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WPCS Awarded $16 Million in New Contracts(April 18, 2012)
EXTON, PA -- (Marketwire) -- 04/18/12 -- WPCS International Incorporated (NASDAQ: WPCS), a leader in design-build engineering services for communications infrastructure, has announced that it has received approximately $16 million in new contracts.
The new contracts include projects to be completed for Oxnard School District, Enfield Police Department, Styrolution America, Enfield Emergency Medical Services, CT Transit, MONOC, Bethlehem Volunteer Fire Department, Cranford Police Department, Siemens, Terman Middle School, University of California-Berkeley, NSTAR, Mount Wachusett Community College, New Brunswick Police Department, Manalapan Police Department, Ambulance Service of Manchester, Peoples Natural Gas and Duquesne Light. In Australia, new contracts were awarded for Holy Spirit Hospital, Narangba Railway Station, Rochedale Estates and Cherbourg Hospital. WPCS was also awarded a contract from the Taian Gas Group in China.
Myron Polulak, Executive Vice President of WPCS, commented, "As reported in the last quarter, WPCS had losses on a few projects which set us back. However, new contracts are being awarded to the company on a regular basis. Our reputation and workmanship remains at the highest level and customers continue to be satisfied with our services. As we continue to obtain new contracts, we believe that we will turnaround the recent performance and deliver much better results in the upcoming fiscal year."
About WPCS International Incorporated:
WPCS is a design-build engineering company that focuses on the implementation requirements of communications infrastructure. The company provides its engineering capabilities including wireless communication, specialty construction and electrical power to the public services, healthcare, energy and corporate enterprise markets worldwide. For more information, please visit www.wpcs.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.
WPCS International Incorporated
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