There is a major problem with a block of 800k shares sold , that is in dispute . The company is going to court to get this resolved , but the stock is being held down by the shorts to reduce the carrying costs as well as keep the stock off NASDQ . This has potential to be one of the biggest short squeezes you have even seen, but even if something gets negotiated before the quick approaching deadline, this company will be blowing and going with news shortly . Very thin stock, 5000k shares moves it either way . Many institutional investors waiting to buy once they get uplisted . Do not miss this stock . Scale in i f nerveous , and buy more higher , or lower .
Weyland Tech Continues Growth & Discloses More Than $6 Million in Revenue and Updates Shareholders on Its Business Strategy
MarketwiredAugust 24, 2017
HONG KONG--(Marketwired - Aug 24, 2017) - Weyland Tech, Inc. ( OTCQB : WEYL ) ("Weyland" or "Company"), a provider of mobile business applications, today provided a shareholder update on the heels of filing its second quarter financial results. The results may be found in the Company's Form 10-Q filed with the Securities and Exchange Commission. A more comprehensive description of the Company's business strategy is also discussed below.
Quarterly Highlights
Results of Operation
Service Revenue
Service Revenue was $6,476,022 and $6,394,984 for the six months ended June 30, 2017 and 2016, respectively. The increase is due to the service income from our customers.
Although only slightly higher than the previous reporting period, there was a pricing reduction by our partners that was designed to incentivize resellers to increase the number of subscribers renewing their subscriptions based on lower pricing. The company expects revenue to per subscriber to grow as additional transaction services currently in development are deployed.
Cost of Service
Cost of Service was $5,095,509 and $3,673,639 for the six months ended June 30, 2017 and 2016, respectively. Included are development costs of $ 390,772 (2016: $1,750,000). The increase during the period reflects our revised normal gross margins for our core subscription business.
Although booked as Cost of Service, our audit committee and our auditor, took a highly conservative approach and will reclassify as R&D in the coming quarters.
Operating Expenses
General and Administrative expenses were $478,893 and $493,188 and for the six months ended June 30, 2017 and 2016, respectively.
Net Profit (Loss)
The Company had a net profit of $745,536 and $2,259,327 for the six months ended June 30, 2017 and 2016, respectively. Gross margins decreased from 43% to 21% for six months ended June 30, 2017, decreased from 28% to -11% for three months ended June 30, 2017.
Included in Net profit was amortization of $175,967 for the six months ended June 30, 2017. (2016: $125,000).
Updates on recent partnerships
DPEX Worldwide - In December 2016, the Company and DPEX announced a strategic relationship Weyland and DPEX have been working on launching the DPEX m-commerce platform and are targeting early to mid-September 2017 for official launch. Further details will be forthcoming.
Faith United O2O - On May 1, 2017, the Company signed a software development agreement with Faith United Technology LTD, a Hong Kong based software developer. Weyland Tech and Faith United are collaborating on Online-to-Offline ("O2O") applications initially targeting the food service industry. Weyland Tech believes O2O solutions allow merchants to reach online buyers that are not directly served by Third Party Logistics providers ("3PL") but can reach more centralized physical locations for pick-up.
During Q3-2017 an initial closed beta is being designed with potential for initial revenues on the O2O platform possible in Q4. This closed beta will be used to refine the O2O platform for subsequent license to Restaurants, Central Kitchens and Food companies.
Our Future
The Company's team, after building a business platform over the past two years, has learned much about the impact of mobile business apps and the impact it can have on a small-medium-sized business ("SMB").
There are currently four key areas of focus that the Company is expanding upon:
1) Increase Access to and Reduce M-commerce Transaction friction in SE Asia
Weyland is focused on marketplace tools and services that support the establishment of a leading marketplace for SE Asia. The objective to deliver tools and marketplace services needed to create South East Asia Alibaba's, EBay's or Etsy's.
In SE Asia payment, delivery/logistics and marketing for e-commerce differ from the US, European and North Asian approaches and are just emerging.
Importantly m-commerce is e-commerce as the mobile phone is the first platform upon which consumers can transact e-commerce. Additionally, small businesses (SMBs) constitute the vast majority of businesses and a smaller but significant amount of commerce.
As a result, WEYL first focus is on providing m-commerce applications and tools for SMBs to create their own. There is huge incentive for SMBs as entire "Taobao villages" have been created in China as the result of creating that market place. WEYL seeks to drive this opportunity in SE Asia.
https://qz.com/899922/once-poverty-stricken-chinas-taobao-villages-have-found-a-lifeline-making-trin...
Three of the most populous countries in the world and the three most populous in the ASEAN region are Indonesia, the Philippines and Thailand. Weyland Tech has strategic partnerships in all three as well as the other ASEAN nations.
2) Strategic Partnerships Build Strong Barriers to Entry
A strategic partnership with DPEX, one of the ASEAN regions incumbent logistics players with infrastructure throughout ever country in the region, enables Weyland Tech to provide delivery for e/m-commerce customers
Weyland Tech has partnered with and is finalizing partnerships with major payment gateways in the region AND also the incumbent telecoms which provide payment solutions to the disparate locales in countries like Indonesia.
3) Acquisition, Development and Scaling
In order to expand services that reduces m-commerce friction we expect the company will both build and buy Intellectual Property depending on time-to-market, available expertise and cost of either approach.
The Company has met with and is in the process of evaluating several synergistic merger opportunities and believes that any proposed merger or acquisition will be accretive in nature.
4) Partnerships With Other High Growth Mobile App industry Players
The Company has been approached by several mobile app based companies including e-sports, online gaming and loyalty card providers. As opportunities present themselves, the Company will selectively pursue those providing they fit into our existing core competencies and business model.
Summary
The Company's management and partners believe that the current and historical business will evolve into a more scalable and higher margin business as the above initiatives are layered in.
All indications of the current partnerships and ones in negotiation are believed to create a revenue opportunity that will in turn equate to an increase in market valuation and shareholder equity.
The Company has been pursuing a NASDAQ uplisting, and is currently upgrading to the OTCQX market, the highest tier of the OTC Markets. The OTCQX is home to some of the World's largest companies including Roche Holdings, Adidas, Nestle, BNP, Allianz Financial, AXA Insurance and many others that chose to dual list on the OTCQX instead of the NASDAQ or NYSE.
The Company will aggressively evaluate all options presented that enable an increase in shareholder value.https://finance.yahoo.com/news/weyland-tech-continues-growth-discloses-133000675.html
MarketwiredAugust 24, 2017
HONG KONG--(Marketwired - Aug 24, 2017) - Weyland Tech, Inc. ( OTCQB : WEYL ) ("Weyland" or "Company"), a provider of mobile business applications, today provided a shareholder update on the heels of filing its second quarter financial results. The results may be found in the Company's Form 10-Q filed with the Securities and Exchange Commission. A more comprehensive description of the Company's business strategy is also discussed below.
Quarterly Highlights
Results of Operation
Service Revenue
Service Revenue was $6,476,022 and $6,394,984 for the six months ended June 30, 2017 and 2016, respectively. The increase is due to the service income from our customers.
Although only slightly higher than the previous reporting period, there was a pricing reduction by our partners that was designed to incentivize resellers to increase the number of subscribers renewing their subscriptions based on lower pricing. The company expects revenue to per subscriber to grow as additional transaction services currently in development are deployed.
Cost of Service
Cost of Service was $5,095,509 and $3,673,639 for the six months ended June 30, 2017 and 2016, respectively. Included are development costs of $ 390,772 (2016: $1,750,000). The increase during the period reflects our revised normal gross margins for our core subscription business.
Although booked as Cost of Service, our audit committee and our auditor, took a highly conservative approach and will reclassify as R&D in the coming quarters.
Operating Expenses
General and Administrative expenses were $478,893 and $493,188 and for the six months ended June 30, 2017 and 2016, respectively.
Net Profit (Loss)
The Company had a net profit of $745,536 and $2,259,327 for the six months ended June 30, 2017 and 2016, respectively. Gross margins decreased from 43% to 21% for six months ended June 30, 2017, decreased from 28% to -11% for three months ended June 30, 2017.
Included in Net profit was amortization of $175,967 for the six months ended June 30, 2017. (2016: $125,000).
Updates on recent partnerships
DPEX Worldwide - In December 2016, the Company and DPEX announced a strategic relationship Weyland and DPEX have been working on launching the DPEX m-commerce platform and are targeting early to mid-September 2017 for official launch. Further details will be forthcoming.
Faith United O2O - On May 1, 2017, the Company signed a software development agreement with Faith United Technology LTD, a Hong Kong based software developer. Weyland Tech and Faith United are collaborating on Online-to-Offline ("O2O") applications initially targeting the food service industry. Weyland Tech believes O2O solutions allow merchants to reach online buyers that are not directly served by Third Party Logistics providers ("3PL") but can reach more centralized physical locations for pick-up.
During Q3-2017 an initial closed beta is being designed with potential for initial revenues on the O2O platform possible in Q4. This closed beta will be used to refine the O2O platform for subsequent license to Restaurants, Central Kitchens and Food companies.
Our Future
The Company's team, after building a business platform over the past two years, has learned much about the impact of mobile business apps and the impact it can have on a small-medium-sized business ("SMB").
There are currently four key areas of focus that the Company is expanding upon:
1) Increase Access to and Reduce M-commerce Transaction friction in SE Asia
Weyland is focused on marketplace tools and services that support the establishment of a leading marketplace for SE Asia. The objective to deliver tools and marketplace services needed to create South East Asia Alibaba's, EBay's or Etsy's.
In SE Asia payment, delivery/logistics and marketing for e-commerce differ from the US, European and North Asian approaches and are just emerging.
Importantly m-commerce is e-commerce as the mobile phone is the first platform upon which consumers can transact e-commerce. Additionally, small businesses (SMBs) constitute the vast majority of businesses and a smaller but significant amount of commerce.
As a result, WEYL first focus is on providing m-commerce applications and tools for SMBs to create their own. There is huge incentive for SMBs as entire "Taobao villages" have been created in China as the result of creating that market place. WEYL seeks to drive this opportunity in SE Asia.
https://qz.com/899922/once-poverty-stricken-chinas-taobao-villages-have-found-a-lifeline-making-trin...
Three of the most populous countries in the world and the three most populous in the ASEAN region are Indonesia, the Philippines and Thailand. Weyland Tech has strategic partnerships in all three as well as the other ASEAN nations.
2) Strategic Partnerships Build Strong Barriers to Entry
A strategic partnership with DPEX, one of the ASEAN regions incumbent logistics players with infrastructure throughout ever country in the region, enables Weyland Tech to provide delivery for e/m-commerce customers
Weyland Tech has partnered with and is finalizing partnerships with major payment gateways in the region AND also the incumbent telecoms which provide payment solutions to the disparate locales in countries like Indonesia.
3) Acquisition, Development and Scaling
In order to expand services that reduces m-commerce friction we expect the company will both build and buy Intellectual Property depending on time-to-market, available expertise and cost of either approach.
The Company has met with and is in the process of evaluating several synergistic merger opportunities and believes that any proposed merger or acquisition will be accretive in nature.
4) Partnerships With Other High Growth Mobile App industry Players
The Company has been approached by several mobile app based companies including e-sports, online gaming and loyalty card providers. As opportunities present themselves, the Company will selectively pursue those providing they fit into our existing core competencies and business model.
Summary
The Company's management and partners believe that the current and historical business will evolve into a more scalable and higher margin business as the above initiatives are layered in.
All indications of the current partnerships and ones in negotiation are believed to create a revenue opportunity that will in turn equate to an increase in market valuation and shareholder equity.
The Company has been pursuing a NASDAQ uplisting, and is currently upgrading to the OTCQX market, the highest tier of the OTC Markets. The OTCQX is home to some of the World's largest companies including Roche Holdings, Adidas, Nestle, BNP, Allianz Financial, AXA Insurance and many others that chose to dual list on the OTCQX instead of the NASDAQ or NYSE.
The Company will aggressively evaluate all options presented that enable an increase in shareholder value.https://finance.yahoo.com/news/weyland-tech-continues-growth-discloses-133000675.html
Aug 28, 2017 4:30 AM ET
BUYINS.NET Issues Weyland Tech (WEYL) SqueezeTrigger Report
iCrowdNewswire - Aug 28, 2017
August 28, 2017 / M2 PRESSWIRE / BUYINS.NET, http://www.buyins.net, a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance, has initiated coverage on Weyland Tech (OTCQB: WEYL) after releasing the latest short sale data through August 25, 2017. The total aggregate number of shares shorted since September 2015 is approximately 773,000 shares. Approximately 34.55% of daily trading volume is short selling. The SqueezeTrigger price for all WEYL shares shorted is $3.78. Shares of WEYL are expected to squeeze when they cross above the $3.78 SqueezeTrigger Price.
http://www.buyins.com/reports/weyl8-26-17.pdf
BUYINS.NET Issues Weyland Tech (WEYL) SqueezeTrigger Report
iCrowdNewswire - Aug 28, 2017 August 28, 2017 / M2 PRESSWIRE / BUYINS.NET, http://www.buyins.net, a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance, has initiated coverage on Weyland Tech (OTCQB: WEYL) after releasing the latest short sale data through August 25, 2017. The total aggregate number of shares shorted since September 2015 is approximately 773,000 shares. Approximately 34.55% of daily trading volume is short selling. The SqueezeTrigger price for all WEYL shares shorted is $3.78. Shares of WEYL are expected to squeeze when they cross above the $3.78 SqueezeTrigger Price.
http://www.buyins.com/reports/weyl8-26-17.pdf
[FONT=wf_segoe-ui_normal]Bloomberg News: Weyland Tech Inc. Eurozone Partner Announces New Business Win & Enters Talks With eSports Partner
[/FONT]eyland Tech Inc. Eurozone Partner Announces New Business Win & Enters Talks With eSports Partner HONG KONG -- (Marketwired) -- 08/29/17 -- Weyland Tech Inc. (OTCQB: WEYL) ("Weyland Tech" or the "Company"), a provider of mobile business applications, today announced that its exclusive eurozone partner, Augicom S.A., has entered into a partnership with Orange Pro. As part of this agreement, Weyland Tech's CreateApp will be made available to Orange Pro clients via "la Carte Pro" program or 'Pro Card' in English. On February 11, 2016, the Company signed an exclusive license agreement ("SLA") with Augicom SA of Switzerland ("Augicom") to market, sell and distribute the company's CreateApp platform in the Euro Zone, Madagascar and Tunisia. Augicom is an active provider of voice / data telecommunication minutes and has major partnerships with major European carriers including Orange, Colt Telecom, Deutsche Telekom and many others. The "Pro Card" program of Orange is a loyalty program for independent professionals and SMBs. Gilles Auclaire, Director of Augicom, commented: "We are extremely excited about the relationship with our Orange Pro partnership and believe that this is likely to become even stronger as commercial customer traction increases." It is believed that initial sales will begin the fourth quarter of 2017 or first quarter of 2018. Orange Pro operates under the business umbrella of Orange S.A., formerly France Telecom S.A., is a French multinational telecommunications corporation. It has 256 million customers worldwide and employs 95,000 people in France, and 59,000 elsewhere. In 2015, the group had revenues of EUR 40 billion. Orange S.A. is listed on the Euronext Stock Exchange under the symbol ORA and as an American Depository Receipt on the NYSE: ORAN. Additionally, the Company has begun exploratory discussions with an eSports video aggregation operator regarding a potential partnership and the building of an online betting app for the eSports industry. Due to the high growth of the eSports sector, we anticipate that the app would be marketed worldwide and find exposure through JV's with entities such as casinos and other gambling avenues. Further details will be released as progress is made. About Weyland Tech Inc. Weyland Tech's "CreateApp" platform focuses on the Asia markets. The CreateApp platform is offered in 12 languages and enables small-medium-sized businesses ("SMBs") to create a mobile application ("app") without the need of technical knowledge and background. SMBs can increase sales, reach more customers and promote their products and services with a simple easy to build mobile app at an affordable and cost-effective manner,http://www.weyland-tech.com/ Safe Harbor Statement 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." The statements regarding the continued growth of the mobile app segment and the ability of the Company to continue its expansion into that segment and the ability of the Company to attract customers and partners and generate revenues. Often these forward-looking statements are 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). Expressly, all forward-looking statements attributable to the Company or persons acting on its behalf are 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. Contact: info@weyland-tech.com www.weyland-tech.com[FONT=wf_segoe-ui_normal]
[/FONT]
[/FONT]eyland Tech Inc. Eurozone Partner Announces New Business Win & Enters Talks With eSports Partner HONG KONG -- (Marketwired) -- 08/29/17 -- Weyland Tech Inc. (OTCQB: WEYL) ("Weyland Tech" or the "Company"), a provider of mobile business applications, today announced that its exclusive eurozone partner, Augicom S.A., has entered into a partnership with Orange Pro. As part of this agreement, Weyland Tech's CreateApp will be made available to Orange Pro clients via "la Carte Pro" program or 'Pro Card' in English. On February 11, 2016, the Company signed an exclusive license agreement ("SLA") with Augicom SA of Switzerland ("Augicom") to market, sell and distribute the company's CreateApp platform in the Euro Zone, Madagascar and Tunisia. Augicom is an active provider of voice / data telecommunication minutes and has major partnerships with major European carriers including Orange, Colt Telecom, Deutsche Telekom and many others. The "Pro Card" program of Orange is a loyalty program for independent professionals and SMBs. Gilles Auclaire, Director of Augicom, commented: "We are extremely excited about the relationship with our Orange Pro partnership and believe that this is likely to become even stronger as commercial customer traction increases." It is believed that initial sales will begin the fourth quarter of 2017 or first quarter of 2018. Orange Pro operates under the business umbrella of Orange S.A., formerly France Telecom S.A., is a French multinational telecommunications corporation. It has 256 million customers worldwide and employs 95,000 people in France, and 59,000 elsewhere. In 2015, the group had revenues of EUR 40 billion. Orange S.A. is listed on the Euronext Stock Exchange under the symbol ORA and as an American Depository Receipt on the NYSE: ORAN. Additionally, the Company has begun exploratory discussions with an eSports video aggregation operator regarding a potential partnership and the building of an online betting app for the eSports industry. Due to the high growth of the eSports sector, we anticipate that the app would be marketed worldwide and find exposure through JV's with entities such as casinos and other gambling avenues. Further details will be released as progress is made. About Weyland Tech Inc. Weyland Tech's "CreateApp" platform focuses on the Asia markets. The CreateApp platform is offered in 12 languages and enables small-medium-sized businesses ("SMBs") to create a mobile application ("app") without the need of technical knowledge and background. SMBs can increase sales, reach more customers and promote their products and services with a simple easy to build mobile app at an affordable and cost-effective manner,http://www.weyland-tech.com/ Safe Harbor Statement 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." The statements regarding the continued growth of the mobile app segment and the ability of the Company to continue its expansion into that segment and the ability of the Company to attract customers and partners and generate revenues. Often these forward-looking statements are 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). Expressly, all forward-looking statements attributable to the Company or persons acting on its behalf are 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. Contact: info@weyland-tech.com www.weyland-tech.com[FONT=wf_segoe-ui_normal]
[/FONT]
| DAMS Consulting (@DAMSConsulting) | |||||
| 8/31/17, 9:24 AM $WEYL. Dope short sold another 70k below 3.25. My total close to 1m naked short going to be a nice squeeze
|
- have a great weekend!Weyland Tech commences trading on the OTCQX U.S. MarketMarketwiredSeptember 12, 2017HONG KONG--(Marketwired - Sep 12, 2017) - Weyland Tech, Inc. ( OTCQX : WEYL ), ("Weyland" or "Company") a provider of mobile business applications, has qualified to trade on the OTCQX® Best Market. Weyland Tech upgraded to OTCQX from the OTCQB® Venture Market.Weyland Tech begins trading today on OTCQX under the symbol "WEYL." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com. Weyland trades alongside over 400 U.S. and global securities on the OTCQX Market."We congratulate Weyland Tech on graduating from our OTCQB Venture Market to now trade on our OTCQX Best Market," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "OTCQX companies are distinguished by their high quality financial and operating standards and their commitment to providing a superior trading and information experience for their investors.""Upgrading to OTCQX is an important milestone for us, and puts Weyland Tech in the same market as many esteemed global companies, including some that are part of the Global Fortune 500. The combination of higher visibility and greater exposure to institutional investors is of paramount importance to our shareholders, management, and Board of Directors," comments Brent Suen, Chief Executive Officer of Weyland Tech.Weyland Tech was sponsored for OTCQX by Joseph Gunnar & Co., LLC, a qualified third-party firm responsible for providing guidance on OTCQX requirements and recommending membership.
Weyland Tech Appoints Strategic Advisor for Middle East and Africa Growth
MarketwiredSeptember 26, 2017
HONG KONG--(Marketwired - Sep 26, 2017) - Weyland Tech Inc. ( OTCQX : WEYL ) a global provider of mobile business applications, today announced that it has named Mr. Ghassan R. Saade as a strategic advisor for Weyland's expansion into the Middle East & Africa ("MEA").
"I am very enthused that Ghassan has agreed to join Weyland as we expand into the MEA," said Brent Suen, CEO, Weyland Tech. "His extensive experience in the Middle East and Africa will be a key advantage in enabling Weyland's expansion in the region."
Mr. Saade said, "I am proud to join the Weyland Tech team and excited to engage with the small and medium sized businesses that have so much to gain from developing their mobile presence using Weyland platforms, like CreateApp, to manage and grow their engagement with clients. Throughout my career I have always sought to structure transactions that benefit all parties and am looking forward to working with mobile operators, local ISP's, government agencies and other partners in the Middle East and Africa to bring Weyland's platform solutions to the local entrepreneurs and help them flourish in the digital economy.
"We know from recent research put out by McKinsey and Company last October that the Middle East is teaming with a 'tech-native and savvy youth' while only about 20% of SMB's have any digital presence. With respect to mobile, 'the United Arab Emirates, Qatar, and Bahrain are among the top countries in the world, with more than 100 percent smartphone penetration and more than 70 percent social media adoption -- even higher than the United States.' And according to research by Ovum, smartphone penetration rate will grow at 52.9% year-on-year in Africa where there are already 293.8 million smartphone users across the continent which is predicted to rise to 929.9 million by 2021."
Mr. Suen added, "This is a huge opportunity for Weyland. We expect these users to follow an earlier Asian trend where digital engagement is not just mobile first but in many countries mobile only. And those mobile customers want to engage with businesses natively on mobile just like in developed markets.
"This is one of the key reasons we have brought Ghassan on board to bring access to our technologies to the more than 19 million micro, small and medium enterprises that, according to the International Finance Corporation at the World Bank, call the region home.
"He will be responsible for advancing Weyland's solutions, beginning with a new regional partner, Iaxcess (http://iaxcess.net/) which currently delivers IT solutions to small businesses and large corporations in 11 countries. and developing additional partnerships with mobile operators, and pre-identified ISP's."
Mr. Saade immigrated to the US in 1978. His first foray into the telecommunications industry was building a small technical services company, Com-Tech International based in Seattle, WA, into an international telecommunications company, with sales of over $50,000,000. Com-Tech was ultimately sold to a company backed by early investors in MCI and Worldcom. Mr. Saade later served as a special representative to the International Telecommunications Union (The United Nations special agency responsible for information and communications technology matters). Since 2006, Mr. Saade has been active in international business development, working through the National US Arab Chamber of Commerce to promote U.S.-Arab business and investment opportunities for companies interested in trade between the Arab World and the United States.
About Weyland Tech Inc.
Weyland Tech's CreateApp platform is focused on the Asia markets. Our CreateApp platform offered in 12 languages, enables small and medium sized businesses ("SMB's") to create native mobile applications ("APP") 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 via simple easy to build mobile APPs in an affordable and cost-effective manner. https://finance.yahoo.com/news/weyland-tech-appoints-strategic-advisor-140727817.html
MarketwiredSeptember 26, 2017
HONG KONG--(Marketwired - Sep 26, 2017) - Weyland Tech Inc. ( OTCQX : WEYL ) a global provider of mobile business applications, today announced that it has named Mr. Ghassan R. Saade as a strategic advisor for Weyland's expansion into the Middle East & Africa ("MEA").
"I am very enthused that Ghassan has agreed to join Weyland as we expand into the MEA," said Brent Suen, CEO, Weyland Tech. "His extensive experience in the Middle East and Africa will be a key advantage in enabling Weyland's expansion in the region."
Mr. Saade said, "I am proud to join the Weyland Tech team and excited to engage with the small and medium sized businesses that have so much to gain from developing their mobile presence using Weyland platforms, like CreateApp, to manage and grow their engagement with clients. Throughout my career I have always sought to structure transactions that benefit all parties and am looking forward to working with mobile operators, local ISP's, government agencies and other partners in the Middle East and Africa to bring Weyland's platform solutions to the local entrepreneurs and help them flourish in the digital economy.
"We know from recent research put out by McKinsey and Company last October that the Middle East is teaming with a 'tech-native and savvy youth' while only about 20% of SMB's have any digital presence. With respect to mobile, 'the United Arab Emirates, Qatar, and Bahrain are among the top countries in the world, with more than 100 percent smartphone penetration and more than 70 percent social media adoption -- even higher than the United States.' And according to research by Ovum, smartphone penetration rate will grow at 52.9% year-on-year in Africa where there are already 293.8 million smartphone users across the continent which is predicted to rise to 929.9 million by 2021."
Mr. Suen added, "This is a huge opportunity for Weyland. We expect these users to follow an earlier Asian trend where digital engagement is not just mobile first but in many countries mobile only. And those mobile customers want to engage with businesses natively on mobile just like in developed markets.
"This is one of the key reasons we have brought Ghassan on board to bring access to our technologies to the more than 19 million micro, small and medium enterprises that, according to the International Finance Corporation at the World Bank, call the region home.
"He will be responsible for advancing Weyland's solutions, beginning with a new regional partner, Iaxcess (http://iaxcess.net/) which currently delivers IT solutions to small businesses and large corporations in 11 countries. and developing additional partnerships with mobile operators, and pre-identified ISP's."
Mr. Saade immigrated to the US in 1978. His first foray into the telecommunications industry was building a small technical services company, Com-Tech International based in Seattle, WA, into an international telecommunications company, with sales of over $50,000,000. Com-Tech was ultimately sold to a company backed by early investors in MCI and Worldcom. Mr. Saade later served as a special representative to the International Telecommunications Union (The United Nations special agency responsible for information and communications technology matters). Since 2006, Mr. Saade has been active in international business development, working through the National US Arab Chamber of Commerce to promote U.S.-Arab business and investment opportunities for companies interested in trade between the Arab World and the United States.
About Weyland Tech Inc.
Weyland Tech's CreateApp platform is focused on the Asia markets. Our CreateApp platform offered in 12 languages, enables small and medium sized businesses ("SMB's") to create native mobile applications ("APP") 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 via simple easy to build mobile APPs in an affordable and cost-effective manner. https://finance.yahoo.com/news/weyland-tech-appoints-strategic-advisor-140727817.html
[h=1]Weyland Tech (WEYL) EPS Estimated At $0.04; King Luther Capital Management Has Raised Visa (V) Stake By $824,538[/h]October 15, 2017 - By Adrian Mccoy
https://heraldks.com/weyland-tech-w...management-has-raised-visa-v-stake-by-824538/
Analysts expect Weyland Tech Inc (OTCMKTS:WEYL) to report $0.04 EPS on November, 13.WEYL’s profit would be $901,765 giving it 21.25 P/E if the $0.04 EPS is correct. After having $-0.03 EPS previously, Weyland Tech Inc’s analysts see -233.33% EPS growth. The stock increased 1.49% or $0.05 on October 13, reaching $3.4. About 4,625 shares traded or 39.48% up from the average. Weyland Tech Inc (OTCMKTS:WEYL) has 0.00% since October 15, 2016 and is . It has underperformed by 16.70% the S&P500.
Among 35 analysts covering Visa Inc. (NYSE:V), 29 have Buy rating, 0 Sell and 6 Hold. Therefore 83% are positive. Visa Inc. had 77 analyst reports since July 21, 2015 according to SRatingsIntel. Stifel Nicolaus maintained it with “Buy” rating and $105 target in Friday, February 3 report. Keefe Bruyette & Woods maintained Visa Inc (NYSE:V) on Friday, August 11 with “Buy” rating. The stock of Visa Inc (NYSE:V) earned “Buy” rating by Oppenheimer on Monday, July 17. The firm earned “Outperform” rating on Friday, April 21 by RBC Capital Markets. As per Wednesday, October 11, the company rating was maintained by Cowen & Co. The firm has “Buy” rating given on Thursday, September 28 by Cantor Fitzgerald. JP Morgan upgraded Visa Inc (NYSE:V) rating on Monday, June 6. JP Morgan has “Overweight” rating and $88 target. The firm earned “Mkt Perform” rating on Friday, July 24 by FBR Capital. The rating was maintained by Topeka Capital Markets with “Hold” on Friday, July 24. The firm has “Outperform” rating given on Monday, October 19 by Oppenheimer.
King Luther Capital Management Corp decreased Oxford Inds Inc (NYSE:OXM) stake by 7,625 shares to 31,905 valued at $1.99M in 2017Q2. It also reduced Abbott Labs (NYSE:ABT) stake by 38,113 shares and now owns 1.86M shares. Ishares Tr (ACWX) was reduced too.
By Adrian Mccoy
Weyland Tech Initiates Food Service Pilot in $500 Billion Dollar O2O Marketplace
MarketwiredOctober 17, 2017
MarketwiredOctober 17, 2017
HONG KONG--(Marketwired - Oct 17, 2017) - Weyland Tech Inc. ( OTCQX : WEYL ), a global provider of mobile business applications, announced today that its food services pilot program has launched.
In the pilot, announced in May, Weyland Tech is collaborating on developing Online-to-Offline ("O2O") applications initially targeting the food service industry.
"In our projections the revenue for the pilot alone, with just 3 food distributors, reaches a $250,000 annual run rate over the next 12 months. In the coming months, we will open the platform up to additional distributors and are targeting a $2,000,000 run rate exiting the first full year," said Brent Suen, Weyland's CEO. Suen continued, "We expect exponential growth as we open the platform up to the whole industry and add the business to consumer modules. We'll also take the lessons learned and modules built into our platforms in the United States and through our partners in international markets."
"In Hong Kong, where the trial is based, dining out in restaurants grew to over $13 billion last year; we want our mobile apps enabling transactions in that kind of growing marketplace. Southeast Asia has some of the highest rates for daily dining outside of the home in the world."
John MacNeil, Weyland Tech Director of Strategy and Capital Markets said, "We're really excited about the potential of online-to-offline in mobile applications. The pilot is B2B, as the platform develops we'll bring the same capabilities to B2C. Outside of the most developed Asian cities, millions of buyers are not directly served by Third Party Logistics providers ("3PL") but can reach centralized physical locations for pick-up. The solutions we are developing with Faith United will allow merchants to reach each other and online buyers and close sales that would not otherwise occur."
Mr. Suen added, "Most people today talk about online-to-offline as a strategy to bring online customers to brick and mortar. While the focus today is using online marketing and advertising to entice the customer to visit a physical store and make a purchase, the potential is so much larger."
"We think of online-to-offline broadly, using the same tools to generate any real world action. To Weyland, it's not just buying something in a store, it can be restocking product like we are doing with our Faith United trial, it can be getting people to come out to a concert, or to an eSports event to watch their favorite players live."
Mr. MacNeil continued, "Bain & Company, looked into this with Google, and what they found is a sizeable opportunity for O2O in Southeast Asia."
"Based on their March 2016 report, online retail penetration in the region was just 3%. In China and the US, it was 14% with online sales totaling $293 billion and $270 billion, respectively."
"We expect that the penetration of digital purchases and mobile purchases in particular will continue to grow rapidly. As only 100 Million of the approximately 400 Million Southeast Asian people aged 16-years of age or older made digital purchases that year, there is a lot of room for growth."
With this pilot program and the platform developed with Faith United, Weyland will begin to address just one of the O2O opportunities we see in the region. The trial will involve ordering and fulfillment of frozen foods to food distributors in Hong Kong. Following the trial, Weyland plans to extend the platform to B2C by approaching restaurants, factory kitchens and foodstuff manufacturers to expand their reach to individual and business consumers.
We look forward to providing updates as we make progress in this venture.
About Weyland Tech Inc.
Weyland Tech's CreateApp platform is focused on the Asia markets. Our CreateApp platform offered in 12 languages, enables small and medium sized businesses ("SMB's") to create native mobile applications ("APP") 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 via simple easy to build mobile APPs in an affordable and cost-effective manner.
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)
In the pilot, announced in May, Weyland Tech is collaborating on developing Online-to-Offline ("O2O") applications initially targeting the food service industry.
"In our projections the revenue for the pilot alone, with just 3 food distributors, reaches a $250,000 annual run rate over the next 12 months. In the coming months, we will open the platform up to additional distributors and are targeting a $2,000,000 run rate exiting the first full year," said Brent Suen, Weyland's CEO. Suen continued, "We expect exponential growth as we open the platform up to the whole industry and add the business to consumer modules. We'll also take the lessons learned and modules built into our platforms in the United States and through our partners in international markets."
"In Hong Kong, where the trial is based, dining out in restaurants grew to over $13 billion last year; we want our mobile apps enabling transactions in that kind of growing marketplace. Southeast Asia has some of the highest rates for daily dining outside of the home in the world."
John MacNeil, Weyland Tech Director of Strategy and Capital Markets said, "We're really excited about the potential of online-to-offline in mobile applications. The pilot is B2B, as the platform develops we'll bring the same capabilities to B2C. Outside of the most developed Asian cities, millions of buyers are not directly served by Third Party Logistics providers ("3PL") but can reach centralized physical locations for pick-up. The solutions we are developing with Faith United will allow merchants to reach each other and online buyers and close sales that would not otherwise occur."
Mr. Suen added, "Most people today talk about online-to-offline as a strategy to bring online customers to brick and mortar. While the focus today is using online marketing and advertising to entice the customer to visit a physical store and make a purchase, the potential is so much larger."
"We think of online-to-offline broadly, using the same tools to generate any real world action. To Weyland, it's not just buying something in a store, it can be restocking product like we are doing with our Faith United trial, it can be getting people to come out to a concert, or to an eSports event to watch their favorite players live."
Mr. MacNeil continued, "Bain & Company, looked into this with Google, and what they found is a sizeable opportunity for O2O in Southeast Asia."
"Based on their March 2016 report, online retail penetration in the region was just 3%. In China and the US, it was 14% with online sales totaling $293 billion and $270 billion, respectively."
"We expect that the penetration of digital purchases and mobile purchases in particular will continue to grow rapidly. As only 100 Million of the approximately 400 Million Southeast Asian people aged 16-years of age or older made digital purchases that year, there is a lot of room for growth."
With this pilot program and the platform developed with Faith United, Weyland will begin to address just one of the O2O opportunities we see in the region. The trial will involve ordering and fulfillment of frozen foods to food distributors in Hong Kong. Following the trial, Weyland plans to extend the platform to B2C by approaching restaurants, factory kitchens and foodstuff manufacturers to expand their reach to individual and business consumers.
We look forward to providing updates as we make progress in this venture.
About Weyland Tech Inc.
Weyland Tech's CreateApp platform is focused on the Asia markets. Our CreateApp platform offered in 12 languages, enables small and medium sized businesses ("SMB's") to create native mobile applications ("APP") 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 via simple easy to build mobile APPs in an affordable and cost-effective manner.
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)
SOURCE: Weyland Tech, Inc.
|
October 19, 2017 09:46 ET
[h=1]Weyland Tech Welcomes Veteran of World's Largest eSports League to Board of Advisors[/h]HONG KONG--(Marketwired - Oct 19, 2017) - Weyland Tech, Inc. (OTCQX: WEYL), a global provider of mobile business applications, is honored to announce today the addition of Mr. John Lee to its board of strategic advisors.
Mr. Lee is joining Weyland as a strategic advisor on eSports initiatives. Mr. Lee currently serves as CEO and Co-founder of kek eSports, an Asia based company with backing from globally recognized game investors including Initial Capital and Bitkraft Ventures. In addition to his role at kek eSports, he currently serves as Strategic Advisor and Honorary Chairman in Asia for ESL, the world's largest eSports league.
Mr. Lee previously served as the Chief Strategy Officer at GigaMedia, which was an early leader in the competitive gaming and eSports Asia market with select Asia market rights for titles such as Counter Strike Online, FIFA Online, Freestyle Basketball and Starcraft II. Earlier in his career, he was a senior associate at Softbank Venture Capital and an associate consultant at McKinsey & Company.
Mr. Lee commented, "I am excited to advise Weyland and help guide them in the growing eSports world, which has the potential to eclipse many traditional sports in the coming years."
Mr. Brent Suen, Weyland Tech's CEO, also commented on the addition, "I am thrilled that John has agreed to provide us with his guidance and insight into how to adapt our offerings for and engage eSports enthusiasts across the globe. His 15 years of experience in the games industry and competitive gaming will be invaluable as we develop tools for the eSports marketplace.
"John is a great friend and I am looking forward to working with him on this initiative. eSports enthusiasts, which itself is 191 million people or about half of the global audience of 385 million people, are a young technically minded audience with high mobile engagement in a growing marketplace. We need to make sure that our platforms are as useful to this young growing industry as they are to the more traditional businesses we already serve, and John has the expertise to help us navigate the multitude of opportunities for Weyland in eSports."
We look forward to providing additional updates on our eSports initiatives in the near future.
About Weyland Tech, Inc.
Weyland Tech's CreateApp platform is focused on the Asia markets. Our CreateApp platform, offered in 12 languages, enables small and medium sized businesses ("SMB's") to create native mobile applications ("APP") 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 via simple easy to build mobile APPs in an affordable and cost-effective manner.
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)
[FONT="][h=1]Weyland Tech's New Strategic Advisor Achieves Early Success in Fast Growing $20 Billion MENA Marketplace[/h]
[/FONT]
[FONT="]
MarketwiredOctober 31, 2017
[/FONT]
[FONT="]
HONG KONG--(Marketwired - Oct 31, 2017) - Weyland Tech Inc. ( OTCQX : WEYL ) ("Weyland Tech" or the "Company"), a global provider of mobile business applications announces that it has entered into a memorandum of understanding ("MOU") with partner iAXCESS ("iAXCESS").[/FONT]
[FONT="]"I want to congratulate and thank Ghassan Saade, who joined our strategic advisory board just a few weeks ago, for his success in working out the preliminary terms of our relationship with iAXCESS. Their footprint in the Middle East and North Africa ("MENA") makes an exciting starting point for CreateApp in the region, where ecommerce is expected to grow to $200 Billion through 2020," said Weyland CEO, Brent Suen.[/FONT]
[FONT="]Mr. Adnan Abu Sharar, CEO of IAXCESS, commented that, "According to the International Finance Corporation at the World Bank more than 19 million businesses call this region their home. We have already begun to speak with some of our larger customers about incorporating Weyland's technologies into their operations. The response has been positive. To say we are excited to bring the platform to our customers would be an understatement."[/FONT]
[FONT="]Mr. Suen continued, "iAXCESS is one of the top 10 Microsoft Solution Providers in the region and their customers are exactly the types of businesses that CreateApp was built for. We look forward to providing them the CreateApp platform as a valuable add-on for their clients and expanding our customer base to the millions of small businesses in the region. This relationship builds on our model of working with regional service providers to expand the reach of the CreateApp platform by accessing their existing customer relationships in a way that benefits both companies."[/FONT]
[FONT="]Ultimately, iAXCESS intends to utilize the Weyland Tech CreateApp platform for iAXCESS's m-Commerce app and will also provide the CreateApp platform on a white-label basis, as a branded app, to other industries in the MENA Region. This MOU lays the groundwork for the relationship by establishing the preliminary structural terms of the venture.[/FONT]
[FONT="]Weyland Tech looks forward to providing additional details as we move to a fully memorialized agreement.[/FONT]
[FONT="]About iAxcess
iAXCESS (www.iaxcess.net) is a value-added regional distributor for Security, Backup & Disaster Recovery, Business Continuity, DRaaS and Microsoft software solutions. iAXCESS was founded in 2003 and has local offices in the UAE, Jordan, KSA, Kuwait and Lebanon, servicing 11 countries throughout the Arab world. iAXCESS is among the Top 10 Microsoft Solution and Service Providers in MEA & GCC. iAXCESS is one of the top-rated Enterprise resource planning vendors in Dubai.[/FONT]
[FONT="]About Weyland Tech Inc.
Weyland Tech's CreateApp platform is focused on the Asia markets. Our CreateApp platform offered in 12 languages, enables small and medium sized businesses ("SMB's") to create native mobile applications ("APP") 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 via simple easy to build mobile APPs in an affordable and cost-effective manner.[/FONT]
[FONT="]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://finance.yahoo.com/news/weyland-techs-strategic-advisor-achieves-133000531.html?soc_src=community&soc_trk=ma://www.twitter.com/BrentSuenWEYL)
https://finance.yahoo.com/news/weyl...s-133000531.html?soc_src=community&soc_trk=ma[/FONT]
[/FONT]
[FONT="]
MarketwiredOctober 31, 2017
[/FONT]
[FONT="]
HONG KONG--(Marketwired - Oct 31, 2017) - Weyland Tech Inc. ( OTCQX : WEYL ) ("Weyland Tech" or the "Company"), a global provider of mobile business applications announces that it has entered into a memorandum of understanding ("MOU") with partner iAXCESS ("iAXCESS").[/FONT]
[FONT="]"I want to congratulate and thank Ghassan Saade, who joined our strategic advisory board just a few weeks ago, for his success in working out the preliminary terms of our relationship with iAXCESS. Their footprint in the Middle East and North Africa ("MENA") makes an exciting starting point for CreateApp in the region, where ecommerce is expected to grow to $200 Billion through 2020," said Weyland CEO, Brent Suen.[/FONT]
[FONT="]Mr. Adnan Abu Sharar, CEO of IAXCESS, commented that, "According to the International Finance Corporation at the World Bank more than 19 million businesses call this region their home. We have already begun to speak with some of our larger customers about incorporating Weyland's technologies into their operations. The response has been positive. To say we are excited to bring the platform to our customers would be an understatement."[/FONT]
[FONT="]Mr. Suen continued, "iAXCESS is one of the top 10 Microsoft Solution Providers in the region and their customers are exactly the types of businesses that CreateApp was built for. We look forward to providing them the CreateApp platform as a valuable add-on for their clients and expanding our customer base to the millions of small businesses in the region. This relationship builds on our model of working with regional service providers to expand the reach of the CreateApp platform by accessing their existing customer relationships in a way that benefits both companies."[/FONT]
[FONT="]Ultimately, iAXCESS intends to utilize the Weyland Tech CreateApp platform for iAXCESS's m-Commerce app and will also provide the CreateApp platform on a white-label basis, as a branded app, to other industries in the MENA Region. This MOU lays the groundwork for the relationship by establishing the preliminary structural terms of the venture.[/FONT]
[FONT="]Weyland Tech looks forward to providing additional details as we move to a fully memorialized agreement.[/FONT]
[FONT="]About iAxcess
iAXCESS (www.iaxcess.net) is a value-added regional distributor for Security, Backup & Disaster Recovery, Business Continuity, DRaaS and Microsoft software solutions. iAXCESS was founded in 2003 and has local offices in the UAE, Jordan, KSA, Kuwait and Lebanon, servicing 11 countries throughout the Arab world. iAXCESS is among the Top 10 Microsoft Solution and Service Providers in MEA & GCC. iAXCESS is one of the top-rated Enterprise resource planning vendors in Dubai.[/FONT]
[FONT="]About Weyland Tech Inc.
Weyland Tech's CreateApp platform is focused on the Asia markets. Our CreateApp platform offered in 12 languages, enables small and medium sized businesses ("SMB's") to create native mobile applications ("APP") 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 via simple easy to build mobile APPs in an affordable and cost-effective manner.[/FONT]
[FONT="]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://finance.yahoo.com/news/weyland-techs-strategic-advisor-achieves-133000531.html?soc_src=community&soc_trk=ma://www.twitter.com/BrentSuenWEYL)
https://finance.yahoo.com/news/weyl...s-133000531.html?soc_src=community&soc_trk=ma[/FONT]
