WPCS Announces Adjournment of Special Meeting & Seeks to Obtain a Quorum of Voting Stockholders Owning Shares as of April 25,...
June 02 2014 - 11:00AM
Marketwired
WPCS Announces Adjournment of Special Meeting and Seeks to Obtain a
Quorum of Voting Stockholders Owning Shares as of April 25, 2014
EXTON, PA--(Marketwired - Jun 2, 2014) - WPCS International
Incorporated (NASDAQ: WPCS), which specializes in contracting
services for communications infrastructure and the development of a
Bitcoin trading platform, today announced that its special meeting
of stockholders scheduled for, and convened on, May 30, 2014, was
adjourned due to the lack of a requisite quorum. Only stockholders
of record on the record date April 25, 2014 are entitled to, and
are being requested to, vote.
Sebastian Giordano, Interim Chief Executive Officer, commented,
"We believe it is important that stockholders who have yet to vote
be provided additional time to do so. Again, on behalf of the
management team and the board of directors, we are asking
shareholders for their support and vote "FOR" all the proposals
which are in the best interest of the Company's future."
The special meeting has been adjourned to June 11, 2014 at 10:00
a.m. (Eastern Daylight Time) at the offices of Sichenzia Ross
Friedman Ference LLP at 61 Broadway, 32nd Floor, New York, NY 10006
to allow additional time for the stockholders to vote on the
proposals set forth in the Company's proxy statement filed with the
SEC, which is available at
http://www.sec.gov/Archives/edgar/data/1086745/000114420414025401/v376074_def14a.htm.
The Company encourages all stockholders who have not yet voted
to do so before June 10, 2014 at 11:59 p.m. (Eastern Daylight
Time). The stockholders may vote by internet at
http://www.cesvote.com, or by telephone at (888) 693-8683, or by
returning your proxy card to Alliance Advisors LLC, PO Box 2400,
Pittsburgh, PA 15230-9762.
No changes have been made in the proposals to be voted on by
stockholders at the special meeting. The Company's proxy statement
and any other materials filed by the Company with the SEC remain
unchanged and can be obtained free of charge at the SEC's website
at www.sec.gov.
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: Capital Markets Group, LLC Valter Pinto PH:
(914) 669-0222 or (212) 398-3486 Email Contact
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