WPCS Updates Bitcoin Platform Rollout Plan

WPCS Updates Bitcoin Platform Rollout Plan 
EXTON, PA -- (Marketwired) -- 01/21/14 --   WPCS International
Incorporated (NASDAQ: WPCS) today reported continued progress with
its rollout strategy for its BTX Trader ("BTX") Bitcoin trading
platform (www.btxtrader.com). According to Interim CEO Sebastian
Giordano, "Though the acquisition was only recently completed on
December 17, 2013, we are formalizing our plans and undertaking
several initiatives to launch and begin monetizing this exciting
Divya Thakur, BTX Chief Technology Officer stated that, "BTX is the
first trading platform to enable Bitcoin traders and investors to
access market data as well as execute orders for the top six (6)
Bitcoin exchanges in a single application. What further
differentiates BTX from any other product in the market is the
opportunity to be the premier algorithmic trading platform for
digital currencies, allowing traders to execute orders and trading
strategies not available on other exchanges, such as 'stop limit';
which BTX already offers." 
Ilya Subkhankulov, BTX Chief Operating Officer, provided additional
clarification on BTX's rollout plan, indicating that, "In addition to
our core trading functionality, the current free beta version of our
Windows-based desktop application provides users with the unique
ability to:  
i. Trade with an institutional-grade user experience;
 ii. Access
reliable and curated market data; and,
 iii. Utilize sophisticated
market data visualization tools, such as tick charts. 
Over the coming weeks and months, we will be announcing a continuing
stream of functionality enhancements for our beta users, including: 
i. Broader platform accessibility via web and mobile applications;  
ii. Integration with other exchanges and digital currencies; and,  
iii. Features, such as commission estimates and P&L tracking.  
While we will disclose our BTX revenue model at a future date, we are
still projecting an official launch of the BTX platform in the 2nd
Quarter of calendar 2014," Subkhankulov concluded.  
In other BTX developments, Giordano continued that, "While the BTX
development team works diligently to prepare for launch, we are
taking other measures to plant the seeds for future potential growth
of this segment of our business. We have recently en
gaged the
services of the New York City-based law firm of Merle, Brown &
Nakamura, P.C., which has represented numerous money transmitters,
check cashers and foreign exchange companies. We are very excited
about forging this relationship to help guide us through the domestic
and international regulatory requirements related to Bitcoin." 
About WPCS International Incorporated 
WPCS operates in two business segments including: (1) providing
communications infrastructure contracting services to the public
services, healthcare, energy and corporate enterprise markets
worldwide; and (2) 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
610-903-0400 x104
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