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WPCS Announces Public Release Of Beta Version Of BTX Trading Platform

WPCS International Inc. (WPCS), a provider of design-build engineering services for communications infrastructure, Friday said its unit BTX Trader, LLC has released a beta version of Windows-based trading platform. Following news, the shares climbed more than 26 percent in after-hours trading.

According to the firm, BTX Trader is the first trading platform, which will enable Bitcoin traders and industry researchers to access market data and execute orders on the five most popular Bitcoin exchanges in a single application.

BTX Trader was recently acquired by WPCS, and said the trading platform is now available to the public at www.btxtrader.com.

Sebastian Giordano, interim CEO of WPCS stated, "Now that we have completed this pioneering acquisition in the emerging Bitcoin industry, we intend to hit the ground running. The public release of the beta version of the BTX Trader platform will give the market a preliminary glimpse of some of the features and capabilities that will ultimately help define our unique and proprietary technology."

Giordano added that the company fully expects that BTX Trader will begin generating revenue by mid-year of calendar 2014.

"Obviously, we are still in development mode, but we're on schedule to release both web and mobile versions of our platform by early 2014," said BTX Trader Chief Operating Officer, Ilya Subkhankulov.

WPCS closed Thursday's regular trading at $1.51 on the Nasdaq. In the after-hours trading, the stock climbed 26.49 percent.

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