WPCS International
Incorporated, a leader in design-build engineering services
for specialty communication systems and wireless infrastructure, has
announced that it has completed the acquisition of Empire Electric of West
Sacramento, California.
Historically profitable, Empire Electric is projected to achieve
approximately $9 million in revenue and $850,000 in earnings before
interest and taxes for their current fiscal year ended October 31, 2007.
WPCS acquired 100% of Empire Electric for $2 million in cash at
closing. An additional purchase price of up to $1 million will be paid in
cash and/or stock, at the discretion of WPCS, if Empire Electric achieves
its fiscal year earnings before interest and taxes projection of $850,000.
WPCS International Incorporated
WPCS is a design-build engineering company that focuses on the
implementation requirements of wireless technology. The company serves the
specialty communication systems and wireless infrastructure sectors and
provides services that include site design, technology integration,
electrical contracting, construction and project management for
corporations, government entities and educational institutions worldwide.
Source: WPCS
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