When we popped to 73 cents I had heard some major news was coming regrading an acquisition they are working on . Pretty surprised we pulled back so dramatically, and no news yet . Im showing earnings due to be reported on 5/15 , so hopefully they get something out between now and then . I will do some digging over the weekend, stay tuned .
Me too
| DAMS Consulting (@DAMSConsulting) |
| 4/22/19, 1:51 PM $WEYL hearing news next week, new symbol new cusip and money in bank GOOD luck lets see if its true |
Weyland Tech Inc. Announces Conference Call to Provide Updates and Highlights of 2018 10-K
GlobeNewswire•April 24, 2019
GlobeNewswire•April 24, 2019
New York, April 24, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Weyland Tech Inc. (WEYL) (“Weyland” or the “Company”), announced today that it will host a conference call to discuss the recently announced 2018 year-end results, give a general overview of the business and provide recent updates on strategic and corporate initiatives, as well as an update on its eWallet business.
Weyland will host the call at 12:00 pm. Eastern Time on Tuesday, April 30, 2019. To participate investors may dial-in on 1 (701) 801-1211 and enter the access code: 873-908-258.
The conference call will also be made available for replay at 1 (701) 801-1218 with the access code: 873-908-258.
About Weyland Tech Inc.
Weyland Tech is a global provider of mobile business applications. The Company operates a Platform-as-a-Service (“PaaS”) software used on mobile ‘smartphones’. The PaaS platform offers a mobile presence to Small-to-Medium-Sized-Businesses (“SMB’s”) in emerging markets, with partnerships on three continents, and growing. The PaaS platform, offered in 14 languages with over 70 integrated modules, enables 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.
For further information contact:
Howard Gostfrand
American Capital Ventures, Inc.
President
Office: 305-918-7000
Email: hg@amcapventures.com
www.amcapventures.com
Weyland will host the call at 12:00 pm. Eastern Time on Tuesday, April 30, 2019. To participate investors may dial-in on 1 (701) 801-1211 and enter the access code: 873-908-258.
The conference call will also be made available for replay at 1 (701) 801-1218 with the access code: 873-908-258.
About Weyland Tech Inc.
Weyland Tech is a global provider of mobile business applications. The Company operates a Platform-as-a-Service (“PaaS”) software used on mobile ‘smartphones’. The PaaS platform offers a mobile presence to Small-to-Medium-Sized-Businesses (“SMB’s”) in emerging markets, with partnerships on three continents, and growing. The PaaS platform, offered in 14 languages with over 70 integrated modules, enables 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.
For further information contact:
Howard Gostfrand
American Capital Ventures, Inc.
President
Office: 305-918-7000
Email: hg@amcapventures.com
www.amcapventures.com
Weyland Tech Inc. Begins Pilot Program With Leading Telecom Provider for Indonesian Rollout of Its Platform as a Service Product
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June 13, 2019 10:58 ET | Source: Weyland Tech, Inc.
New York, NY, June 13, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Weyland Tech Inc. (OTCQX: WEYL) (“Weyland” or the “Company”), a global provider of mobile business applications, announced today that a pilot program for the rollout of its CreateApp Platform as a Service (“PaaS”) is underway in Indonesia.
The Company is initiating the pilot program to gauge market interest and determine the best business model to reach the major telco partner’s 6 million micro-small business customers. Matthew Brent, Head of Corporate Development and Product Strategy, said, “The feedback we’ve received from preliminary focus groups has indicated strong interest in the capability of our platform’s marketing and advertising tools to generate revenue among the micro-small business community, which also has the potential to create new opportunities for us to cross-sell to affinity groups and through the AtoZPay retail network.”
Over the next few months, the Company intends to apply the results of the pilot program to a full commercial launch of CreateApp in Indonesia, working closely with the major telco to ramp up customer and sales support in order to provide adequate coverage should the rollout scale up as envisioned.
Further details will be released as progress is made.
About Weyland:
Weyland is a global provider of mobile business applications. The Company operates a Platform-as-a-Service (“PaaS”) software used on mobile ‘smartphones’. The PaaS platform offers a mobile presence to Small-to-Medium-Sized-Businesses (“SMB’s”) in emerging markets, with partnerships on 3 continents and growing. The PaaS platform, offered in 14 languages with over 70 integrated modules, enables 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.
Forward-Looking Statements:
This release contains certain “forward-looking statements” relating to the business of the Company. All statements, other than statements of historical fact included herein are “forward-looking statements” including statements regarding: the continued growth of the e-commerce segment and the ability of the Company to continue its expansion into that segment; the ability of the Company to attract customers and partners and generate revenues; the ability of the Company to successfully execute its business plan; the business strategy, plans, and objectives of the Company; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions and involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks, and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume any duty to update these forward-looking statements.
For further information contact:
Howard Gostfrand
American Capital Ventures, Inc.
President
Office: 305-918-7000
Email: hg@amcapventures.com
www.amcapventures.com
[h=1]Weyland Tech Inc. Launches Food Delivery Service in Indonesia with AtozGo[/h][h=2][/h][FONT="]https://www.globenewswire.com/news-...livery-Service-in-Indonesia-with-AtozGo.html#[FONT="][/FONT][FONT="][/FONT][FONT="][/FONT][FONT="][/FONT][FONT="][/FONT]Email [FONT="][/FONT]Print Friendly [FONT="][/FONT]Share
July 16, 2019 10:48 ET | Source: Weyland Tech, Inc.
New York, NY, July 16, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Weyland Tech Inc. (OTCQX: WEYL) (“Weyland” or the “Company”), a global provider of mobile business applications, announced today that it has launched AtozGo, a short distance food delivery service powered by the Company’s AtozPay mobile payment platform, in Indonesia.
Beginning with a pilot launch in Jakarta, AtozGo expands upon the agent network that the Company has developed over the past 18 months to include courier services. Customers can use the AtozGo app to browse local restaurants, order and pay for food, and track delivery from their mobile devices. Delivery is seamless as couriers get registered as building tenants.
With a population of 30 million and another 3.5 million commuting in from the city limits for work, Jakarta’s roughly 1,300 office buildings, including 900 skyscrapers and 400 medium-sized buildings provide an ideal location to launch the AtozGo delivery service.
AtozGo is differentiated from other food delivery courier services by prioritizing affordable meals and short distance deliveries, allowing local restaurants that might not otherwise provide deliveries to sell more meals. Matt Brent, Head of Corporate Development and Product Strategy, said, “AtozGo continues the Company’s focus on underserved market segments by connecting customers to restaurants and shops that otherwise wouldn’t be able to provide these services. Between the heat and humidity and congested traffic conditions, going out for lunch during the work day can often be a daunting prospect. We believe AtozGo helps solve this by providing a fast, affordable, and local solution.”
The AtozGo video is here and in Bahasa Indonesia, the country’s official language. The video should provide a good idea of how it’s marketed: https://www.weyland-tech.com/atozgo/
About Weyland:
Weyland is a global provider of mobile business applications. The Company operates a Platform-as-a-Service (“PaaS”) software used on mobile ‘smartphones’. The PaaS platform offers a mobile presence to Small-to-Medium-Sized-Businesses (“SMB’s”) in emerging markets, with partnerships on 3 continents and growing. The PaaS platform, offered in 14 languages with over 70 integrated modules, enables 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.
Forward-Looking Statements:
This release contains certain “forward-looking statements” relating to the business of the Company. All statements, other than statements of historical fact included herein are “forward-looking statements” including statements regarding: the continued growth of the e-commerce segment and the ability of the Company to continue its expansion into that segment; the ability of the Company to attract customers and partners and generate revenues; the ability of the Company to successfully execute its business plan; the business strategy, plans, and objectives of the Company; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions and involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks, and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume any duty to update these forward-looking statements.
For further information contact:
Howard Gostfrand
American Capital Ventures, Inc.
President
Office: 305-918-7000
Email: hg@amcapventures.com
www.amcapventures.com
[/FONT]
July 16, 2019 10:48 ET | Source: Weyland Tech, Inc.
New York, NY, July 16, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Weyland Tech Inc. (OTCQX: WEYL) (“Weyland” or the “Company”), a global provider of mobile business applications, announced today that it has launched AtozGo, a short distance food delivery service powered by the Company’s AtozPay mobile payment platform, in Indonesia.
Beginning with a pilot launch in Jakarta, AtozGo expands upon the agent network that the Company has developed over the past 18 months to include courier services. Customers can use the AtozGo app to browse local restaurants, order and pay for food, and track delivery from their mobile devices. Delivery is seamless as couriers get registered as building tenants.
With a population of 30 million and another 3.5 million commuting in from the city limits for work, Jakarta’s roughly 1,300 office buildings, including 900 skyscrapers and 400 medium-sized buildings provide an ideal location to launch the AtozGo delivery service.
AtozGo is differentiated from other food delivery courier services by prioritizing affordable meals and short distance deliveries, allowing local restaurants that might not otherwise provide deliveries to sell more meals. Matt Brent, Head of Corporate Development and Product Strategy, said, “AtozGo continues the Company’s focus on underserved market segments by connecting customers to restaurants and shops that otherwise wouldn’t be able to provide these services. Between the heat and humidity and congested traffic conditions, going out for lunch during the work day can often be a daunting prospect. We believe AtozGo helps solve this by providing a fast, affordable, and local solution.”
The AtozGo video is here and in Bahasa Indonesia, the country’s official language. The video should provide a good idea of how it’s marketed: https://www.weyland-tech.com/atozgo/
About Weyland:
Weyland is a global provider of mobile business applications. The Company operates a Platform-as-a-Service (“PaaS”) software used on mobile ‘smartphones’. The PaaS platform offers a mobile presence to Small-to-Medium-Sized-Businesses (“SMB’s”) in emerging markets, with partnerships on 3 continents and growing. The PaaS platform, offered in 14 languages with over 70 integrated modules, enables 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.
Forward-Looking Statements:
This release contains certain “forward-looking statements” relating to the business of the Company. All statements, other than statements of historical fact included herein are “forward-looking statements” including statements regarding: the continued growth of the e-commerce segment and the ability of the Company to continue its expansion into that segment; the ability of the Company to attract customers and partners and generate revenues; the ability of the Company to successfully execute its business plan; the business strategy, plans, and objectives of the Company; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions and involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks, and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume any duty to update these forward-looking statements.
For further information contact:
Howard Gostfrand
American Capital Ventures, Inc.
President
Office: 305-918-7000
Email: hg@amcapventures.com
www.amcapventures.com
[/FONT]
[h=1]Sim Farar Joins Weyland Tech, Inc. Advisory Board[/h][h=2][/h][FONT="]https://www.globenewswire.com/news-...r-Joins-Weyland-Tech-Inc-Advisory-Board.html#[FONT="][/FONT][FONT="][/FONT][FONT="][/FONT][FONT="][/FONT][FONT="][/FONT]Email [FONT="][/FONT]Print Friendly [FONT="][/FONT]Share
July 19, 2019 09:09 ET | Source: Weyland Tech, Inc.
New York, NY, July 19, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Weyland Tech Inc. (OTCQX: WEYL) (“Weyland” or the “Company”), a global provider of mobile business applications, announced today that Sim Farar, Los Angeles based businessman, joined the Advisory Board of the Company.
Mr. Farar brings to Weyland Tech 30 years of experience in both public and private sectors. From 1999 - 2000, following a presidential appointment and confirmation by the U.S. Senate, Mr. Farar served as the United States Representative to the 54th General Assembly at the United Nations. In February 2011, again following presidential appointment and confirmation by the U.S. Senate, Mr. Farar was named as a Commissioner to the U.S. Advisory Commission on Public Diplomacy, which is charged with appraising U.S. Government activities intended to understand, inform and influence foreign publics. The Commission reports to the President, the Secretary of State, and Congress. He currently serves as Chair of that Commission. From 2001 to 2005 he also served on the Board of Fire and Police Pension Commissioners of the City of Los Angeles.
In the private sector, Mr. Farar has served as CEO, Chairman of the Board, Director and consultant to a number of companies, including JDF Investment Co. LLC, IFC Financial Services Corp, and has served as an adviser to several other private and public companies.
“In addition to his commercial success, Sim brings very impressive achievements and deep understanding of public policy sector on regional, national and global levels. With his unique skills, innovative thinking and the strength of his relationships, Sim is an invaluable addition to our Advisory Board,” commented Brent Suen, Chief Executive Officer of Weyland Tech.
The goal of the newly formed Advisory Board is to advise the leadership of Weyland on a range of subjects, including financing, strategy, marketing, government affairs, partnerships and M&A.
About Weyland:
Weyland is a global provider of mobile business applications. The Company operates a Platform-as-a-Service (“PaaS”) software used on mobile ‘smartphones’. The PaaS platform offers a mobile presence to Small-to-Medium-Sized-Businesses (“SMB’s”) in emerging markets, with partnerships on 3 continents and growing. The PaaS platform, offered in 14 languages with over 70 integrated modules, enables 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.
Forward-Looking Statements:
This release contains certain “forward-looking statements” relating to the business of the Company. All statements, other than statements of historical fact included herein are “forward-looking statements” including statements regarding: the continued growth of the e-commerce segment and the ability of the Company to continue its expansion into that segment; the ability of the Company to attract customers and partners and generate revenues; the ability of the Company to successfully execute its business plan; the business strategy, plans, and objectives of the Company; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions and involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks, and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume any duty to update these forward-looking statements.
For further information contact:
Howard Gostfrand
American Capital Ventures, Inc.
President
Office: 305-918-7000
Email: hg@amcapventures.com
www.amcapventures.com
[/FONT]
CEO of Weyland Tech, Brent Suen, Discusses the Opportunity in Southeast Asia on the Fintech Wave
Thursday, August 1, 2019 12:00 PM
NEW YORK, NY / ACCESSWIRE / August 1, 2019 / The global payment processing solutions market is expected to grow from USD 39.3 billion in 2019 to USD 64.5 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 10.4% during the forecast period.
Major growth factors for the market include increasing worldwide initiatives for the promotion of digital and online payments, high proliferation of smartphones, focus on improving customer experience, and customers' demand for immediacy of payments and settlements. These factors are expected to drive the global payment processing solutions market. However, the lack of a global standard for international transactions may limit market growth.
An eWallet is a way of storing payment methods, such as debit and credit cards, electronically so that individuals and businesses can send and receive payments through a mobile device, whether that is a tablet, smartwatch, or smartphone. Typically, an eWallet will be provided through an established payment processing model.
The eWallet market has been expanding rapidly, offering the benefits of mobile-based payments to consumers and businesses globally. However, the growing competition has already made it challenging for new entrants into space.
Brent Suen, CEO of Weyland Tech, Inc. (www.weyland-tech.com) recently shared tips and insights into the future of FinTech in Southeast Asia:
Factors that can lead your eWallet toward success
Offer an integrated solution
Your eWallet app is considered a solution for making a seamless, swift, and secure mobile transaction, but it can be so much more than that. It helps to develop partnerships with businesses already serving the market segment that you are looking at, and integrate the services and features that create more value for your users. You have to give them reasons to not only use your app but to stay in it.
Take care of comfort and convenience
Customers want an eWallet app that can make their life easier. The whole premise of an eWallet is to make users’ lives easier. Even the simple act of pulling a credit or debit card out from a physical wallet can be an inconvenience. It’s critical that your eWallet app offers both comfort and convenience in a secure way.
Pay attention to features
User-friendly features give your eWallet a competitive edge. Even if you are working within some constraints, whether they are regulatory, cultural, or technological, there are certain consumer expectations regarding the capabilities and convenience of both mobile devices and payment experiences that can’t be ignored if you hope to succeed. The users’ experience needs to feel natural and intuitive or they will return to traditional payment methods available to them. Users tend to appreciate the features they don’t even know exist the most.
Customer Service is paramount
Although eWallets are generally free, and the developer or publisher receives a percentage from transactions, either from the user or shop, many US consumers have a low tolerance for customer service that isn’t responsive or immediate. This cost center will make profitability as an eWallet provider a little longer roadmap. Many eWallet companies seek market share as opposed to profits and should they be properly funded by investors, have stronger staying power than those not well funded. Therefore, customer service is even more important to prevent customer ‘churn.’
Summing Up
In today’s mCommerce-driven age, individuals prefer mobile app-driven payment for all types of transactions. In the coming days, we can expect that the number of eWallet apps will rise. From paying bills to shopping, these apps are ready to perform multiple transactions in a secure and user-friendly way. Though the retail and e-commerce sector remains the biggest beneficiary of the eWallet app, every B2B and B2C business can leverage its benefits.
Media Contact Information
Shazir Mucklai
Email: shazir@imperium-pr.com
SOURCE: Weyland Tech
Thursday, August 1, 2019 12:00 PM
NEW YORK, NY / ACCESSWIRE / August 1, 2019 / The global payment processing solutions market is expected to grow from USD 39.3 billion in 2019 to USD 64.5 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 10.4% during the forecast period.
Major growth factors for the market include increasing worldwide initiatives for the promotion of digital and online payments, high proliferation of smartphones, focus on improving customer experience, and customers' demand for immediacy of payments and settlements. These factors are expected to drive the global payment processing solutions market. However, the lack of a global standard for international transactions may limit market growth.
An eWallet is a way of storing payment methods, such as debit and credit cards, electronically so that individuals and businesses can send and receive payments through a mobile device, whether that is a tablet, smartwatch, or smartphone. Typically, an eWallet will be provided through an established payment processing model.
The eWallet market has been expanding rapidly, offering the benefits of mobile-based payments to consumers and businesses globally. However, the growing competition has already made it challenging for new entrants into space.
Brent Suen, CEO of Weyland Tech, Inc. (www.weyland-tech.com) recently shared tips and insights into the future of FinTech in Southeast Asia:
Factors that can lead your eWallet toward success
Offer an integrated solution
Your eWallet app is considered a solution for making a seamless, swift, and secure mobile transaction, but it can be so much more than that. It helps to develop partnerships with businesses already serving the market segment that you are looking at, and integrate the services and features that create more value for your users. You have to give them reasons to not only use your app but to stay in it.
Take care of comfort and convenience
Customers want an eWallet app that can make their life easier. The whole premise of an eWallet is to make users’ lives easier. Even the simple act of pulling a credit or debit card out from a physical wallet can be an inconvenience. It’s critical that your eWallet app offers both comfort and convenience in a secure way.
Pay attention to features
User-friendly features give your eWallet a competitive edge. Even if you are working within some constraints, whether they are regulatory, cultural, or technological, there are certain consumer expectations regarding the capabilities and convenience of both mobile devices and payment experiences that can’t be ignored if you hope to succeed. The users’ experience needs to feel natural and intuitive or they will return to traditional payment methods available to them. Users tend to appreciate the features they don’t even know exist the most.
Customer Service is paramount
Although eWallets are generally free, and the developer or publisher receives a percentage from transactions, either from the user or shop, many US consumers have a low tolerance for customer service that isn’t responsive or immediate. This cost center will make profitability as an eWallet provider a little longer roadmap. Many eWallet companies seek market share as opposed to profits and should they be properly funded by investors, have stronger staying power than those not well funded. Therefore, customer service is even more important to prevent customer ‘churn.’
Summing Up
In today’s mCommerce-driven age, individuals prefer mobile app-driven payment for all types of transactions. In the coming days, we can expect that the number of eWallet apps will rise. From paying bills to shopping, these apps are ready to perform multiple transactions in a secure and user-friendly way. Though the retail and e-commerce sector remains the biggest beneficiary of the eWallet app, every B2B and B2C business can leverage its benefits.
Media Contact Information
Shazir Mucklai
Email: shazir@imperium-pr.com
SOURCE: Weyland Tech
Weyland Tech Engages CMA to Lead New Investor and Public Relations Program
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August 02, 2019 08:31 ET | Source: Weyland Tech, Inc.
New York, NY, Aug. 02, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Weyland Tech Inc. (OTCQX: WEYL), a global platform-as-a-service (PaaS) provider of mobile business software applications, has engaged CMA, a premier international capital markets advisory firm, to lead a new strategic investor and public relations program.
Weyland reported more than 100% year-over-year topline growth in the first quarter of 2019, with revenue of nearly $27 million on a trailing twelve-month basis. This growth is being driven by delivering powerful mCommerce technology designed for the world’s fastest-growing emerging markets.
"We believe we’ve reached a pivotal point in our growth trajectory and that our shareholders will benefit from an experienced team of capital market professionals to generate greater awareness of Weyland in the investment community," said the company’s founder and CEO, Brent Suen. "CMA brings a proven track record of helping emerging growth companies like ours to enhance shareholder value by establishing high-quality, long-term relationships with influential members of the financial community."
CMA will work closely with Weyland management to develop and execute a comprehensive capital markets strategy. The company will receive access to CMA’s proprietary network of high-net worth investors, equity analysts, institutional investors, investment bankers, media and other valuable market resources. Activities will include strategic advisory, investor and media communications, and introductions to key market players in the U.S., Canada and internationally. CMA will also schedule meetings and investor conferences for management over the next several months.
Weyland has rapidly emerged as a leading developer and global provider of mobile business software applications, enabling tens of thousands of small and medium size businesses to more efficiently and effectively market, promote and sell their goods and services.
“Weyland’s successful approach to the market is being led by a highly capable and visionary global management team,” noted CMA managing partner and lead capital market strategist, Ronald Both. “The company’s phenomenal growth, recent major milestones and plans for further global expansion have created an opportune time to introduce the company to the broader financial community — particularly institutional investors and analysts looking for opportunities like Weyland and who can recognize its unique value proposition.”
To schedule a call or meeting with Weyland Tech management, contact Ron Both or Grant Stude at +1 (949) 432-7566 or WEYL@cma.team.
About CMA
CMA is a premier international capital markets advisory firm with broad sector expertise. The firm’s highly experienced team of advisors connects the senior management of public and private companies to qualified capital market players in the U.S., Canada and around the world. CMA’s high-touch approach provides companies exclusive access to a proprietary network of high-net worth investors, equity analysts, money managers, institutional investors, investment bankers, media and other valuable market resources. Working in partnership, CMA also proactively connects these capital market players to new emerging growth opportunities. To learn more, go to www.capitalmarketaccess.com.
About Weyland Tech
Weyland Tech Inc. is a developer and global provider of mobile business software applications. The company operates its platform-as-a-service (PaaS) software platform across three continents and 10 countries, including some of the fastest-growing emerging markets in Southeast Asia. The platform provides a mobile presence for small-and-medium sized businesses (SMBs) that is supported locally by distributor partnerships.
Offered in 14 languages with more than 70 integrated modules, Weyland enables SMBs to create and deploy native mobile applications for Apple iOS and Google Android without technical knowledge or background. The technology empowers SMBs to increase sales, reach more customers, manage logistics, and promote their products and services in an easy, affordable and highly efficient way. For more information, visit www.weyland-tech.com.
Important Cautions Regarding Forward Looking Statements
This release contains certain “forward-looking statements” relating to the business of the Company. All statements, other than statements of historical fact included herein are “forward-looking statements” including statements regarding: the continued growth of the e-commerce segment and the ability of the Company to continue its expansion into that segment; the ability of the Company to attract customers and partners and generate revenues; the ability of the Company to successfully execute its business plan; the business strategy, plans, and objectives of the Company; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions and involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks, and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume any duty to update these forward-looking statements.
Company Contact
Brent Suen, CEO
Weyland Tech Inc.
Tel (808) 829-1057
Email contact
Media & Investor Contact
Ronald Both or Grant Stude
CMA
Tel (949) 432-7566
WEYL@cma.team
Weyland Tech Appoints Capital Markets Veteran, Andre Peschong, to Advisory Board
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August 05, 2019 08:31 ET | Source: Weyland Tech, Inc.
New York, NY, Aug. 05, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Weyland Tech Inc. (OTCQX: WEYL), a global platform-as-a-service (PaaS) provider of mobile business software applications, has named Andre Peschong, a noted expert in finance, corporate development and strategy, to its board of advisors.
Peschong brings to Weyland more than 25 years of senior management and capital markets experience. He has structured, negotiated and closed more than $500 million in corporate financing, with M&A transactions totaling more than $100 million in enterprise value. He co-founded Bridgewater Capital of Newport Beach, California in 1994, and earlier served as CEO of a fast-growing consumer products company.
As a partner of Bridgewater, Peschong provides strategic advisory, capital formation, and comprehensive business and revenue development for public and private companies across a spectrum of industries, from mobile and security technology to consumer products, eCommerce, life sciences and health. He has spearheaded the transition of several companies from private to publicly-traded, creating more than $500 million in value, and has co-managed three investment funds.
A recognized expert in angel investing, M&A and finance, Peschong has authored or been featured in articles on Forbes.com, Businessweek, New York Times, US News, The Street, and MarketWatch.
“We expect Andre’s financial markets experience and understanding of the mobile eCommerce sector to provide our senior management team with important insights and guidance as we pursue our plans for organic and acquisitive growth across global markets,” said Weyland CEO, Brent Suen. “Andre has already proven to be a perfect fit for our advisory board, having helped us recently attract significant growth capital from a number of strategic international investors.”
Peschong currently serves on the board of directors of StereoVision Imaging, a leader in 3D facial recognition and identity management solutions. He played a key role in the company’s acquisition last year of Digital Signal Corporation, a leading innovator in LiDAR-based (laser) 3D facial intelligence technology. He also serves on the advisory board of London-based Falcon Capital, which structures and executes international investments, as well as advises emerging growth companies on M&A strategy, joint ventures and divestitures.
“I’m excited to join Weyland at this pivotal time in its development and after reporting more than 100% year-over-year growth in its last quarter,” commented Peschong. “Brent and his world-class management team have done an amazing job driving this rapid growth by delivering key mCommerce technology to the world’s fastest-growing markets. I look forward to supporting their efforts as Weyland pursues a number of new market opportunities that will drive its continued emergence as the ‘next big mobile business applications company.’”
The purpose of the newly formed advisory board is to advise the leadership of Weyland on a range of corporate activities, from financing, business strategy and marketing, to government affairs, partnerships and M&A. Sim Farar, a highly-accomplished Los Angeles, California businessman and expert in government affairs, is also a recentaddition.
About Weyland Tech
Weyland Tech Inc. is a developer and global provider of mobile business software applications. The company operates its platform-as-a-service (PaaS) software platform across three continents and 10 countries, including some of the fastest-growing emerging markets in Southeast Asia. The platform provides a mobile presence for small-and-medium sized businesses (SMBs) that is supported locally by distributor partnerships.
Offered in 14 languages with more than 70 integrated modules, Weyland enables SMBs to create and deploy native mobile applications for Apple iOS and Google Android without technical knowledge or background. The technology empowers SMBs to increase sales, reach more customers, manage logistics, and promote their products and services in an easy, affordable and highly efficient way. For more information, visit www.weyland-tech.com.
Important Cautions Regarding Forward Looking Statements
This release contains certain “forward-looking statements” relating to the business of the Company. All statements, other than statements of historical fact included herein are “forward-looking statements” including statements regarding: the continued growth of the e-commerce segment and the ability of the Company to continue its expansion into that segment; the ability of the Company to attract customers and partners and generate revenues; the ability of the Company to successfully execute its business plan; the business strategy, plans, and objectives of the Company; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions and involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks, and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume any duty to update these forward-looking statements.
Company Contact
Brent Suen, CEO
Weyland Tech Inc.
Tel (808) 829-1057
Email contact
Media & Investor Contact
Ronald Both or Grant Stude
CMA
Tel (949) 432-7566
WEYL@cma.team
Weyland Tech Reports Q2 2019 Results; Recurring Revenue up 53% to $7.1 Million
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August 14, 2019 16:01 ET | Source: Weyland Tech, Inc.
NEW YORK, Aug. 14, 2019 (GLOBE NEWSWIRE) -- Weyland Tech (OTCQX: WEYL) a leading developer and global provider of mobile m-Commerce software solutions, reported results for the first quarter ended June 30, 2019. All quarterly comparisons are to the same period in 2018 unless otherwise noted.
Second Quarter 2019 Highlights
- Revenue, which is comprised of recurring subscription fees, increased 53% to $7.1 million.
- Launched a pilot program of the company’s CreateApp Platform-as-a-Service in Indonesia with the country’s second-largest telecommunications provider.
- Cash and equivalents totaled $5.3 million at June 30, 2019.
“In Q2 2019, we dramatically expanded our recurring revenue stream, generating more than 50% growth,” said Brent Suen, CEO of Weyland Tech. “This was largely due to greater customer adoption of our CreateApp Platform-as-a-Service in our existing markets as driven by our channel partners. This progress has continued into the third quarter, keeping us on track for another year of record growth.”
“Also driving our growth is the fact that we are focused on the world’s most engaged mobile users, with more than 350 million ‘mobile-first’ internet users located in Southeast Asia. It’s also a region with the fastest growing adoption of m-Commerce solutions by businesses and consumers. Our more attractive pricing structure implemented during the quarter supported our ability to capture greater market share of the micro and small businesses that make up about 90% of the region’s economy.
“We expect our CreateApp platform to continue to gain traction due to its simplicity and versatility, similar to how Shopify provides e-Commerce enabled websites for small businesses. Our business enablement platform requires literally no technical understanding of programming or app design for mobile apps, allowing users to build their own m-Commerce-enabled mobile app in less than two hours.
“During the quarter, we also increased our market reach with the launch of a pilot program in Indonesia in partnership with Indosat, one of the country’s leading telecommunications providers. We see this partnership eventually becoming another strong revenue driver.
“Since the end of the quarter, we’ve been active in strengthening our team with the appointment to our advisory board of two seasoned executives in capital markets and e-Commerce, Sim Farrar and Andre Peschong. Along with his strong business acumen, Sim brings to us deep understanding of public policy across regional, national and global levels. Andre has already been instrumental in helping us attract significant growth capital from a number of strategic international investors.
“In partnership with our spin-off company, AtozPay, we recently launched AtozGo, a short-distance food delivery service in Jakarta, Indonesia powered by AtozPay’s mobile payment platform and our mobile app technology. AtozGo allows mobile users to browse local restaurants, order and pay for meals, and track delivery. Given Jakarta’s population of 30 million, with another 3.5 million commuting daily, the city was an ideal location to launch the AtozGo delivery service. Within two weeks from launch, AtozGo has gone from zero to over 1,200 deliveries per day. We expect this rapid ramp up in business to pave the way for greater visibility with potential acquirers.
“For the remainder of the year, we will continue to focus on supporting our channel partners and enhancing our platform offerings. We expect to see margin improvement as we introduce more value-added services, and will continue to evaluate a number of attractive M&A opportunities. Given our momentum coming out of the second quarter with proven, differentiated strategies, we believe Weyland Tech remains on track for another year of double-digit growth.”
Q2 2019 Financial Summary
Total revenues increased 53% to $7.1 million in the second quarter of 2019, as compared to $4.7 million in the same period last year. The increase was due to the service income from customers in targeted emerging markets at lower price points.
Gross profit decreased 69% to $1.3 million or 17.7% of revenues compared to $2.8 million or 87.7% of revenue in the year-ago quarter. The decrease was primarily due to a reclassification of certain research & development and sales & marketing expenses.
Total operating expenses decreased 49% to $2.9 million from $5.1 million in the same year-ago period. The decrease was primarily due to the aforementioned reclassification of certain expenses.
General and administrative expenses increased 127% to $1.3 million in the second quarter 2019 from $5.5 million in the same year-ago quarter, primarily due to $870,000 in non-cash stock-based compensation.
Net loss was $1.7 million or $(0.04) per basic share, compared to net loss of $1.0 million or $(0.03) per basic share in the same year-ago period.
At June 30, 2019, cash, cash equivalents and marketable equity securities totaled $5.3 million, compared to $1.4 million on March 31, 2019. The increase was primarily the result of an equity raise generating $5.2 million in gross proceeds.
About Weyland Tech
Weyland Tech Inc. is a developer and global provider of mobile business software applications. The company operates its platform-as-a-service (PaaS) software platform across three continents and 10 countries, including some of the fastest-growing emerging markets in Southeast Asia. The platform provides a mobile presence for small-and-medium sized businesses (SMBs) that is supported locally by distributor partnerships.
Offered in 14 languages with more than 70 integrated modules, Weyland enables SMBs to create and deploy native mobile applications for Apple iOS and Google Android without technical knowledge or background. The technology empowers SMBs to increase sales, reach more customers, manage logistics, and promote their products and services in an easy, affordable and highly efficient way. For more information, visit www.weyland-tech.com.
Important Cautions Regarding Forward Looking Statements
This release contains certain “forward-looking statements” relating to the business of the Company. All statements, other than statements of historical fact included herein are “forward-looking statements” including statements regarding: the continued growth of the e-commerce segment and the ability of the Company to continue its expansion into that segment; the ability of the Company to attract customers and partners and generate revenues; the ability of the Company to successfully execute its business plan; the business strategy, plans, and objectives of the Company; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions and involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks, and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume any duty to update these forward-looking statements.
Company Contact
Brent Suen, CEO
Weyland Tech Inc.
Tel (808) 829-1057
Email contact
Media & Investor Contact
Ronald Both or Grant Stude
CMA
Tel (949) 432-7566
WEYL@cma.team
[h=1]Weyland's AtozPay and Grab Partner for Short-Distance Food Delivery Service in Jakarta[/h][h=2][/h][FONT="]https://www.globenewswire.com/news-...stance-Food-Delivery-Service-in-Jakarta.html#[FONT="][/FONT][FONT="][/FONT][FONT="][/FONT][FONT="][/FONT][FONT="][/FONT]Email [FONT="][/FONT]Print Friendly [FONT="][/FONT]Share
September 04, 2019 08:31 ET | Source: Weyland Tech, Inc.
New York, NY, Sept. 04, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Weyland Tech (OTCQX: WEYL), a leading global provider of m-Commerce solutions, and its mobile fintech partner, AtozPay, have joined forces with Grab, the leading online-to-offline mobile platform in Southeast Asia, to promote the new AtozGo short-distance food delivery service in Jakarta, Indonesia.
Launched earlier this week, Grab is supporting a new AtozGo co-marketing campaign, targeting food establishments and mobile users in certain areas of Jakarta. Following a successful roll-out, the campaign is expected to expand to other areas of the city, along with the possibility of a strategic investment by Grab.
The program builds upon an existing relationship with Grab, where AtozPay’s e-Wallet provides payment options for Grab’s various m-Commerce apps used for ordering shared transportation and delivery services.
AtozGo, which is powered by AtozPay’s mobile payment platform and Weyland’s m-Commerce technology, allows office workers and city dwellers to browse the menus of their local favorite restaurants on their smartphone. They can easily order and pay for meals using their AtozPay e-Wallet, and track deliveries to their door. AtozGo saves the hassle of waiting in line, while providing a fast and easy way for others to make extra income in their spare time.
Unlike other food delivery services, such as GrabFood, AtozGo increases the potential population of delivery people by not requiring a motor vehicle. They simply need to be within walking distance of the customer and local food establishments. This helps make it a more affordable and faster option for urban consumers.
Given Jakarta’s population of 30 million, with another 3.5 million commuting daily, the city was an ideal location to launch AtozGo, initially targeting a single square block of offices. Since its launch in July, AtozGo has now reached more than 1,400 deliveries per day at this location.
“The success of the AtozGo model has begun to attract the attention of major players like Grab who appreciate its innovative approach and see an opportunity to expand their market reach,” said Weyland Tech CEO, Brent Suen. “Jakarta’s vast population, a huge selection of small eateries around the city, and our powerful m-Commerce technology, all make for a tremendously successful combination.
“In fact, AtozGo has been so successful, it has reached a saturation point in its initial deployment area,” continued Suen. “Having now proven out the model, scaling it up to multiple square office blocks can be greatly assisted by a technical infrastructure made possible by partnering with Grab, as well as further investment into marketing and customer aggregation.”
For Weyland Tech, the partnership with Grab also presents an opportunity to introduce its CreateApp mobile app development solution to a greater audience of merchants and SMBs.
“Grab's extensive network of small enterprises that use its transport, logistics and delivery solutions represents a great number of potential customers for CreateApp,” said Suen. “Their existing penetration of middle to higher income populations further enhances this opportunity.”
About Weyland Tech
Weyland Tech Inc. is a developer and global provider of mobile business software applications. It operates its platform-as-a-service (PaaS) software platform across three continents and 10 countries, including some of the fastest-growing emerging markets in Southeast Asia. The platform provides a mobile presence for small-and-medium sized businesses (SMBs) that is supported locally by distributor partnerships.
Offered in 14 languages with more than 70 integrated modules, Weyland enables SMBs to create and deploy native mobile applications for Apple iOS and Google Android without technical knowledge or background. The technology empowers SMBs to increase sales, reach more customers, manage logistics, and promote their products and services in an easy, affordable and highly efficient way. For more information, visit [url]www.weyland-tech.com[/URL].
Important Cautions Regarding Forward Looking Statements
This release contains certain “forward-looking statements” relating to the business of the Company. All statements, other than statements of historical fact included herein are “forward-looking statements” including statements regarding: the continued growth of the e-commerce segment and the ability of the Company to continue its expansion into that segment; the ability of the Company to attract customers and partners and generate revenues; the ability of the Company to successfully execute its business plan; the business strategy, plans, and objectives of the Company; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions and involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks, and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume any duty to update these forward-looking statements.
Company Contact
Brent Suen, CEO
Weyland Tech Inc.
Email contact
Media & Investor Contact
Ronald Both or Grant Stude
CMA
Tel (949) 432-7566
WEYL@cma.team
[/FONT]
Weyland Tech to Acquire 31% Ownership of AtozPay and AtozGo
GlobeNewswire•October 3, 2019
NEW YORK, Oct. 03, 2019 (GLOBE NEWSWIRE) --Weyland Tech(WEYL), a leading global provider of m-Commerce solutions, has exercised its option to acquire 31% beneficial ownership of PT Weyland Indonesia Perkasa (WIP), owner and operator of the fast-growingAtozPayandAtozGoplatforms.
The AtozPay mobile payments platform serves the burgeoning m-Commerce and e-Payment markets in Indonesia, the world’s fourth most populous country. AtozPay has attracted several major partnerships that enable mobile payment for goods and services.
AtozPay recentlyannouncedit joined forces withGrab, the leading online-to-offline mobile platform in Southeast Asia, to promote its new AtozGo short-distance food delivery service in Jakarta, Indonesia. Grab is supporting a new AtozGo co-marketing campaign targeting food establishments and mobile users in certain areas of Jakarta.
The new campaign is building off AtozGo’s successful pilot launch addressing a single square block of Jakarta that is now generating more than 1,500 deliveries a day. This area comprises 15 building complexes, of which three are currently generating the bulk of the volume. Following the rollout with Grab, AtozGo expects to expand to other areas of the city, along with the possibility of a strategic investment by Grab.
“AtozGo address the need for a hyper-local, pedestrian-powered food delivery service that can make food delivery from local establishments quick and easy for office workers and urbanites,” said Brent Suen, president and CEO of Weyland Tech. “This unique approach is capturing an untapped huge market, and making AtozGo especially attractive to food delivery services, like GrabFood, which traditionally targets areas where motorized delivery is required.”
“AtozPay is a highly complementary consumer-facing fintech solution that supports ourCreateAppPaaS platform by providing payments capabilities,” continued Suen. “We had spun AtozPay off to our shareholders last year but retained the option to secure this 31% position of WIP at nominal cost. Given the tremendous recent progress of AtozPay and AtozGo, including the participation with major partners, we believe this ownership position will substantially enhance Weyland Tech’s shareholder value.”
Weyland will continue cross-selling of its CreateApp solution to businesses that have adopted the AtozPay e-wallet solution, but now adding food service businesses that can benefiting from AtozGo. Weyland is also expanding its marketing efforts to address specific affinity groups and everyday product merchants who are currently underserved in Indonesia.
The company expects to complete the transaction before the end of October.
About Weyland Tech
Weyland Tech Inc. is a developer and global provider of mobile business software applications. It operates its platform-as-a-service (PaaS) software platform across three continents and 10 countries, including some of the fastest-growing emerging markets in Southeast Asia. The platform provides a mobile presence for small-and-medium sized businesses (SMBs) that is supported locally by distributor partnerships.
Offered in 14 languages with more than 70 integrated modules, Weyland enables SMBs to create and deploy native mobile applications for Apple iOS and Google Android without technical knowledge or background. The technology empowers SMBs to increase sales, reach more customers, manage logistics, and promote their products and services in an easy, affordable and highly efficient way. For more information, visitwww.weyland-tech.com.
GlobeNewswire•October 3, 2019
NEW YORK, Oct. 03, 2019 (GLOBE NEWSWIRE) --Weyland Tech(WEYL), a leading global provider of m-Commerce solutions, has exercised its option to acquire 31% beneficial ownership of PT Weyland Indonesia Perkasa (WIP), owner and operator of the fast-growingAtozPayandAtozGoplatforms.
The AtozPay mobile payments platform serves the burgeoning m-Commerce and e-Payment markets in Indonesia, the world’s fourth most populous country. AtozPay has attracted several major partnerships that enable mobile payment for goods and services.
AtozPay recentlyannouncedit joined forces withGrab, the leading online-to-offline mobile platform in Southeast Asia, to promote its new AtozGo short-distance food delivery service in Jakarta, Indonesia. Grab is supporting a new AtozGo co-marketing campaign targeting food establishments and mobile users in certain areas of Jakarta.
The new campaign is building off AtozGo’s successful pilot launch addressing a single square block of Jakarta that is now generating more than 1,500 deliveries a day. This area comprises 15 building complexes, of which three are currently generating the bulk of the volume. Following the rollout with Grab, AtozGo expects to expand to other areas of the city, along with the possibility of a strategic investment by Grab.
“AtozGo address the need for a hyper-local, pedestrian-powered food delivery service that can make food delivery from local establishments quick and easy for office workers and urbanites,” said Brent Suen, president and CEO of Weyland Tech. “This unique approach is capturing an untapped huge market, and making AtozGo especially attractive to food delivery services, like GrabFood, which traditionally targets areas where motorized delivery is required.”
“AtozPay is a highly complementary consumer-facing fintech solution that supports ourCreateAppPaaS platform by providing payments capabilities,” continued Suen. “We had spun AtozPay off to our shareholders last year but retained the option to secure this 31% position of WIP at nominal cost. Given the tremendous recent progress of AtozPay and AtozGo, including the participation with major partners, we believe this ownership position will substantially enhance Weyland Tech’s shareholder value.”
Weyland will continue cross-selling of its CreateApp solution to businesses that have adopted the AtozPay e-wallet solution, but now adding food service businesses that can benefiting from AtozGo. Weyland is also expanding its marketing efforts to address specific affinity groups and everyday product merchants who are currently underserved in Indonesia.
The company expects to complete the transaction before the end of October.
About Weyland Tech
Weyland Tech Inc. is a developer and global provider of mobile business software applications. It operates its platform-as-a-service (PaaS) software platform across three continents and 10 countries, including some of the fastest-growing emerging markets in Southeast Asia. The platform provides a mobile presence for small-and-medium sized businesses (SMBs) that is supported locally by distributor partnerships.
Offered in 14 languages with more than 70 integrated modules, Weyland enables SMBs to create and deploy native mobile applications for Apple iOS and Google Android without technical knowledge or background. The technology empowers SMBs to increase sales, reach more customers, manage logistics, and promote their products and services in an easy, affordable and highly efficient way. For more information, visitwww.weyland-tech.com.
inside purchase http://app.quotemedia.com/data/down...of+securities&dateFiled=2019-10-15&CK=1335112
| 0/01/2019 | P | 1,000 | A | $ 0.336 | 1,833,000 | D | ||||
| COMMON STOCK | 10/02/2019 | P | 21,000 | A | $ 0.36 | 1,854,000 | D | |||
| COMMON STOCK | 10/03/2019 | P | 3,000 | A | $ 0.38 | 1,857,000 | D | |||
| COMMON STOCK | 10/04/2019 | P | 5,000 | A | $ 0.39 | 1,862,000 | D | |||
| COMMON STOCK | 10/08/2019 | P | 10,000 | A | $ 0.36 | 1,872,000 | D | |||
| COMMON STOCK | 10/09/2019 | P | 10,000 | A | $ 0.36 | 1,882,000 | D | |||
| COMMON STOCK | 10/10/2019 | P | 30,000 | A | $ 0.38 | 1,912,000 | D | |||
| COMMON STOCK | 10/11/2019 | P | 20,000 | A | $ 0.4 | 1,932,000 | D |
