SOURCE: WPCS International Incorporated

WPCS International Incorporated

November 10, 2016 10:01 ET

WPCS Increases Fiscal Second Quarter Contracts to $8 Million with $1.2 Million New Contracts in October

Backlog totals $16.4 Million

SUISUN, CA--(Marketwired - Nov 10, 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 added $1.2 million of new contracts in October 2016 bringing its fiscal 2nd quarter for the year ending April 30, 2017 total to $8.0 million, its best contract signing quarter since the 4th quarter of its fiscal year ending April 30, 2016. 

According to Sebastian Giordano, CEO of WPCS, "In October, we added new audio-visual work out of our Texas Operations involving several purchase orders from a private university for three campus remodeling projects, a new student activity center and a new high school gymnasium. In addition, we secured various contracts from existing clients in our California market. As of October 31, 2016, our backlog was $16.4 million."

ABOUT WPCS INTERNATIONAL INCORPORATED

WPCS is a full-service, low-voltage solutions provider, installing and servicing integrated structured cabling, audio-visual and security systems for public services, healthcare, energy and corporate enterprise markets in the United States. The Company delivers end-to-end solutions, superior project management and best-in-class products and technology in California and Texas. For more information about WPCS, 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

  • COMPANY CONTACT

    Mr. David Allen
    Chief Financial Officer
    WPCS International Incorporated
    Phone: 707.759.6008
    Email: Email Contact

    INVESTOR CONTACT

    Mr. Valter Pinto, Partner
    Capital Markets Group, LLC
    Phone: 914.669.0222 x201
    Email: Email Contact
    www.CapMarketsGroup.com