WPCS Announces Executive Change

WPCS Announces Executive Change 
EXTON, PA -- (Marketwired) -- 07/24/13 --  WPCS International
Incorporated (NASDAQ: WPCS) ("WPCS" or the "Company"), a leader in
design-build engineering services for communications infrastructure,
has announced that its Chairman and CEO, Andrew Hidalgo will be
stepping down from his position, effective July 30, 2013, to pursue
private equity investments. Mr. Hidalgo will be replaced by Sebastian
Giordano, a current director, who will assume an Interim CEO role,
while the WPCS Board of Directors undertakes a search for a permanent
Chairman and CEO.  
Mr. Hidalgo stated, "I have enjoyed my time at WPCS and look forward
to supporting the continued success of the Company. I have been
interested in private equity for some time however, due to the two
difficult fiscal years prior to this fiscal year I felt an obligation
to turnaround the financial performance before exiting. This fiscal
year has been a healthier fiscal year for the Company and now I can
step back and allow new leadership to bring WPCS to its next level of
Joseph Heater, Chief Financial Officer for WPCS, commented, "We
cannot express enough gratitude to Andy, as founder of WPCS, for
building the Company from the ground up into a multi-million dollar
corporation operating on three continents. Andy's efforts created
value for all investors and his recent success in turning around the
Company from a difficult financial period just accentuates his
leadership skills." 
Mr. Giordano who has over 25 years of strategic, financial and
operational experience serving as a board member, CEO, CFO, and Chief
Restructuring Officer, added, "With a strong management team that
includes Executive Vice President, Myron Polulak and Chief Financial
Officer, Joseph Heater, as well as strong operation center
presidents, we look forward to building upon the recent positive
developments the Company has achieved. As part of his separation
agreement, Mr. Hidalgo intends to submit a bid to acquire certain
underperforming operation centers from WPCS, which is consistent with
the Company's ongoing plan to improve its financial results,
including evaluating such opportunities, that can increase
shareholder value for all our investors in the near future." 
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
WPCS International Incorporated
610-903-0400 x104
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