UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
___________________________
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(D) of the Securities Exchange Act of 1934
Date
of report (date of earliest event reported): March 9,
2009
___________________________
WPCS
INTERNATIONAL INCORPORATED
(Exact
name of registrant as specified in its charter)
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Delaware
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0-26277
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98-0204758
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(State
or Other Jurisdiction
of
Incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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One
East Uwchlan Avenue, Suite 301, Exton, PA 19341
(Address
of principal executive offices)
Registrant’s
telephone number, including area code: (610) 903-0400
Copy
of correspondence to:
Marc J.
Ross, Esq.
Thomas A.
Rose, Esq.
James M.
Turner, Esq.
Sichenzia
Ross Friedman Ference LLP
61
Broadway
New York,
New York 10006
Tel: (212)
930-9700 Fax: (212) 930-9725
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
[ ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
ITEM
8.01 Other
Events
On March 9, 2009, WPCS International
Incorporated (the "Company"), acquired Midway Electric Company, an Oregon
corporation ("Midway"). The purchase price was $400,000 in cash, subject to
adjustment, of which, $40,000 is being held in escrow pending determination of a
final net tangible asset valuation. Midway was acquired pursuant to a
Stock Purchase Agreement among WPCS International Incorporated, Midway, Richard
Hoffman and Don Kallberg, dated as of March 9, 2009. In connection with the
acquisition, Midway entered into an employment agreement with Don Kallberg for a
period of two years.
Midway is an electrical contractor
specializing in low and high voltage electrical services. Midway focuses on
industrial and commercial projects and maintains a strong customer base that
includes Armstrong World Industries, Knife River Corporation, Glacier Northwest
and the city of St. Helens, Oregon.
A copy of
the press release that discusses this matter is filed as Exhibit 99.1 to, and
incorporated by reference in, this report. The information in this Current
Report is being furnished and shall not be deemed "filed" for the purposes of
Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the
liabilities of that Section. The information in this Current Report shall not be
incorporated by reference into any registration statement or other document
pursuant to the Securities Act of 1933, except as shall be expressly set forth
by specific reference in any such filing.
ITEM
9.01 Financial
Statements and Exhibits.
(d) Exhibits.
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99.1
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Press
Release, dated March 10, 2009, issued by WPCS International
Incorporated.
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SIGNATURE
Pursuant to the requirement of the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned thereunto duly
authorized.
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WPCS
INTERNATIONAL INCORPORATED |
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Dated: March
10, 2009
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By:
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/s/ JOSEPH
HEATER |
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Joseph
Heater |
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Chief
Financial Officer |
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