-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TreVUNwjOkSyWrYcjtOj+7hYpG1T77wlarse3QeqQ5FJmQxKdUo3Ehv6H+FnnXGk X10oJMIXD5OvWaNtlLBDpQ== 0001013762-03-000352.txt : 20030820 0001013762-03-000352.hdr.sgml : 20030820 20030820124008 ACCESSION NUMBER: 0001013762-03-000352 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030820 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20030820 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WPCS INTERNATIONAL INC CENTRAL INDEX KEY: 0001086745 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899] IRS NUMBER: 980204758 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-26277 FILM NUMBER: 03857527 BUSINESS ADDRESS: STREET 1: 140 SOUTH VILLAGE AVENUE STREET 2: SUITE 20 CITY: EXTON STATE: PA ZIP: 19341 BUSINESS PHONE: 6109030400 MAIL ADDRESS: STREET 1: 140 SOUTH VILLAGE AVENUE STREET 2: SUITE 20 CITY: EXTON STATE: PA ZIP: 19341 FORMER COMPANY: FORMER CONFORMED NAME: PHOENIX STAR VENTURES INC DATE OF NAME CHANGE: 20010424 FORMER COMPANY: FORMER CONFORMED NAME: WOWTOWN COM INC DATE OF NAME CHANGE: 20000315 FORMER COMPANY: FORMER CONFORMED NAME: PARAMOUNT SERVICES CORP DATE OF NAME CHANGE: 19990519 8-K 1 aug2020038k.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities and Exchange Act of 1934 Date of Report (Date of earliest reported): August 15, 2003 WPCS INTERNATIONAL INCORPORATED (Exact name of registrant as specified in charter) Delaware 0-26277 98-0204758 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 140 South Village Avenue, Suite 20, Exton, Pennsylvania 19341 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (610) 903-0400 ITEM 7. Financial Statements and Exhibits. (c) Exhibits. The following documents are filed as exhibits to this report: 99.1 Press release issued August 15, 2003 ITEM 9. Regulation FD Disclosure (information furnished under Item 12, "Results of Operations and Financial Condition"). The information contained in this Current Report is intended to be furnished under Item 12, "Results of Operations and Financial Condition," and is provided under Item 9 pursuant to interim guidance issued by the Securities and Exchange Commission in Release Nos. 33-8216 and 34-47583. As such, the information hereunder shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. A copy of the press release issued by WPCS International Incorporated on August 15, 2003, announcing its results of operations and financial condition for the fourth quarter and year ended April 30, 2003, is filed herewith as Exhibit 99.1 and is incorporated herein by reference. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. WPCS International Incorporated Date: August 19, 2003 /s/ ANDREW HIDALGO --------------------------- Andrew Hidalgo, President EX-99 2 aug20038kex991.txt Exhibit 99.1 PRESS RELEASE SOURCE: WPCS International Incorporated WPCS Reports 4th Quarter and FY2003 Results EXTON, PA-- (BUSINESS WIRE) - August 15, 2003 -- OTCBB: WPCS - News) ---- WPCS International Incorporated reported today a profitable quarter and revenue growth for its fourth quarter ended April 30, 2003. Net earnings for the quarter were $180,000, or $0.01 per share, compared to $11,000 in the same period a year ago. Revenue for the fourth quarter ended April 30, 2003 was $3.2 million, compared to revenue of $228,000 in the same period a year ago. For the fiscal year ended April 30, 2003, revenue was $5.4 million compared to revenue of $402,000 for the period November 15, 2001 (date of inception) to April 30, 2002. For the fiscal year ended April 30, 2003, the reported net loss applicable to common shareholders was $554,000, or $0.05 per share compared to net income of $11,000 for the period November 15, 2001 (date of inception) to April 30, 2002. Excluding a non-cash charge of $173,000 recorded in fiscal 2003 as an imputed preferred stock dividend related to the issuance of its Series B Preferred Stock, the net loss for the year ended April 30, 2003 was $381,000, or $0.04 per share. Andrew Hidalgo, CEO of WPCS International, stated: "In FY2003, WPCS accomplished many milestones including two acquisitions that strengthened our project engineering capabilities on a national basis. We have been able to execute on our plan and by creating operational efficiencies, produced a profitable fourth quarter. We look forward to the future as we continue to build WPCS as a leader in project engineering for wireless infrastructure and specialty communication systems." About WPCS International Incorporated: WPCS and its subsidiary companies provide specialized communication systems and comprehensive wireless solutions for wireless fidelity (WiFi) and fixed wireless applications, including wireless products, engineering services, structured cabling and deployment. WPCS offer the ability to integrate superior solutions from a multitude of vendors across the vast majority of communication requirements. The company has an extensive customer base that includes many major corporations, government entities and educational institutions. For more information, please visit our website at www.wpcs.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 safe harbor provisions of the Securities Exchange Act of 1934. 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: Carol Lindley WPCS Investor Relations 610-903-0400 ir@wpcs.com -----END PRIVACY-ENHANCED MESSAGE-----