WPCS Suisun City Operations Announces $5.5 Million in New Contracts

EXTON, PA--(Marketwired - Jul 8, 2014) - WPCS International Incorporated (NASDAQ: WPCS) (the "Company"), which specializes in contracting services for communications infrastructure and the development of a Bitcoin trading platform, today announced approximately $5.5 million in new contracts in its Suisun City operations for the period January 1, 2014 through May 31, 2014. These results compare to $2.3 million for the same year-over-year period, an increase of 141%. The Company is only reporting on its Suisun City operations as it expects it to be the only remaining domestic contracting operation following the proposed sale of the Seattle operations. 

Suisun City offers low voltage communication infrastructure contracting services to the public services, healthcare, energy and corporate enterprise markets. Notable new contracts include projects for Burton High School, California Pacific Medical Center, San Francisco International Airport, and Sutter General Hospital.

Sebastian Giordano, Interim Chief Executive Officer, commented, "While we continue to move forward with divesting the legacy operations of Seattle, Australia and our joint venture interest in China, we continue to operate and monetize our profitable Suisun City operation. Under the leadership of President Butch Roller, their team has done an excellent job of maintaining a strong backlog and being awarded new projects. We are confident that this operation will continue to experience growth and generate profit. In addition, we will be providing a separate update shortly on our newly launched BTX Trader operations." 

About WPCS International Incorporated:
WPCS operates in two business segments including: (1) providing communications infrastructure contracting services to the public services, healthcare, energy and corporate enterprise markets worldwide; and (2) developing a Bitcoin trading platform. For more information, please visit www.wpcs.com and www.btxtrader.com.

Statements about the company's future expectations, including future revenue and earnings and all other statements in this press release, other than historical facts, are "forward looking" statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time. The company's actual results could differ materially from expected results. In reflecting subsequent events or circumstances, the company undertakes no obligation to update forward-looking statements.