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WPCS Secures $1MM Credit Line From First Northern Bank

June 11, 2015, 07:14 AM
Filed Under: Specialty Industries
Related: Asset Based

WPCS International Incorporated which specializes in contracting services for communications infrastructure domestically and natural gas and petroleum transmission pipelines internationally, announced its subsidiary, WPCS International - Suisun City, Inc., had entered into an asset-based revolving credit line agreement with California-based First Northern Bank of Dixon ("First Northern") which provides a $1 million line of credit for its Suisun Operations.

According to Interim CEO Sebastian Giordano, "We are very pleased to announce this new banking relationship with First Northern. We believe that this is yet another positive step in the Company's turnaround, driven primarily by both the profitable results in the Suisun Operations and the success of our corporate restructuring initiatives."

WPCS provides contracting services to the public services, healthcare, energy and corporate enterprise markets in the United States and China.

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