WPCS Announces Rescheduled Conference Call to Discuss FY2014 Second Quarter Financial Results; Recent Announcement Regarding

WPCS Announces Rescheduled Conference Call to Discuss FY2014 Second Quarter 
Financial Results; Recent Announcement Regarding Bitcoin 
EXTON, PA -- (Marketwired) -- 12/18/13 --  WPCS International
Incorporated (NASDAQ: WPCS), ("WPCS" or the "Company"), today has
announced that it will conduct a conference call scheduled for
Thursday, December 19, at 5:00 pm ET to discuss both its financial
results for the FY2014 second quarter ended October 31, 2013 and its
recent acquisition of BTX Trader.  
As previously announced, WPCS entered into various agreements to
acquire BTX Trader LLC (BTX), an early stage technology company
currently engaged in the development of a proprietary platform for
the bitcoin industry, and issued 2,348 shares of its 12% Series E
Preferred Stock, and warrants to purchase 1,500,000 shares of common
stock exercisable at $5.00 per share in connection with the
acquisition. Although no revenue is currently being generated, the
BTX acquisition represents a new line of business to the Company. 
The Company also announced that it would be seeking stockholder
approval for various matters, including an amendment to its
certificate of incorporation to increase the number of shares
authorized for issuance to stockholders. The Company is required to
reserve for issuance under the 12% Series E Preferred Stock and
Warrants related to the BTX acquisition approximately 2.7 million
shares of common stock. The additional shares the Company seeks to
have authorized for issuance are required to satisfy prior
contractual obligations and for future purposes, such as potential
acquisitions or financings. The foregoing description is intended as
a clarification and does not constitute a solicitation of any vote or
proxy, which shall only be by virtue of a Proxy Statement filed with
the SEC and distributed to stockholders containing additional
information. 
Bitcoin is a digital or virtual currency that uses peer-to-peer
technology to facilitate instant payments. Bitcoin is a type of
alternative currency known as a cryptocurrency, which uses
cryptography for security, making it difficult to counterfeit.
Bitcoin issuance and transactions are carried out collectively by the
network, with no central authority, and allows users to make secure,
verified transfers. BTX has developed and is currently beta testing a
trading system to offer bitcoin traders advanced charting, trading
blotters, and trading integration across five of the major bitcoin
exchanges, which will allow users to see liquidity, route orders,
identify arbitrage opportunities across all platforms, and to control
trading risks with access to stop loss orders. The BTX business is
intended to become a data and service provider for users and
exchanges of bitcoin, but is not presently a bitcoin exchange itself
(although the Company may determine to invest in and develop a
bitcoin exchange in the future). There can be no assurance that the
Company or bitcoin in general, will be successful. 
Sebastian Giordano, Interim Chief Executive Officer, commented, "We
are very excited about bitcoin and the prospect offered by BTX to
participate in a quickly evolving marketplace. Although there are
numerous risks, we believe that the software platform being developed
by BTX will support the opportunities to advance bitcoin as an asset
class, currency, money transfer mechanism, and important alternative
in the financial markets space. As one of the first publicly traded
companies to make an early entrance into the bitcoin space, we
believe this transaction is consistent with ongoing efforts to
provide the Company with an opportunity to deliver improved
shareholder value in the future."  
To participate on the conference call, please dial 800-875-3456 for
calls within the U.S. and 302-607-2001 for calls from outside the
U.S. Upon reaching the operator, use VH71326 as the verbal pass code. 
Sebastian Giordano, Interim CEO of WPCS, will be discussing the
company's financial results, market conditions and business outlook,
including BTX. In addition, a BTX spokesman will be available to
respond to questions about BTX. When the overview concludes, you can
be placed into the queue for questions by pressing *1 and can be
removed from the queue by pressing the # sign. Replays of the
conference call will be available for a period of five days by
dialing 402-220-2946 and entering 71326 as the program identification
number. 
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. 
The Company and its operations, including bitcoin activities, are
subject to substantial risks. Some of those risks are described under
"Risk Factors" in the Company's filings and reports filed with the
SEC at www.sec.gov. The risks associated with BTX and bitcoin in
general are not fully known and will be described in future filings
with the SEC and therefore investors should be aware that the
Company's SEC filings do not presently provide a complete description
of all risks that face the Company's business and affairs. 
CONTACT:  
WPCS International Incorporated
610-903-0400 x104
ir@wpcs.com 
 
 
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