SOURCE: WPCS International Inc

WPCS International Inc

February 01, 2016 09:00 ET

WPCS Secured $4.6 Million of New Contracts in Third Quarter

77% Increase Over Same Quarter Last Year

SUISUN, CA--(Marketwired - Feb 1, 2016) - WPCS International Incorporated (NASDAQ: WPCS), which specializes in low voltage communications and security contracting services, today announced that it added another $631,000 in new contracts during the month of January 2016 to bring its total bookings for the third quarter to $4.6 million, an increase of $2.0 million, or 77%, as compared to $2.6 million during the same quarter last year.

According to Sebastian Giordano, Interim CEO of WPCS, "Our Suisun Operations team has done an excellent job in generating new business during the quarter just completed. Looking ahead, we have significant bid activity that we believe will continue to produce strong revenue and profitable operating results. Meanwhile, we just recently announced the launch of our new security contracting operation in the Texas market which we fully expect will become revenue generating soon and lead to new growth opportunities for WPCS."

ABOUT WPCS INTERNATIONAL INCORPORATED

WPCS provides low voltage communication and security 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