WPCS Announces Public Beta Release of BTX Bitcoin Trading Platform
EXTON, PA -- (Marketwired) -- 12/26/13 -- WPCS International
Incorporated (NASDAQ: WPCS), ("WPCS" or the "Company"), today
announced that its wholly-owned subsidiary, BTX Trader, LLC ("BTX
Trader" or "BTX") has released a beta version of its Windows-based
trading platform that is now available to the public at
www.btxtrader.com. BTX Trader, which was recently acquired by WPCS,
is the first trading platform to enable Bitcoin traders and industry
researchers to access market data and execute orders on the five most
popular Bitcoin exchanges in a single application.
According to Sebastian Giordano, Interim CEO of WPCS, "Now that we
have completed this pioneering acquisition in the emerging Bitcoin
industry, we intend to hit the ground running. The public release of
the beta version of the BTX Trader platform will give the market a
preliminary glimpse of some of the features and capabilities that
will ultimately help define our unique and proprietary technology."
"We encourage Bitcoin traders and others to download, install and try
out the beta version of the BTX Trader application and take a look at
our blog for the latest updates. Obviously, we are still in
development mode, but we're on schedule to release both web and
mobile versions of our platform by early 2014," continued BTX Trader
Chief Operating Officer, Ilya Subkhankulov.
Divya Thakur, BTX Trader Chief Technology Officer, added that, "A key
differentiating aspect of our professional grade user interface is
that it utilizes a proprietary BTX logic that we believe will help
traders better manage risk."
Current beta features include:
-- Order Entry
Standard limit orders and stop limit orders on five exchanges --
CampBX, BTC-E, BitStamp, BTC China and Mt. Gox;
-- Trade Life Cycle Management
Blotter window to monitor positions and orders, including the
ability to cancel orders;
-- Market Data
Real-time information for six exchanges: CampBX, BTC-E, BitStamp,
BTC China, Mt. Gox & CaVirtex displaying time and sales trades;
quotes with latest prices bid/ask/last prices; tick charts showing
bid/ask/last over the past four hours; and, bar charts for longer term
price trend analysis.
Giordano concluded that, "In addition to continuing the aggressive
steps initiated in August 2013 to improve WPCS' balance sheet and
performance through, amongst other things, cost reductions, debt
restructuring, cessation and sale of negative cash flow businesses,
and focusing on our remaining profitable engineering subsidiaries, we
fully expect that BTX Trader will begin generating revenue by
mid-year of calendar 2014. This public beta release is merely the
first step towards establishing and then growing the Bitcoin segment
of our business."
About WPCS International Incorporated
WPCS operates in two business segments including: providing
engineering capabilities such as wireless communication, specialty
construction and electrical power to the public services, healthcare,
energy and corporate enterprise markets worldwide, and developing a
Bitcoin trading platform. For more information, please visit
www.wpcs.com and www.btxtrader.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
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