Weyland Tech Announces Update Regarding Spin-Off of Weyland AtoZ Pay
GlobeNewswire•September 20, 2018
New York, Sept. 20, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Weyland Tech Inc. (WEYL) (“Weyland” or the “Company”) announced today that it has changed the distribution date for the spin-off of its Weyland AtoZ Pay subsidiary (“WAI”) from October 5, 2018 to November 15, 2018 and has also filed with FINRA the required notice regarding the spin-off. The record date of September 28, 2018 for the spin-off remains unchanged.
The spin-off provides for a pro-rata distribution to the Company’s shareholders of 90% of the outstanding shares of WAI, which, in turn, holds a 49% equity ownership interest in PT Weyland Indonesia Perkasa, a limited liability company organized under the laws of the Republic of Indonesia (“WIP”). WIP’s primary business operations includes a digital financial transactions app serving the rapidly growing Indonesia e-commerce and e-payment markets (“eWallet”).
The Company’s shareholders of record as of the close of trading on September 28, 2018, the record date for the spin-off, will receive one share of common stock of WAI for every five shares of the Company’s common stock held as of the record date. Fractional shares of WAI common stock will not be issued in the distribution. The Spin-Off is expected to be effective as of the end of the day on November 15, 2018, the new distribution date for the spin-off.
As the Spin-Off will be processed outside of DTCC, the Company will be providing instructions to DTC participants, prior to the record date, regarding the procedures for receiving the distribution for their beneficial owners. Questions from DTC participants or shareholders regarding the spin-off can be directed to spin-off@weyland-tech.com.
Further details regarding WAI and WIP (and its Indonesia eWallet business) will be provided in a Current Report on Form 8-K, which will be filed on the SEC’s EDGAR reporting system prior to the distribution date for the spin-off.
GlobeNewswire•September 20, 2018
New York, Sept. 20, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Weyland Tech Inc. (WEYL) (“Weyland” or the “Company”) announced today that it has changed the distribution date for the spin-off of its Weyland AtoZ Pay subsidiary (“WAI”) from October 5, 2018 to November 15, 2018 and has also filed with FINRA the required notice regarding the spin-off. The record date of September 28, 2018 for the spin-off remains unchanged.
The spin-off provides for a pro-rata distribution to the Company’s shareholders of 90% of the outstanding shares of WAI, which, in turn, holds a 49% equity ownership interest in PT Weyland Indonesia Perkasa, a limited liability company organized under the laws of the Republic of Indonesia (“WIP”). WIP’s primary business operations includes a digital financial transactions app serving the rapidly growing Indonesia e-commerce and e-payment markets (“eWallet”).
The Company’s shareholders of record as of the close of trading on September 28, 2018, the record date for the spin-off, will receive one share of common stock of WAI for every five shares of the Company’s common stock held as of the record date. Fractional shares of WAI common stock will not be issued in the distribution. The Spin-Off is expected to be effective as of the end of the day on November 15, 2018, the new distribution date for the spin-off.
As the Spin-Off will be processed outside of DTCC, the Company will be providing instructions to DTC participants, prior to the record date, regarding the procedures for receiving the distribution for their beneficial owners. Questions from DTC participants or shareholders regarding the spin-off can be directed to spin-off@weyland-tech.com.
Further details regarding WAI and WIP (and its Indonesia eWallet business) will be provided in a Current Report on Form 8-K, which will be filed on the SEC’s EDGAR reporting system prior to the distribution date for the spin-off.
Weyland Tech Announces Further Update Regarding Spin-Off of Weyland AtoZ Pay -Instructions for DTC Participants
GlobeNewswire•September 24, 2018 NEW YORK, NY, Sept. 24, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Weyland Tech Inc. (WEYL) (“Weyland” or the “Company”) announced today that it has made available, to its transfer agent, DTCC and DTC Participants with positions in WEYL, instructions for receiving the spin-off shares of its Weyland AtoZ Pay subsidiary (“WAI”), which holds a 49% equity ownership interest in PT Weyland Indonesia Perkasa, a limited liability company organized under the laws of the Republic of Indonesia (“WIP”). WIP’s primary business operations includes a digital financial transactions app serving the rapidly growing Indonesia e-commerce and e-payment markets (“eWallet”).The Company’s shareholders of record as of the close of trading on September 28, 2018, the record date for the spin-off, will receive a pro-rata distribution of one (1) share of common stock of WAI for each five (5) shares of the Company’s common stock held as of the record date. Fractional shares of WAI common stock will not be issued in the distribution. The spin-off is expected to be effective as of the end of the day on November 15, 2018, the new distribution date for the spin-off.
As the spin-off will be processed outside of DTCC, the Company’s “Spin-Off Processing Instructions for DTC Participants” provide DTC Participants with instructions for receiving the distribution for their beneficial owners. The instructions provide, in part, that:
• In order to obtain the spin-off shares for their clients, each DTC Participant must submit to the Company, no later than October 15, 2015, a beneficial owner list, as of the record date.
• The spin-off shares will be issued by the Company’s transfer agent in certificate form.
• Certificates for each non-objecting beneficial owner (“NOBO”) will be issued in the name of the NOBO and mailed directly to the NOBO at their account address provided in the beneficial owner list.
• Certificates for each objecting beneficial owner (“OBO”) will be issued in the name of the DTC Participant, for the benefit of the OBO, and mailed directly to the DTC Participant, in accordance with the OBO delivery instructions contained in the DTC Participant’s Beneficial Owner List Transmittal, for further processing in accordance with their OBOs’ instructions.
• With respect to WEYL shares held in retirement accounts, the Company will issue certificates for the spin-off shares in the name of the respective DTC Participant, as custodian for, and for the benefit of, the particular retirement account (e.g., Participant Name, Custodian FBO John Smith Roth IRA), and such shares will be mailed directly to the DTC Participant, in accordance with the retirement account delivery instructions contained in the DTC Participant’s Beneficial Owner List Transmittal.
If you are a registered shareholder of the Company and hold your shares in WEYL, as of the record date, in certificate or book-entry form through the transfer agent you need not do anything to receive your spin-off shares, as the transfer agent will automatically issue your spin-off shares directly to your account and deliver the certificate to your address of record with the transfer agent.
DTC Participants should refer to the full instructions for complete details regarding their spin-off processing procedures. Inquiries from DTC Participants or shareholders regarding the spin-off can be directed as follows:
Email: spin-off@weyland-tech.com
Tel: 347.566.4334
Further details regarding WAI and WIP (and its Indonesia eWallet business) will be provided in a Current Report on Form 8-K, which will be filed on the SEC’s EDGAR reporting system prior to the distribution date for the spin-off.
GlobeNewswire•September 24, 2018 NEW YORK, NY, Sept. 24, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Weyland Tech Inc. (WEYL) (“Weyland” or the “Company”) announced today that it has made available, to its transfer agent, DTCC and DTC Participants with positions in WEYL, instructions for receiving the spin-off shares of its Weyland AtoZ Pay subsidiary (“WAI”), which holds a 49% equity ownership interest in PT Weyland Indonesia Perkasa, a limited liability company organized under the laws of the Republic of Indonesia (“WIP”). WIP’s primary business operations includes a digital financial transactions app serving the rapidly growing Indonesia e-commerce and e-payment markets (“eWallet”).The Company’s shareholders of record as of the close of trading on September 28, 2018, the record date for the spin-off, will receive a pro-rata distribution of one (1) share of common stock of WAI for each five (5) shares of the Company’s common stock held as of the record date. Fractional shares of WAI common stock will not be issued in the distribution. The spin-off is expected to be effective as of the end of the day on November 15, 2018, the new distribution date for the spin-off.
As the spin-off will be processed outside of DTCC, the Company’s “Spin-Off Processing Instructions for DTC Participants” provide DTC Participants with instructions for receiving the distribution for their beneficial owners. The instructions provide, in part, that:
• In order to obtain the spin-off shares for their clients, each DTC Participant must submit to the Company, no later than October 15, 2015, a beneficial owner list, as of the record date.
• The spin-off shares will be issued by the Company’s transfer agent in certificate form.
• Certificates for each non-objecting beneficial owner (“NOBO”) will be issued in the name of the NOBO and mailed directly to the NOBO at their account address provided in the beneficial owner list.
• Certificates for each objecting beneficial owner (“OBO”) will be issued in the name of the DTC Participant, for the benefit of the OBO, and mailed directly to the DTC Participant, in accordance with the OBO delivery instructions contained in the DTC Participant’s Beneficial Owner List Transmittal, for further processing in accordance with their OBOs’ instructions.
• With respect to WEYL shares held in retirement accounts, the Company will issue certificates for the spin-off shares in the name of the respective DTC Participant, as custodian for, and for the benefit of, the particular retirement account (e.g., Participant Name, Custodian FBO John Smith Roth IRA), and such shares will be mailed directly to the DTC Participant, in accordance with the retirement account delivery instructions contained in the DTC Participant’s Beneficial Owner List Transmittal.
If you are a registered shareholder of the Company and hold your shares in WEYL, as of the record date, in certificate or book-entry form through the transfer agent you need not do anything to receive your spin-off shares, as the transfer agent will automatically issue your spin-off shares directly to your account and deliver the certificate to your address of record with the transfer agent.
DTC Participants should refer to the full instructions for complete details regarding their spin-off processing procedures. Inquiries from DTC Participants or shareholders regarding the spin-off can be directed as follows:
Email: spin-off@weyland-tech.com
Tel: 347.566.4334
Further details regarding WAI and WIP (and its Indonesia eWallet business) will be provided in a Current Report on Form 8-K, which will be filed on the SEC’s EDGAR reporting system prior to the distribution date for the spin-off.
[h=1]$WEYL Weyland Tech Exposes Achilles Heel of Unenforced Naked Short Positions[/h][FONT="][FONT=FontAwesome !important][/FONT]September 24, 2018 [FONT=FontAwesome !important][/FONT]Dana Salzarulo [FONT=FontAwesome !important][/FONT]TECHNOLOGY STOCKS [FONT=FontAwesome !important][/FONT][/FONT]
http://psinvestor.com/weyl-weyland-tech-exposes-achilles-heel-of-unenforced-naked-short-positions/
http://psinvestor.com/weyl-weyland-tech-exposes-achilles-heel-of-unenforced-naked-short-positions/
Weyland Tech Announces Further Update Regarding Its Spin-Off and Processing Instructions for DTC Participants
GlobeNewswire•September 26, 2018New York, NY, Sept. 26, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Weyland Tech Inc. (WEYL) (“Weyland” or the “Company”) announced today a further update regarding the spin-off of its Weyland AtoZPay subsidiary (“WAI”), which holds a 49% equity ownership interest in PT Weyland Indonesia Perkasa, a limited liability company organized under the laws of the Republic of Indonesia (“WIP”). WIP’s primary business operations include a digital financial transactions app serving the rapidly growing Indonesia e-commerce and e-payment markets (“eWallet”).The Company’s shareholders of record as of the close of trading on September 28, 2018, the record date for the spin-off, will receive a pro-rata distribution of one (1) share of common stock of WAI for each five (5) shares of the Company’s common stock held as of the record date. Fractional shares of WAI common stock will not be issued in the distribution. The spin-off is expected to be effective as of the end of the day on November 15, 2018, the new distribution date for the spin-off.
After its last press release, the Company has received a number of inquiries from shareholders, questioning the status of the Company’s spin-off processing instructions to the DTC Participants (“Spin-Off Processing Instructions”). As mentioned in the Company’s last press release, the Spin-Off Processing Instructions have been made available to the Company’s transfer agent and DTCC, and the transfer agent is currently working with DTCC to ensure a full understanding of the Spin-Off Processing Instructions, so those requirements can be fully communicated to all relevant DTC Participants.
As the spin-off shares are not DTCC eligible and the spin-off is being processed outside of DTCC, the Spin-Off Processing Instructions provide DTC Participants with instructions for receiving the distribution for their beneficial owners directly from the Company. The instructions provide, in part, that:
DTC Participants should refer to the full Spin-Off Processing Instructions for complete details regarding the spin-off processing procedures. Inquiries from DTC Participants or shareholders regarding the spin-off can be directed as follows:
Email: spin-off@weyland-tech.com
Tel: 347.566.4334
If any DTC Participants have not yet received the Spin-Off Processing Instructions they can also request a copy directly from the Company, by email to the above email address, while they are awaiting formal notice of the spin-off from DTCC.
Further details regarding WAI and WIP (and its Indonesia eWallet business) will be provided in a Current Report on Form 8-K, which will be filed on the SEC’s EDGAR reporting system prior to the distribution date for the spin-off.
About Weyland Tech Inc.
Weyland Tech is a global provider of mobile business applications. Its CreateApp platform offers a mobile presence to businesses in emerging markets, with partnerships on 3 continents and growing. This DIY mobile application platform, offered in 14 languages with over 35 integrated modules, enables small and medium sized businesses (“SMB’s”) to create native mobile applications (“apps”) for Apple’s iOS and Google Android without technical knowledge or background, empowering SMB’s to increase sales, reach more customers and promote their products and services in an easy, affordable and efficient manner.
In May 2018, the Company expanded its portfolio to fintech applications with the launch of its AtozPay mobile payments platform. The mobile wallet launched in the worlds 4th most populous country, Indonesia, and is already experiencing rapid growth in transactions taking place on the platform.
Follow Weyland Tech online at:
Weyland Tech Facebook Page (https://www.facebook.com/weylandtech)
Weyland Tech Twitter Feed (https://twitter.com/weylandtechinc)
Weyland Tech LinkedIn Page (https://linkedin.com/company/weylandtech)
Brent Suen, CEO Public Facebook Page (https://www.facebook.com/BrentSuenWEYL)
Brent Suen, CEO Public Twitter Feed (https://www.twitter.com/BrentSuenWEYL)
GlobeNewswire•September 26, 2018New York, NY, Sept. 26, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Weyland Tech Inc. (WEYL) (“Weyland” or the “Company”) announced today a further update regarding the spin-off of its Weyland AtoZPay subsidiary (“WAI”), which holds a 49% equity ownership interest in PT Weyland Indonesia Perkasa, a limited liability company organized under the laws of the Republic of Indonesia (“WIP”). WIP’s primary business operations include a digital financial transactions app serving the rapidly growing Indonesia e-commerce and e-payment markets (“eWallet”).The Company’s shareholders of record as of the close of trading on September 28, 2018, the record date for the spin-off, will receive a pro-rata distribution of one (1) share of common stock of WAI for each five (5) shares of the Company’s common stock held as of the record date. Fractional shares of WAI common stock will not be issued in the distribution. The spin-off is expected to be effective as of the end of the day on November 15, 2018, the new distribution date for the spin-off.
After its last press release, the Company has received a number of inquiries from shareholders, questioning the status of the Company’s spin-off processing instructions to the DTC Participants (“Spin-Off Processing Instructions”). As mentioned in the Company’s last press release, the Spin-Off Processing Instructions have been made available to the Company’s transfer agent and DTCC, and the transfer agent is currently working with DTCC to ensure a full understanding of the Spin-Off Processing Instructions, so those requirements can be fully communicated to all relevant DTC Participants.
As the spin-off shares are not DTCC eligible and the spin-off is being processed outside of DTCC, the Spin-Off Processing Instructions provide DTC Participants with instructions for receiving the distribution for their beneficial owners directly from the Company. The instructions provide, in part, that:
- In order to obtain the spin-off shares for their clients, each DTC Participant must submit to the Company, no later than October 15, 2015, a beneficial owner list, as of the record date.
- The spin-off shares will be issued by the Company’s transfer agent in physical certificate form.
- Certificates for each non-objecting beneficial owner (“NOBO”) will be issued in the name of the NOBO and mailed directly to the NOBO at their account address provided in the beneficial owner list.
- Certificates for each objecting beneficial owner (“OBO”) will be issued in the name of the DTC Participant, for the benefit of the OBO, and mailed directly to the DTC Participant, in accordance with the OBO delivery instructions contained in the DTC Participant’s Beneficial Owner List Transmittal, for further processing in accordance with their OBOs’ instructions.
- With respect to WEYL shares held in retirement accounts, the Company will issue certificates for the spin-off shares in the name of the respective DTC Participant, as custodian for, and for the benefit of, the particular retirement account (e.g., Participant Name, Custodian FBO John Smith Roth IRA), and such shares will be mailed directly to the DTC Participant, in accordance with the retirement account delivery instructions contained in the DTC Participant’s Beneficial Owner List Transmittal.
DTC Participants should refer to the full Spin-Off Processing Instructions for complete details regarding the spin-off processing procedures. Inquiries from DTC Participants or shareholders regarding the spin-off can be directed as follows:
Email: spin-off@weyland-tech.com
Tel: 347.566.4334
If any DTC Participants have not yet received the Spin-Off Processing Instructions they can also request a copy directly from the Company, by email to the above email address, while they are awaiting formal notice of the spin-off from DTCC.
Further details regarding WAI and WIP (and its Indonesia eWallet business) will be provided in a Current Report on Form 8-K, which will be filed on the SEC’s EDGAR reporting system prior to the distribution date for the spin-off.
About Weyland Tech Inc.
Weyland Tech is a global provider of mobile business applications. Its CreateApp platform offers a mobile presence to businesses in emerging markets, with partnerships on 3 continents and growing. This DIY mobile application platform, offered in 14 languages with over 35 integrated modules, enables small and medium sized businesses (“SMB’s”) to create native mobile applications (“apps”) for Apple’s iOS and Google Android without technical knowledge or background, empowering SMB’s to increase sales, reach more customers and promote their products and services in an easy, affordable and efficient manner.
In May 2018, the Company expanded its portfolio to fintech applications with the launch of its AtozPay mobile payments platform. The mobile wallet launched in the worlds 4th most populous country, Indonesia, and is already experiencing rapid growth in transactions taking place on the platform.
Follow Weyland Tech online at:
Weyland Tech Facebook Page (https://www.facebook.com/weylandtech)
Weyland Tech Twitter Feed (https://twitter.com/weylandtechinc)
Weyland Tech LinkedIn Page (https://linkedin.com/company/weylandtech)
Brent Suen, CEO Public Facebook Page (https://www.facebook.com/BrentSuenWEYL)
Brent Suen, CEO Public Twitter Feed (https://www.twitter.com/BrentSuenWEYL)
Record Date extended a week...trying to get this short out for good...https://www.weyland-tech.com/2018/0...ate-regarding-its-spin-off-to-october-5-2018/
When The Shorts Panic - Money Is Made
WEYLAND TECH INC -WEYL OTCQB
Weyland Tech Announces Further Update Regarding Status of Its Spin-Off of Weyland AtoZ Pay - Spin-Off Instructions Have Been Delivered to Banks/Brokers by DTC
Important Read Below
For TEXT ALERTS On This Company TEXT WEYL - Send To 522-36 or Complete This Form
WEYLAND TECH INC -WEYL OTCQB
Weyland Tech Announces Further Update Regarding Status of Its Spin-Off of Weyland AtoZ Pay - Spin-Off Instructions Have Been Delivered to Banks/Brokers by DTC
Important Read Below
For TEXT ALERTS On This Company TEXT WEYL - Send To 522-36 or Complete This Form
| Watch these shares closely - The shorts are trapped and the trap is about to be sprung .This company has announced a special dividend to be delivered in physical form with the record date of Oct 12 , 2018 - Wall Street Electronic Hackers will now be at the mercy of the company and its lawyers . The short squeeze is on . The dividend will not be in the present DTC electronic format but delivered directly by mail to shareholders home or office. Hackers - Manipulators will not be able to create fake positions covering up their short position . We are told by a well known trader that there could be a short position of between 2 million to 4 million shares taking 80-90 trading days to cover , if they could buy 100% of each days shares offered for sale ( Avg Daily Trading Vol 40,000 - 30 day ) . Watch these shares closely for signs of a buying panic - excessive volume - price spike among other signs of upside activity. 10 Day Chart - Live Weyland Tech Announces Further Update Regarding Status of Its Spin-Off of Weyland AtoZ Pay - Spin-Off Instructions Have Been Delivered to Banks/Brokers by DTC Press Release| 10/05/2018 Weyland Tech Announces Further Update Regarding Status of Its Spin-Off of Weyland AtoZ Pay - Spin-Off Instructions Have Been Delivered to Banks/Brokers by DTCPress Release| 10/05/2018 NEW YORK, Oct. 05, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Weyland Tech Inc. (OTCQX: WEYL) (“Weyland” or the “Company”) announced today that it has been informed by DTC that it has released to its participants, on its Corporate Action Web (CA Web) Data Service, an “Important Notice” with the details and processing instructions for the Company’s spin-off, which is being processed directly by the Company outside of DTC. With the issuance of this Important Notice by DTC, all DTC participants should now have received the Company’s instructions for processing the spin-off. If any banks/brokers have not yet received the Company’s spin-off processing instructions through the DTC Important Notice, they can also receive the spin-off processing instructions by making a request by email directly to the Company. The contact details for such requests, and any other inquiries from banks/brokers or shareholders regarding the spin-off, are as follows: Email: spin-off@weyland-tech.com Tel: 347.566.4334 As a reminder to banks/brokers and shareholders, the relevant dates for the spin-off are as follows: < > Record Date: October 12, 2018 Bank/Broker Deadline for Submission of Beneficial Owner Lists: October 26, 2018 Distribution Date: November 30, 2018https://www.facebook.com/weylandtech) Weyland Tech Twitter Feed (https://twitter.com/weylandtechinc) Weyland Tech LinkedIn Page (https://linkedin.com/company/weylandtech) Brent Suen, CEO Public Facebook Page (https://www.facebook.com/BrentSuenWEYL) Brent Suen, CEO Public Twitter Feed (https://www.twitter.com/BrentSuenWEYL) http://www.wallstreetresearcher.com/Short Sale Trader/WEYL.html |
Weyland Tech Announces Strategic Venture Partner TRITON FUNDS LLC, the Largest Student-Run Fund in the Nation, Partners with Weyland Tech in $2M Registered Offering
GlobeNewswire•October 10, 2018
New York, Oct. 10, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Weyland Tech, Inc. (“Weyland”) or ("The Company") today announces a $2 million investment from TRITON FUNDS LP, the La Jolla, CA-based investment fund entirely managed by students from the University of California, San Diego and California State University, Northridge. The funds will accelerate the development of the Company’s AtoZPay, eWallet, and core PaaS business, CreateApp.
TRITON FUNDS is the largest student-run fund in the United States and focuses on “millennial growth ESG” (Environmental, Social and Governance) investment themes.
Weyland CEO Brent Suen comments, “TRITON FUNDS, although a younger fund and managed exclusively by students, is a major validation of our initiatives in Southeast Asia. Younger demographics in the region have led to multi-billion-dollar valuations of ‘millennial-driven’ tech companies with strategic and financial backing from the likes of Google, Alibaba, Tencent, Sequoia Capital, KKR, Warburg Pincus, Softbank and sovereign fund Temasek. Sam Yaffa and his team impressed us with their deep understanding of thematic investing and appreciating that high returns can be gleaned by taking an investment approach based on observing how peers behave. Notable investments by TRITON include LimeBike https://www.li.me/ and AtYourGatehttp://atyourgate.com/. The major connectivity comes from TRITON’s immediate understanding of smartphone penetration, mobile commerce, and eWallets and realizing how emerging markets where we operate will benefit from the convergence of all three. We firmly believe that this investment from TRITON will enable us to scale at a much higher rate.”
“Weyland Tech presents a unique opportunity to accommodate the millennial generation in the emerging markets,” said Sam Yaffa, co-founder of TRITON FUNDS. “Weyland is not only a first mover in the eWallet industry but is penetrating the most technologically advanced and adaptive market in the world - Southeast Asia. TRITON FUNDS has the upmost confidence in Brent and the management team to execute the company’s expansion plans because of their vast experience in the region. In addition, the success of their DIY app creator platform, CreateApp, serves as a testament of the company’s ability to achieve its objectives.”
Dmitriy Slobodskiy, Research Analyst at TRITON FUNDS, adds, “Weyland Tech has created an accessible way for anyone to build their business through the CreateApp platform. The company was able to simplify a complex process of app-creating and as a result, we are excited to see the developments the company can implement in the eWallet industry.”
About TRITON FUNDS LLC
TRITON FUNDS LLC is a student-run fund-manager founded by undergraduates from the University of California, San Diego and California State University, Northridge. TRITON FUNDS provides students the invaluable opportunity to gain real-world experience investing alongside experienced financial professionals. We invest in high performing teams with revolutionary aspirations to grow their company into industry leaders. TRITON FUNDS creates an ecosystem that assists talented entrepreneurs in successfully growing their ideas and maintaining strong community ethical standards. We provide strategic capitalization, business development support, and engineered exits to organizations we believe have a viable future in the modern economy. More information can be found at http://www.tritonfunds.com.
About Weyland Tech Inc.
Weyland Tech is a global provider of mobile business applications. Its CreateApp platform offers a mobile presence to businesses in emerging markets, with partnerships on 3 continents and growing. This DIY mobile application platform, offered in 14 languages with over 35 integrated modules, enables small and medium sized businesses (“SMB’s”) to create native mobile applications (“apps”) for Apple’s iOS and Google Android without technical knowledge or background, empowering SMB’s to increase sales, reach more customers and promote their products and services in an easy, affordable and efficient manner.
In May 2018, the Company expanded its portfolio to fintech applications with the launch of its AtozPay mobile payments platform. The mobile wallet launched in the world’s 4th most populous country, Indonesia, and is already experiencing rapid growth in transactions taking place on the platform.
Follow Weyland Tech online at:
Weyland Tech Facebook Page (https://www.facebook.com/weylandtech)
Weyland Tech Twitter Feed (https://twitter.com/weylandtechinc)
Weyland Tech LinkedIn Page (https://linkedin.com/company/weylandtech)
Brent Suen, CEO Public Facebook Page (https://www.facebook.com/BrentSuenWEYL)
Brent Suen, CEO Public Twitter Feed (https://www.twitter.com/BrentSuenWEYL)
GlobeNewswire•October 10, 2018
New York, Oct. 10, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Weyland Tech, Inc. (“Weyland”) or ("The Company") today announces a $2 million investment from TRITON FUNDS LP, the La Jolla, CA-based investment fund entirely managed by students from the University of California, San Diego and California State University, Northridge. The funds will accelerate the development of the Company’s AtoZPay, eWallet, and core PaaS business, CreateApp.
TRITON FUNDS is the largest student-run fund in the United States and focuses on “millennial growth ESG” (Environmental, Social and Governance) investment themes.
Weyland CEO Brent Suen comments, “TRITON FUNDS, although a younger fund and managed exclusively by students, is a major validation of our initiatives in Southeast Asia. Younger demographics in the region have led to multi-billion-dollar valuations of ‘millennial-driven’ tech companies with strategic and financial backing from the likes of Google, Alibaba, Tencent, Sequoia Capital, KKR, Warburg Pincus, Softbank and sovereign fund Temasek. Sam Yaffa and his team impressed us with their deep understanding of thematic investing and appreciating that high returns can be gleaned by taking an investment approach based on observing how peers behave. Notable investments by TRITON include LimeBike https://www.li.me/ and AtYourGatehttp://atyourgate.com/. The major connectivity comes from TRITON’s immediate understanding of smartphone penetration, mobile commerce, and eWallets and realizing how emerging markets where we operate will benefit from the convergence of all three. We firmly believe that this investment from TRITON will enable us to scale at a much higher rate.”
“Weyland Tech presents a unique opportunity to accommodate the millennial generation in the emerging markets,” said Sam Yaffa, co-founder of TRITON FUNDS. “Weyland is not only a first mover in the eWallet industry but is penetrating the most technologically advanced and adaptive market in the world - Southeast Asia. TRITON FUNDS has the upmost confidence in Brent and the management team to execute the company’s expansion plans because of their vast experience in the region. In addition, the success of their DIY app creator platform, CreateApp, serves as a testament of the company’s ability to achieve its objectives.”
Dmitriy Slobodskiy, Research Analyst at TRITON FUNDS, adds, “Weyland Tech has created an accessible way for anyone to build their business through the CreateApp platform. The company was able to simplify a complex process of app-creating and as a result, we are excited to see the developments the company can implement in the eWallet industry.”
About TRITON FUNDS LLC
TRITON FUNDS LLC is a student-run fund-manager founded by undergraduates from the University of California, San Diego and California State University, Northridge. TRITON FUNDS provides students the invaluable opportunity to gain real-world experience investing alongside experienced financial professionals. We invest in high performing teams with revolutionary aspirations to grow their company into industry leaders. TRITON FUNDS creates an ecosystem that assists talented entrepreneurs in successfully growing their ideas and maintaining strong community ethical standards. We provide strategic capitalization, business development support, and engineered exits to organizations we believe have a viable future in the modern economy. More information can be found at http://www.tritonfunds.com.
About Weyland Tech Inc.
Weyland Tech is a global provider of mobile business applications. Its CreateApp platform offers a mobile presence to businesses in emerging markets, with partnerships on 3 continents and growing. This DIY mobile application platform, offered in 14 languages with over 35 integrated modules, enables small and medium sized businesses (“SMB’s”) to create native mobile applications (“apps”) for Apple’s iOS and Google Android without technical knowledge or background, empowering SMB’s to increase sales, reach more customers and promote their products and services in an easy, affordable and efficient manner.
In May 2018, the Company expanded its portfolio to fintech applications with the launch of its AtozPay mobile payments platform. The mobile wallet launched in the world’s 4th most populous country, Indonesia, and is already experiencing rapid growth in transactions taking place on the platform.
Follow Weyland Tech online at:
Weyland Tech Facebook Page (https://www.facebook.com/weylandtech)
Weyland Tech Twitter Feed (https://twitter.com/weylandtechinc)
Weyland Tech LinkedIn Page (https://linkedin.com/company/weylandtech)
Brent Suen, CEO Public Facebook Page (https://www.facebook.com/BrentSuenWEYL)
Brent Suen, CEO Public Twitter Feed (https://www.twitter.com/BrentSuenWEYL)
Weyland Tech, Inc. Engages American Capital Ventures for Investor Relations Services
GlobeNewswire•October 16, 2018 New York, Oct. 16, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Weyland Tech, Inc., a global provider of mobile business applications, today announced that the company has engaged American Capital Ventures, a boutique provider of comprehensive investor relations services to micro- and small-cap companies.Brent Suen, CEO of Weyland Tech Inc., commented, “As our company grows and our shareholder base expands we felt it was the right time to engage a professional Investor Relations firm to assist us in communicating with the investment community. Therefore, we are very pleased to announce the engagement of American Capital Ventures to assist us in this process.”
Howard Gostfrand, President of American Capital Ventures, commented, “We are equally as pleased to be working with the Weyland Tech team on their investor relations initiatives. It is our belief that they are ideally positioned to grow their business and we look forward to educating investors about their value proposition.
In light of this announcement and to better focus on corporate development opportunities and the development of AtoZpay, John MacNeil will no longer be involved with investor relations activities.
As a result, any and all investor related calls should be directed to Howard Gostfrand at +1 305-918-7000 and for inquiries related to the dividend spin-off call +1 347-566-4334.
About Weyland Tech Inc.
Weyland Tech is a global provider of mobile business applications. Its CreateApp platform offers a mobile presence to businesses in emerging markets, with partnerships on 3 continents and growing. This DIY mobile application platform, offered in 14 languages with over 35 integrated modules, enables small and medium sized businesses ("SMB's") to create native mobile applications ("apps") for Apple's iOS and Google Android without technical knowledge or background, empowering SMB's to increase sales, reach more customers and promote their products and services in an easy, affordable and efficient manner.
In May 2018, the Company expanded its portfolio to fintech applications with the launch of its AtozPay mobile payments platform. The mobile wallet launched in the worlds 4th most populous country, Indonesia, and is already experiencing rapid growth in transactions taking place on the platform.
Follow Weyland Tech online at:
Weyland Tech Facebook Page (https://www.facebook.com/weylandtech)
Weyland Tech Twitter Feed (https://twitter.com/weylandtechinc)
Weyland Tech LinkedIn Page (https://linkedin.com/company/weylandtech)
Brent Suen, CEO Public Facebook Page (https://www.facebook.com/BrentSuenWEYL)
GlobeNewswire•October 16, 2018 New York, Oct. 16, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Weyland Tech, Inc., a global provider of mobile business applications, today announced that the company has engaged American Capital Ventures, a boutique provider of comprehensive investor relations services to micro- and small-cap companies.Brent Suen, CEO of Weyland Tech Inc., commented, “As our company grows and our shareholder base expands we felt it was the right time to engage a professional Investor Relations firm to assist us in communicating with the investment community. Therefore, we are very pleased to announce the engagement of American Capital Ventures to assist us in this process.”
Howard Gostfrand, President of American Capital Ventures, commented, “We are equally as pleased to be working with the Weyland Tech team on their investor relations initiatives. It is our belief that they are ideally positioned to grow their business and we look forward to educating investors about their value proposition.
In light of this announcement and to better focus on corporate development opportunities and the development of AtoZpay, John MacNeil will no longer be involved with investor relations activities.
As a result, any and all investor related calls should be directed to Howard Gostfrand at +1 305-918-7000 and for inquiries related to the dividend spin-off call +1 347-566-4334.
About Weyland Tech Inc.
Weyland Tech is a global provider of mobile business applications. Its CreateApp platform offers a mobile presence to businesses in emerging markets, with partnerships on 3 continents and growing. This DIY mobile application platform, offered in 14 languages with over 35 integrated modules, enables small and medium sized businesses ("SMB's") to create native mobile applications ("apps") for Apple's iOS and Google Android without technical knowledge or background, empowering SMB's to increase sales, reach more customers and promote their products and services in an easy, affordable and efficient manner.
In May 2018, the Company expanded its portfolio to fintech applications with the launch of its AtozPay mobile payments platform. The mobile wallet launched in the worlds 4th most populous country, Indonesia, and is already experiencing rapid growth in transactions taking place on the platform.
Follow Weyland Tech online at:
Weyland Tech Facebook Page (https://www.facebook.com/weylandtech)
Weyland Tech Twitter Feed (https://twitter.com/weylandtechinc)
Weyland Tech LinkedIn Page (https://linkedin.com/company/weylandtech)
Brent Suen, CEO Public Facebook Page (https://www.facebook.com/BrentSuenWEYL)
SeeThruEquity Issues Update on Weyland Tech Inc.
OCTOBER 24, 2018
SeeThruEquity Issues Update on Weyland Tech Inc.
NEW YORK, NY / ACCESSWIRE / October 24, 2018 /SeeThruEquity, the leading independent equity research firm focused on smallcap and microcap public companies, today announced it has issued an update note on Weyland Tech Inc. (OTCQX: WEYL).
The report is available here:WEYL Update Note.
We are updating coverage of Weyland Tech Inc. (OTCQX: WEYL, ”Weyland”) following recent results and details related to the company’s spin-off of its AtozPay unit. Founded in 2014, Weyland offers of mobile commerce enablement applications for small businesses and consumers, primarily in the Greater Southeast Asia (GSEA) market. The company has two business units: 1) CreateApp, which is a subscription-based, platform-as-a-service (”PAAS”) business that provides mobile commerce solutions for small and medium sized merchants; and 2) AtozPay, which is a mobile wallet that enables consumers and small merchants to process and store payments with their mobile device using a digital account. Weyland CEO Brent Suen finalized the AtozPay distribution declaring a special dividend to shareholders of record as of October 12, 2018. In our view, AtozPay appears to have the potential to create substantial value if it receives market multiples for a pure mobile commerce business in the Indonesian market. We view Weyland as an intriguing special situation in the technology sector, with what appears to be a defensible valuation on its core CreateApp platform business and significant potential for upside if it can execute its plans for rapid growth in its emerging mobile wallet business.
Highlights from the note include:
Weyland announces results, details for AtozPay spin-off
We are updating our coverage on Weyland following recent results and additional details on the spin-off of its Indonesian mobile wallet business AtozPay.
Highlights were as follows:
We see Weyland as an intriguing special situation in the technology sector offering exposure to growth opportunities in both global mobile commerce and mobile payments in Indonesia.
Please review important disclosures in the report and atwww.seethruequity.com.
About Weyland Tech, Inc.
Weyland Tech is a global provider of mobile business applications. Its CreateApp platform offers a mobile presence to businesses in emerging markets, with partnerships on 3 continents and growing. This DIY mobile application platform, offered in 14 languages with over 35 integrated modules, enables small and medium sized businesses (“SMB’s”) to create native mobile applications (“apps”) for Apple’s iOS and Google Android without technical knowledge or background, empowering SMB’s to increase sales, reach more customers and promote their products and services in an easy, affordable and efficient manner.
In May 2018, the Company expanded its portfolio to fintech applications with the launch of its AtozPay mobile payments platform. The mobile wallet launched in the world’s 4th most populous country, Indonesia, and is already experiencing rapid growth in transactions taking place on the platform.
OCTOBER 24, 2018
SeeThruEquity Issues Update on Weyland Tech Inc.
NEW YORK, NY / ACCESSWIRE / October 24, 2018 /SeeThruEquity, the leading independent equity research firm focused on smallcap and microcap public companies, today announced it has issued an update note on Weyland Tech Inc. (OTCQX: WEYL).
The report is available here:WEYL Update Note.
We are updating coverage of Weyland Tech Inc. (OTCQX: WEYL, ”Weyland”) following recent results and details related to the company’s spin-off of its AtozPay unit. Founded in 2014, Weyland offers of mobile commerce enablement applications for small businesses and consumers, primarily in the Greater Southeast Asia (GSEA) market. The company has two business units: 1) CreateApp, which is a subscription-based, platform-as-a-service (”PAAS”) business that provides mobile commerce solutions for small and medium sized merchants; and 2) AtozPay, which is a mobile wallet that enables consumers and small merchants to process and store payments with their mobile device using a digital account. Weyland CEO Brent Suen finalized the AtozPay distribution declaring a special dividend to shareholders of record as of October 12, 2018. In our view, AtozPay appears to have the potential to create substantial value if it receives market multiples for a pure mobile commerce business in the Indonesian market. We view Weyland as an intriguing special situation in the technology sector, with what appears to be a defensible valuation on its core CreateApp platform business and significant potential for upside if it can execute its plans for rapid growth in its emerging mobile wallet business.
Highlights from the note include:
Weyland announces results, details for AtozPay spin-off
We are updating our coverage on Weyland following recent results and additional details on the spin-off of its Indonesian mobile wallet business AtozPay.
Highlights were as follows:
- First half revenues rise by 36.5% to $8.8mn. Weyland announced 2Q18 revenues of $4.7mn, which represented 28.8% annual growth from $3.6mn in 2Q17 as well as 12.8% sequential growth from $4.2mn 1Q18.
- 1H2018 revenues were $8.8mn, up 36.5% versus $6.5mn in the first half of 2017. Gross margins were 87.8% during the quarter and 87.7% for the first half of 2018.
- Weyland’s GAAP EPS came in at ($0.03) due to increased expenses related to start up and expansion of AtozPay, as well as professional and legal costs related to the upcoming spin-off.
- AtozPay growth continues, management reiterates outlook. Wyland’s AtozPay subsidiary continues to experience sharp growth in the adoption of its mobile solution. The AtozPay platform had annualized gross transaction volume of $8.6mn in September, with the final week annualized at $11mn after additional stock was added, according to management. This compares to a rate of $5mn during the first week of May. Management is targeting reaching annualized GTV of $100mn within 18 months of launch (end of 2019).
- AtozPay spin-off declared for shareholders of record as of October 12, 2018. Weyland announced that that the spin-off of its interest in AtozPay would take place in a dividend of private entity Weyland AtoZPay Inc. (WAI) to shareholders of record of October 12, 2018. The distribution date is expected to be November 30, 2018.
We see Weyland as an intriguing special situation in the technology sector offering exposure to growth opportunities in both global mobile commerce and mobile payments in Indonesia.
Please review important disclosures in the report and atwww.seethruequity.com.
About Weyland Tech, Inc.
Weyland Tech is a global provider of mobile business applications. Its CreateApp platform offers a mobile presence to businesses in emerging markets, with partnerships on 3 continents and growing. This DIY mobile application platform, offered in 14 languages with over 35 integrated modules, enables small and medium sized businesses (“SMB’s”) to create native mobile applications (“apps”) for Apple’s iOS and Google Android without technical knowledge or background, empowering SMB’s to increase sales, reach more customers and promote their products and services in an easy, affordable and efficient manner.
In May 2018, the Company expanded its portfolio to fintech applications with the launch of its AtozPay mobile payments platform. The mobile wallet launched in the world’s 4th most populous country, Indonesia, and is already experiencing rapid growth in transactions taking place on the platform.
When The Shorts Panic - Money Is MadeWEYLAND TECH INC -WEYL OTCQBWeyland Tech Announces Further Update Regarding Status of Its Spin-Off of Weyland AtoZ Pay - Spin-Off Instructions Have Been Delivered to Banks/Brokers by DTCImportant Info Attached - Read Below - Updated Oct 28, 2018 -$2.20 Breakout - Target $5.20For TEXT ALERTS On This Company TEXT WEYL - Send To 522-36 or Complete This Form
| Large clearing brokerages demand shorts cover NOW ! Watch these shares closely - The shorts are trapped and the trap is about to be sprung .This company has announced a special dividend to be delivered in physical form with the record date of Oct 12 , 2018 - Wall Street Electronic Hackers will now be at the mercy of the company and its lawyers . The short squeeze is on . The dividend will not be in the present DTC electronic format but delivered directly by mail to shareholders home or office. Hackers - Manipulators will not be able to create fake positions covering up their short position . We are told by a well known trader that there could be a short position of between 2 million to 4 million shares taking 80-90 trading days to cover , if they could buy 100% of each days traded shares offered for sale ( Avg Daily Trading Vol 40,000 - 30 day ) . Watch these shares closely for signs of a buying panic - excessive volume - price spike among other signs of significant upside activity. Target $5.20 See ThruEquity Research Report 10 Day Chart - Live Weyland Tech Provides Update Regarding Its Spin-Off of Weyland AtoZ Pay Deadline for Submitting Beneficial Owner Lists Extended to November 2nd; Further Clarifications Provided New York -
The Company also continues to receive certain repetitive questions from DTC Participants regarding aspects of the spin-off procedure. While some of these questions are already addressed in the Spin-Off Processing Instructions, the Company nevertheless thought it would be helpful to participants if we provided a short Q & A segment in an attempt to put some of these questions to rest. What is the threshold for rounding-up a shareholder’s entitlement to the spin-off shares? The beneficial owner round-up threshold will be .5 and above.The spin-off entitlement calculation is made by dividing a shareholder’s position in WEYL by 5. If that calculation results in a decimal/remainder that is .5 or above, the spin-off entitlement will be rounded up. If the decimal/remainder is less than .5, the spin-off entitlement will be rounded down. The table below provides an example of this rounding procedure in the event the spin-off entitlement calculation results in a fractional share:
No. All participants must submit their beneficial owner lists in accordance with Spin-Off Processing Instructions and the certificates for spin-off shares will be issued as specified in the instructions. Can a DTC Participant receive one certificate, in its name, on behalf of all of its objecting beneficial owners (OBOs)? No. Participants must list each OBO position on its beneficial owner list (i.e., OBO #1 – 5,000 shares, OBO #2 – 2,500 shares, etc.) and separate certificates will be issued in the participant’s name for each OBO position and delivered to the participant. Can certificates for spin-off shares issued in the name of a non-objecting beneficial owner (NOBO) be delivered directly to the NOBO’s bank/broker if such delivery is requested by the NOBO? Yes, as long as the NOBO has made a request to their bank/broker that the certificate for their spin-off shares be delivered to their bank/broker in lieu of their account address. What happens if a DTC Participant elects not submit their beneficial owner list. Their clients will be unable to receive their entitlement to the spin-off shares. Does the Bank/Broker Beneficial Owner List Transmittal Form require a medallion stamp? No. As a reminder to shareholders and banks/brokers, the updated relevant dates for the spin-off are as follows: Record Date: October 12, 2018 Bank/Broker Deadline for Submission of Beneficial Owner Lists: November 2, 2018 Distribution Date:November 30, 2018 If any banks/brokers have not yet received the Company’s spin-off processing instructions through the DTC Important Notice # (9903-18) posted through CA WEB, they can also receive the spin-off processing instructions by making a request by email directly to the Company. The contact details for such requests, and any other inquiries from banks/brokers or shareholders regarding the spin-off, are as follows: Email: spin-off@weyland-tech.com Tel: 347.566.4334 As a reminder to shareholders, the Company has made available in the “Investor” section of its website a “Shareholder Transmittal Letter” which will provide shareholders the opportunity to independently document their position in WEYL common stock, as of the spin-off record date, while the Company awaits receipt of the required beneficial owner lists from the banks/brokers. The Company urges all shareholders who hold their shares of WEYL in “Street Name” (i.e., through accounts at banks/brokers) to download the Shareholder Transmittal Letter, complete the requested information, and return the completed and signed letter directly to the Company by email to spin-off@weyland-tech.com. Please do not mailyour completed Shareholder Transmittal Letter to the Company. If you are a registered shareholder who holds shares in certificate or book entry form directly from the Company, you need notcomplete the Shareholder Transmittal Letter. About Weyland Tech Inc. Weyland Tech is a global provider of mobile business applications. Its CreateApp platform offers a mobile presence to businesses in emerging markets, with partnerships on 3 continents and growing. This DIY mobile application platform, offered in 14 languages with over 35 integrated modules, enables small and medium sized businesses (“SMB’s”) to create native mobile applications (“apps”) for Apple’s iOS and Google Android without technical knowledge or background, empowering SMB’s to increase sales, reach more customers and promote their products and services in an easy, affordable and efficient manner. In May 2018, the Company expanded its portfolio to fintech applications with the launch of its AtozPay mobile payments platform. The mobile wallet launched in the worlds 4th most populous country, Indonesia, and is already experiencing rapid growth in transactions taking place on the platform. Follow Weyland Tech online at: Weyland Tech Facebook Page (https://www.facebook.com/weylandtech) Weyland Tech Twitter Feed (https://twitter.com/weylandtechinc) Weyland Tech LinkedIn Page (https://linkedin.com/company/weylandtech) Brent Suen, CEO Public Facebook Page (https://www.facebook.com/BrentSuenWEYL) Brent Suen, CEO Public Twitter Feed (https://www.twitter.com/BrentSuenWEYL) |
