EX-99.1
5
ex991.htm
EXHIBIT 99.1
Unassociated Document
Exhibit
99.1
PRESS
RELEASE SOURCE:
WPCS International Incorporated
WPCS
Completes Acquisition of James Design Pty Ltd
EXTON,
PA - (PR Newswire - First Call) - December 3, 2007)
WPCS International
Incorporated (NASDAQ: WPCS), a leader in design-build engineering services
for
specialty communication systems and wireless infrastructure, has announced
that
it has completed the acquisition of James Design Pty Ltd of Brisbane,
Australia.
Historically
profitable, James Design is projected to achieve approximately $1.7 million
in
revenue and $600,000 in earnings before interest and taxes for their current
fiscal year ending December 31, 2007. WPCS acquired 100% of James Design for
$1.2 million in cash at closing.
Andrew
Hidalgo, CEO of WPCS International Incorporated, commented, "We are pleased to
conclude the James Design acquisition as it now establishes operations for
WPCS
in Australia. We believe that there are many opportunities to provide our
complete scope of communication infrastructure services in the fast growth
Australian market and we will focus on expanding our presence in the months
ahead."
About
WPCS International Incorporated:
WPCS
is a
design-build engineering company that focuses on the implementation requirements
of wireless technology. The company serves the specialty communication systems
and wireless infrastructure sectors and provides services that include site
design, technology integration, electrical contracting, construction and project
management for corporations, government entities and educational institutions
worldwide. For more information, please visit
www.wpcs.com
Statements
about the company's expectations, including 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.
Contact:
Carol
Lindley / WPCS International Incorporated
610-903-0400
x100
ir@wpcs.com

EX - 99 . 1 5 ex991 . htm EXHIBIT 99 . 1 Un associated Document Exhibit 99 . 1 PRESS RELEASE SOURCE : WPCS International Incorporated WPCS Completes Acquisition of James Design Pty Ltd EXTON , PA - ( PR Newswire - First Call ) - December 3 , 2007 ) WPCS International Incorporated ( NASDAQ : WPCS ) , a leader in design - build engineering services for specialty communication systems and wireless infrastructure , has announced that it has completed the acquisition of James Design Pty Ltd of Brisbane , Australia . Historically profitable , James Design is projected to achieve approximately $ 1.7 million in revenue and $ 600,000 in earnings before interest and taxes for their current fiscal year ending December 31 , 2007 . WPCS acquired 100 % of James Design for $ 1.2 million in cash at closing . Andrew Hidalgo , CEO of WPCS International Incorporated , commented , " We are pleased to conclude the James Design acquisition as it now establishes operations for WPCS in Australia . We believe that there are many opportunities to provide our complete scope of communication infrastructure services in the fast growth Australian market and we will focus on expanding our presence in the months ahead . " About WPCS International Incorporated : WPCS is a design - build engineering company that focuses on the implementation requirements of wireless technology . The company serves the specialty communication systems and wireless infrastructure sectors and provides services that include site design , technology integration , electrical contracting , construction and project management for corporations , government entities and educational institutions worldwide . For more information , please visit www.wpcs.com Statements about the company 's expectations , including 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 . Contact : Carol Lindley / WPCS International Incorporated 610 - 903 - 0400 x100 ir@wpcs.com