<SEC-DOCUMENT>0001144204-14-030911.txt : 20140515
<SEC-HEADER>0001144204-14-030911.hdr.sgml : 20140515
<ACCEPTANCE-DATETIME>20140515105429
ACCESSION NUMBER:		0001144204-14-030911
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20140515
DATE AS OF CHANGE:		20140515
EFFECTIVENESS DATE:		20140515

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:			0430

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34643
		FILM NUMBER:		14844662

	BUSINESS ADDRESS:	
		STREET 1:		ONE EAST UWCHLAN AVENUE
		STREET 2:		SUITE 301
		CITY:			EXTON
		STATE:			PA
		ZIP:			19341
		BUSINESS PHONE:		6109030400

	MAIL ADDRESS:	
		STREET 1:		ONE EAST UWCHLAN AVENUE
		STREET 2:		SUITE 301
		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
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>v378803_defa14a.htm
<DESCRIPTION>FORM DEFA14A
<TEXT>
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<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WASHINGTON, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SCHEDULE 14A</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Proxy Statement Pursuant to Section 14(a)
of the Securities</B> <B>Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="width: 42%; padding-right: 0.8pt">&nbsp;</td>
    <td style="width: 58%; padding-right: 0.8pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font-size: 10pt">Filed by the Registrant</font></td>
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font: 10pt Wingdings"><b>x</b></font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font-size: 10pt">Filed by a Party other than the Registrant</font></td>
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font: 10pt Wingdings">&uml;</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="width: 7%; padding-right: 0.8pt">&nbsp;</td>
    <td style="width: 93%; padding-right: 0.8pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td colspan="2" style="padding-right: 1.8pt; text-align: justify"><font style="font-size: 10pt">Check the appropriate box:</font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font: 10pt Wingdings">&uml;</font></td>
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font-size: 10pt">Preliminary Proxy Statement</font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font: 10pt Wingdings">&uml;</font></td>
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font-size: 10pt"><b>Confidential, For Use of the Commission Only (as Permitted by Rule 14a-6(e)(2))</b></font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font: 10pt Wingdings">&uml;</font></td>
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font-size: 10pt">Definitive Proxy Statement</font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font: 10pt Wingdings"><b>x</b></font></td>
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font-size: 10pt">Definitive Additional Materials</font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font: 10pt Wingdings">&uml;</font></td>
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font-size: 10pt">Soliciting Material Pursuant to &sect; 240.14a-12</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>WPCS INTERNATIONAL INCORPORATED</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Name of Registrant as Specified in its
Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Name of Person(s) Filing Proxy Statement,
if other than the Registrant)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td colspan="2" style="padding-right: 1.8pt; text-align: justify"><font style="font-size: 10pt">Payment of Filing Fee (Check the appropriate box):</font></td></tr>
<tr style="vertical-align: top">
    <td style="width: 7%; padding-right: 0.8pt; text-align: justify"><font style="font: 10pt Wingdings"><b>x</b></font></td>
    <td style="width: 93%; padding-right: 0.8pt; text-align: justify"><font style="font-size: 10pt">No fee required</font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font: 10pt Wingdings">&uml;</font></td>
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font-size: 10pt">Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.</font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font-size: 10pt">(1)</font></td>
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font-size: 10pt">Title of each class of securities to which transaction applies: &nbsp;</font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 0.8pt; text-align: justify">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font-size: 10pt">(2)</font></td>
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font-size: 10pt">Aggregate number of securities to which transaction applies: &nbsp;</font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font-size: 10pt">(3)</font></td>
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font-size: 10pt">Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):</font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font-size: 10pt">(4)</font></td>
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font-size: 10pt">Proposed maximum aggregate value of transaction: &nbsp;</font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font-size: 10pt">(5)</font></td>
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font-size: 10pt">Total fee paid: &nbsp;</font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font: 10pt Wingdings">&uml;</font></td>
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font-size: 10pt">Fee paid previously with preliminary materials:</font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font: 10pt Wingdings">&uml;</font></td>
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font-size: 10pt">Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.</font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font-size: 10pt">(1)</font></td>
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font-size: 10pt">Amount previously paid:</font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font-size: 10pt">(2)</font></td>
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font-size: 10pt">Form, Schedule or Registration Statement No.:</font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font-size: 10pt">(3)</font></td>
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font-size: 10pt">Filing Party:</font></td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 0.8pt">&nbsp;</td>
    <td style="padding-right: 0.8pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font-size: 10pt">(4)</font></td>
    <td style="padding-right: 0.8pt; text-align: justify"><font style="font-size: 10pt">Date Filed:</font></td></tr>
</table>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On May 15, 2014, WPCS International Incorporated,
in connection with a Special Meeting of Stockholders scheduled to be held on May 30, 2014, issued a press release. A copy of the
press release is set forth below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0.5in; text-align: center"><IMG SRC="image_002.gif" ALT="Description: WPCS" STYLE="height: 81px; width: 189px"></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WPCS Requests Support from Its Shareholders
to Vote in Favor of Proposals at Special Meeting of Stockholders</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>EXTON, PA - (Marketwired &ndash; May
15, 2014) - </B>WPCS International Incorporated (NASDAQ: WPCS), which specializes in contracting services for communications infrastructure
and the development of a Bitcoin trading platform, today is reminding shareholders of the special meeting of the stockholders to
be held on May 30, 2014. The board of directors recommends that shareholders vote &ldquo;FOR&rdquo; all the proposals at the special
meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Sebastian Giordano, Interim Chief Executive
Officer, commented, &ldquo;Our management team and the board of directors are asking our shareholders for their support at our
upcoming Special Meeting. We want to continue to be direct and forthright with our shareholders and explain why a vote &ldquo;FOR&rdquo;
the following proposals is in the best interest for the future of our Company:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Approving the sale of Australia will divest
the Company of a non-core, unprofitable operation, while eliminating the remaining $1.2 severance payment obligation to the Company&rsquo;s
former Chairman and CEO; </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The proposal to increase the number of
authorized shares will enable the Company to meet its existing obligations under outstanding convertible notes, convertible preferred
stock, warrants and stock option agreements. If noteholders converted their remaining notes to common shares, the Company would
have a significantly lower amount of debt ; and</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Other than for issuances under the proposed
Equity Incentive Plan or existing convertible securities, increasing the number of authorized shares would provide the Company
with flexibility for future strategic acquisitions or capital raising necessary for building and growing the BTX Trader business.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We believe that given the progress that
we have made in the last nine months through our restructuring initiatives, by voting in favor of these proposals, WPCS will be
in a much better position to capitalize on the next phases of its strategic plan. As previously announced, the potential sales
of the Seattle Operations and China Operations could generate approximately $4 million in total cash, and coupled with the possible
conversion of notes and resulting debt retirement, our balance sheet would be significantly improved. We believe this improved
financial condition will afford WPCS the opportunity to move our remaining contracting and BTX Trader businesses forward, with
a capital structure in place to prudently raise growth capital, as needed, and to pursue strategic acquisitions.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Mr. Giordano concluded, &ldquo;We value
and require your ongoing support and believe that we are completing a successful restructuring that would best position the Company
for long-term growth and building shareholder value.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Special Meeting of the Stockholders
Details:</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left">Date:</TD><TD STYLE="text-align: justify">10:00 a.m., local time</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left">Time:</TD><TD STYLE="text-align: justify">May 30, 2014</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left">Where:</TD><TD STYLE="text-align: justify">At the offices of Sichenzia Ross Friedman Ference LLP</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">61 Broadway, 32<SUP>nd</SUP>&nbsp;Floor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">New York, New York
10006</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">How to Vote:&#9;To vote your shares, you
may return your proxy card or attend the Special Meeting and vote in person. &#9;Even if you plan to attend the Special Meeting,
the Company urges you to promptly submit a proxy for &#9;your shares by completing, signing, dating and returning the proxy card
mailed to each shareholder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Special Meeting Proposals:</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">1.</TD><TD STYLE="text-align: justify">To authorize the sale by the Company of all the issued and outstanding capital stock of The Pride
Group (QLD) Pty Ltd, pursuant to the Securities Purchase Agreement by and between WPCS Australia Pty Ltd and Turquino Equity LLC,
dated September 19, 2013, as more fully described in the proxy statement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">2.</TD><TD STYLE="text-align: justify">To approve an amendment to the Certificate of Incorporation of the Company to increase the Company&rsquo;s
authorized shares of common stock from 14,285,714 to 75,000,000;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">3.</TD><TD STYLE="text-align: justify">To approve the potential&nbsp;issuance of more than 20% of the Company&rsquo;s issued and outstanding
common stock at a price that is less than the greater of book or market value in accordance with a securities purchase agreement
between the Company and the investors named therein, dated December 17, 2013;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">4.</TD><TD STYLE="text-align: justify">To approve the WPCS International Incorporated 2014 Equity Incentive Plan, which has 3,500,000
shares of the Company&rsquo;s common stock reserved for issuance thereunder; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">5.</TD><TD STYLE="text-align: justify">To transact such other business as may properly come before the meeting and any postponements or
adjournments thereof.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: justify"><B>About WPCS International Incorporated</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: justify">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 <FONT STYLE="color: blue">www.wpcs.com</FONT>
and <FONT STYLE="color: blue">www.btxtrader.com</FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.4pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>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 &quot;forward looking&quot; 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&rsquo;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.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: Black 0.75pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>CONTACT</I>:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">Alliance Advisors, LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">Valter Pinto</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">PH: (914) 669-0222</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">valter@allianceadvisors.net</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: -0.5in">&nbsp;</P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

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