WPCS announces acquisition of Lincoln Wind

Jul 01, 2008 (TELECOMWORLDWIRE via COMTEX) -- WPCS | Quote | Chart | News | PowerRating -- WPCS International Incorporated (Nasdaq: WPCS), a provider of design-build engineering services for specialty communication systems and wireless infrastructure, announced on Monday (30 June) that the company has completed the acquisition of the assets of Lincoln Wind LLC, an engineering company providing meteorological towers that measure the wind capacity of geographic areas prior to the construction of a wind farm.

The purchase price was USD400,000 in cash.

Lincoln Wind is reportedly historically profitable, and is projected to achieve approximately USD2m in revenues and USD500,000 in earnings before interest and taxes over the next twelve months.

With the completion of the acquisition, Lincoln Wind will be assimilated directly into Max Engineering, a wholly owned subsidiary of WPCS.

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