Adding Security Services Reflects Integrated Growth Strategy
SUISUN, CA--(Marketwired - Jan 25, 2016) - WPCS International Incorporated (
According to Sebastian Giordano, Interim CEO of WPCS, "Security systems integration is a natural extension of our current low voltage communications contracting service business. We've always considered security integration as an integral part of a growth strategy that could lead to regional and national expansion opportunities in the future."
Through its security systems integration contracting services business, which also provides the potential for recurring service revenue, WPCS will offer the installation of access control systems, alarm monitoring, video surveillance, video management systems, video storage, video walls, perimeter fence security and security management systems to various markets including health care, K-12, public sector, petro-chemical, energy, ports and transportation sectors.
"Several months after announcing the end of a successful restructuring, we reorganized our operational team in anticipation of commencing a growth strategy to profitably build our business. Expanding our service offering and demographic presence are appropriate next steps. Meanwhile, we continue to aggressively explore and consider all viable options that, we believe, will ultimately lead to increased shareholder value," Giordano concluded.
ABOUT WPCS INTERNATIONAL INCORPORATED
WPCS provides low voltage communication and security contracting services to the public services, healthcare, energy and corporate enterprise markets in the United States. For more information, please visit www.wpcs.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including, but not limited to, statements with respect to the Company's future growth opportunities and strategic plan. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
WPCS International Incorporated
Mr. David Allen
Chief Financial Officer