASDAQ: WPCS), which specializes in contracting services for communications infrastructure, today announced three key changes to its operational management team that become effective on November 2, 2015. 

According to Interim CEO Sebastian Giordano, "Our operational strategy is to increase revenue and profit by leveraging the core competencies of our profitable Suisun Operations through a combination of organic growth initiatives and strategic acquisitions to secure new customers, broaden service offerings and expand into select new markets. To accomplish these objectives, I am very pleased to announce that we have:

  • Expanded the role of Butch Roller, President - WPCS International - Suisun City, Inc. to include responsibility for sourcing and integrating acquisitions and product/market expansion opportunities, and transitioning from day-to-day management to supervision of contracting operations.

    Mr. Roller has more than 23 years' work experience specializing in enterprise solutions and services within the low voltage communications space. He joined WPCS in October 2012 as President of its Suisun Operations and was responsible for leading the turnaround of this then struggling unit into a profitable business. Previously, Mr. Roller served as President of MCS Fire and Security and Argyle Security from 2004 - 2012, Director of West Coast Operations, Siemens Building Technology from 2002 - 2004, and Vice President of Pinkerton Security West Coast Operations from 1999 - 2002. Prior to working in the private sector, Mr. Roller retired in May 1992 as a decorated Marine Officer after 22 years of service. Mr. Roller graduated from Embry Riddle Aeronautical University with a Bachelor of Aeronautics.
     
  • Hired Walter Wallace as Senior Vice President of Sales and Business Development where he will be responsible for driving sales growth and be a key member of the mergers and acquisitions team.

    Mr. Wallace has over 20 years of senior executive management and leadership experience in enterprise software and solutions sales securing lucrative business opportunities and premium customers, and providing system design, installation, integration and services to Fortune 500 companies across key vertical markets. From 2012 - 2014, he was Vice President of Business Development for China Software International Limited Global IT Services, a Microsoft National Systems Integrator, where he led the business development team and was responsible for the corporate M&A strategy. From 2005 - 2012, Mr. Wallace served as the Senior Vice President for MCS Security and Argyle Security and was responsible for increasing sales from $15M to over $45M in his first three years. He worked for General Electric Company from 1997 - 2005, at GE Industrial Systems/GE Security as National Sales Manager and various sales & marketing leadership positions, and also served on several GE M&A teams. Mr. Wallace earned an M.B.A. from the University of Pittsburgh, Katz Graduate School of Business and a B.S. in Electrical Engineering from Point Park University.

  • Promoted Rick Ruth to General Manager - WPCS International - Suisun City, Inc. where he will now be responsible for day-to-day management of the Suisun Operations.

    Mr. Ruth has more than 21 years of experience developing and implementing facility design, construction, and scheduling of low voltage structured cabling systems and holds numerous industry certifications. Mr. Ruth joined WPCS in 2003 and has been a Senior Project Manager for one of WPCS's largest customers.

Giordano added that, "After recently announcing the end of our restructuring, the Company subsequently reported a modest profit from continuing operations for the first quarter and expects that Q2 will further demonstrate continued improvement in our operating results. Now, we're aggressively launching the third quarter with a deeper operational management team keenly focused on profitably growing our business." 

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