Kingtone Wirelessinfo Solution Holding Ltd Reports Fiscal Year 2013 Financial Results; Provides Fiscal Year 2014 Revenue and Net Income Guidance

FY13 Revenues Up 696.8% to $11.6 million from $1.5 million in the Prior Year
FY13 Gross Profit Up 527.7% to $1 million from $0.2 million loss in the Prior Year
FY13 Basic and Diluted Loss Per Share Up to $3.65 from Loss Per Share of $6.40 in the Prior Year

Kingtone Wirelessinfo Solution Holding Ltd (Nasdaq CM: KONE) ("Kingtone", or the "Company"), a China-based developer and provider of mobile enterprise solutions, today announced financial results for its fiscal year ended September 30, 2013. The financial statements and other financial information included in this press release are prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP").

WPCS Announces Public Beta Release of BTX Bitcoin Trading Platform

 WPCS International Incorporated (NASDAQ: WPCS), ("WPCS" or the "Company"), today announced that its wholly-owned subsidiary, BTX Trader, LLC ("BTX Trader" or "BTX") has released a beta version of its Windows-based trading platform that is now available to the public at www.btxtrader.com. BTX Trader, which was recently acquired by WPCS, is the first trading platform to enable Bitcoin traders and industry researchers to access market data and execute orders on the five most popular Bitcoin exchanges in a single application. 

According to Sebastian Giordano, Interim CEO of WPCS, "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."

Engility to Acquire Dynamics Research Corporation

Complementary Businesses Expand Market Opportunity with New Customers in High Priority Markets
Further Diversifies Engility’s Government Services Offerings and Access to Contract Vehicles
Expected to be Accretive to 2014 Earnings and Significantly Accretive to Earnings in 2015 and Beyond

Engility Holdings, Inc. (EGL) and Dynamics Research Corporation (“DRC” - NASDAQ:DRCO), today announced that they have entered into a definitive agreement under which Engility will acquire DRC. DRC is a U.S. government services, information technology and management consulting firm with leading capabilities in Healthcare, Homeland Security, Research & Development, Intelligence, Surveillance & Reconnaissance (ISR), Financial Regulation & Reform, and Defense Readiness, Logistics and Command, Control & Communications (C3).

Under the terms of the agreement, Engility will commence a tender offer for all outstanding shares of DRC common stock at a price of $11.50 in cash for each outstanding share. The transaction, which was unanimously approved by the boards of directors of both companies, is expected to be accretive to Engility’s 2014 earnings and significantly accretive to 2015 earnings and beyond. The acquisition is anticipated to close during the first quarter of 2014, subject to customary closing conditions and regulatory approval.

InterCloud Announces Agreement to Acquire Integration Partners-NY Corp. and $11,625,000 Convertible Debenture Financing

InterCloud Systems, Inc. (ICLD) (the "Company" or "InterCloud"), a single-source provider of end-to end IT and telecom solutions to the service provider and corporate enterprise markets through cloud platforms and professional services, announced today the execution of a definitive agreement to acquire Integration Partners-NY Corporation ("IPC-NY"). IPC-NY serves both corporate enterprises and services providers, and is expected to support the Company's cloud and managed services capabilities. IPC-NY has enterprise and service provider customers and will help distribute the Company's cloud platform to its new and existing customers. IPC-NY is expected to have 2013 gross revenues of approximately $25 million and 2013 net income of approximately $3.5 million. The Company expects to close the acquisition of IPC-NY no later than December 31, 2013.