WPCS Appoints Marcum LLP as Its New Independent Public Accounting Firm
January 30 2014 - 5:15PM
Marketwired
WPCS Appoints Marcum LLP as Its New Independent Public Accounting
Firm
EXTON, PA--(Marketwired - Jan 30, 2014) - WPCS International
Incorporated (NASDAQ: WPCS) today announced that it has appointed
Marcum LLP ("Marcum") as its new independent registered public
accounting firm. The decision to engage Marcum was made by the
Company's Audit Committee, acting on behalf of the Company's Board
of Directors.
According to Audit Committee Chairman Kevin Coyle, "While the
Company's former auditors, CohnReznick LLP resigned on December 20,
2013, the Company had no unresolved disagreements with them during
the two most recent fiscal years or through the date of their
resignation, on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or
procedure. Upon being notified of their decision, we
immediately commenced the process to identify and interview
prospective, highly qualified firms and, as a result, we have
determined that Marcum would be best suited for WPCS."
The Company also pointed, in large part, to Marcum's experience
and reputation given:
- More than 60 years of experience serving middle market
companies;
- More than 1,200 professionals, ranking the firm among the top
20 nationwide;
- Ninth (9th) largest SEC auditing practice in the nation, with
over 100 publicly-traded clients, including those that trade on the
NYSE, AMEX and NASDAQ;
- Twenty (20) offices with a broad scope of national and
international resources;
- Four (4) offices in China, with over 75 U.S. trained CPAs;
and,
- Significant experience with both construction and technology
organizations.
Sebastian Giordano, Interim CEO, added that, "Given the
Company's evolving business needs, especially with our recent
bitcoin-related acquisition, we are very pleased to engage Marcum
as our new independent auditors."
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
statements.
CONTACT: WPCS International Incorporated 484-359-7228
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