WPCS Receives Favorable NASDAQ Listing Determination

WPCS Receives Favorable NASDAQ Listing Determination 
EXTON, PA -- (Marketwired) -- 07/02/14 --   WPCS International
Incorporated (NASDAQ: WPCS) (the "Company"), which specializes in
contracting services for communications infrastructure and the
development of a Bitcoin trading platform, today announced that on
July 1, 2014, the Company received notice from The NASDAQ Stock
Market LLC that the NASDAQ Hearing Panel (the "Panel") has determined
to grant the Company's request for continued listing on The NASDAQ
Capital Market, subject to certain conditions, including the
solicitation of proxies and the holding of a combined annual meeting
for fiscal 2013 and 2014 by September 30, 2014. 
As previously disclosed, on May 2, 2014, the NASDAQ Listing
Qualifications Staff notified the Company that it did not timely
satisfy the annual meeting and proxy solicitation requirements, as
set forth in NASDAQ Listing Rules 5620(a) and 5620(b), respectively,
and that the Company's securities were subject to delisting unless
the Company timely requested a hearing before the Panel. On June 12,
2014, the Company appeared before the Panel, at which it requested an
extension through September 30, 2014 to satisfy the proxy
solicitation and annual meeting requirements. 
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
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
Capital Markets Group, LLC
Valter Pinto
PH: (914) 669-0222 or (212) 398-3486
Press spacebar to pause and continue. Press esc to stop.