StableX Technologies, Inc. — Major Shareholding Notification 2011

Feb 9, 2011

SC 13G/A 1 y89592sc13gza.htm SC 13G/A sc13gza PAGEBREAK

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) (Amendment No. 1 )*

WPCS International Incorporated

(Name of Issuer)

Common Stock

(Title of Class of Securities)

92931L203

(CUSIP Number)

December 31, 2010

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o Rule 13d-1(b)

þ Rule 13d-1(c)

o Rule 13d-1(d)

• The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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CUSIP No. 92931L203 13G Page 2 of 5 Pages

1	NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Karen Singer
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
	(a) o
	(b) o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	United States
	5	SOLE VOTING POWER
NUMBER OF		500,973
SHARES	6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY		0
EACH	7	SOLE DISPOSITIVE POWER
REPORTING
PERSON		500,973
WITH	8	SHARED DISPOSITIVE POWER
		0
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	500,973
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	7.2%
12	TYPE OF REPORTING PERSON
	IN

*SEE INSTRUCTIONS BEFORE FILLING OUT!

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Page 3 of 5 Pages

Item 1(a).	Name of Issuer:	WPCS International Incorporated
Item 1(b).	Address of Issuers’s Principal Executive Offices:	One East Uwchlan Avenue, Suite 301 Exton, PA 19341
Item 2(a).	Name of Person Filing:	Karen Singer
Item 2(b).	Address of Principal Business Office or, if None, Residence:	212 Vaccaro Drive Cresskill, NJ 07626
Item 2(c).	Citizenship:	United States
Item 2(d).	Title of Class of Securities:	Common Stock
Item 2(e).	CUSIP Number:	92931L203
Item 3.	IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b) OR 13d-2(b) or (c), CHECK WHETHER THE PERSON FILING IS A:
	Not Applicable, this statement is filed pursuant to 13d-1(c)
Item 4.	OWNERSHIP: The reporting person has sole dispositive and voting power with respect to
500,973 shares of the reported securities as the trustee of Singer Children’s Management Trust.
	(a) 500,973
	(b) 7.2%
	(c) (i) sole voting power: 500,973
	(ii) shared voting power: 0
	(iii) sole dispositive power: 500,973
	(iv) shared dispositive power: 0
Item 5.	OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
	Not Applicable.
Item 6.	OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
	Not Applicable.
Item 7.	IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY
WHICH ACQUIRED THE SECURITY BEING
REPORTED ON BY THE PARENT HOLDING COMPANY:
	Not Applicable.
Item 8.	IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
	Not Applicable.

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Page 4 of 5 Pages

Item 9.	NOTICE OF DISSOLUTION OF GROUP:
	Not Applicable.
Item 10.	CERTIFICATION:
	By signing below I certify that, to the best of my knowledge and belief, the securities
referred to above were not acquired and are not held for the purpose of or with the
effect of changing or influencing the control of the issuer of the securities and were
not acquired and are not held in connection with or as a participant in any transaction
having that purpose or effect.

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Page 5 of 5 Pages

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 9, 2011
Karen Singer

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