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Stock Market & Financial Investment News

News Breaks
December 31, 2013
16:22 EDTWPCSWPCS International announces operational, corporate updates
WPCS International Incorporated announced several operational and corporate updates related to its contracting business, recent Bitcoin acquisition and administrative matters as of December 31. Since last reporting new contracts for July and August 2013, the company is announcing that for the four months ended December 31, its two profitable domestic subsidiaries have executed new project contract awards of approximately $6.8M, a 27% increase over the $5.4M of contracts awarded for the same period last year. Notable customers included: Johnson Controls, Siemens, Honeywell, SimplexGrinell, San Francisco International Airport, Sutter General Hospital and California Pacific Medical Center. The company has initiated a search for a President for its Bitcoin trading platform, BTX Trader, secured office space for BTX in New York City; and is currently pursuing several key BTX-related strategic initiatives that it hopes to be able to report upon early in 2014. In addition, since announcing the public beta of its BTX trading platform, the company has experienced a 600% increase in beta enrollments; With its corporate office lease expiring on January 31, 2014, the Company will be relocating to a smaller, lower cost space, which will be accompanied by further reductions in related overhead expenses. Recently, the Company entered into a separation agreement with a former executive that it expects will save approximately $200,000 in future compensation expense; and The company has entered into a non-binding agreement with a business broker to find a buyer for the 60% interest in its China-based joint venture.
News For WPCS From The Last 14 Days
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April 11, 2014
07:51 EDTWPCSWPCS International to host conference call
Management holds a conference call to discuss 3Q14 financial results and the pending sale of the company's Seattle operations and upcoming launch of BTX Trader on April 16 at 4:30 pm.

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