Forum: Financial Investment Forum. - Discuss Stocks, Cryptocurrency, And Other Financial Investments

Thread: For gamblers only, any in here ? GRSU

  1. #251  
    RX Junior Steiner69eR's Avatar
    Join Date
    Oct 2006
    Location
    Parts Unknown
    Posts
    1,850
    Volume drying up now. Wondering what drove that insane 3-4 days of volume...some saying that it was fake volume to mask ongoing dilution...really hope not.
    Reply With Quote  
     

  2. #252  
    RX Junior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    2,751
    Weyland Tech Inc. Launches Food Delivery Service in Indonesia with AtozGo

    Email Print Friendly 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
    Reply With Quote  
     

  3. #253  
    RX Junior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    2,751


    Sim Farar Joins Weyland Tech, Inc. Advisory Board

    Email Print Friendly 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
    Reply With Quote  
     

  4. #254  
    RX Junior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    2,751
    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
    Reply With Quote  
     

  5. #255  
    RX Junior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    2,751


    Weyland Tech Engages CMA to Lead New Investor and Public Relations Program

    Email Print Friendly Share
    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
    Reply With Quote  
     

  6. #256  
    RX Junior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    2,751


    Weyland Tech Appoints Capital Markets Veteran, Andre Peschong, to Advisory Board

    Email Print Friendly Share
    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
    Reply With Quote  
     

  7. #257  
    RX Junior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    2,751


    Weyland Tech Reports Q2 2019 Results; Recurring Revenue up 53% to $7.1 Million

    Email Print Friendly Share
    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.

    Management Commentary
    “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



    Reply With Quote  
     

  8. #258  
    RX Junior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    2,751


    Weyland's AtozPay and Grab Partner for Short-Distance Food Delivery Service in Jakarta

    Email Print Friendly 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 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.
    Email contact
    Media & Investor Contact
    Ronald Both or Grant Stude
    CMA
    Tel (949) 432-7566
    WEYL@cma.team
    Reply With Quote  
     

  9. #259  
    RX Junior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    2,751
    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.
    Reply With Quote  
     

  10. #260  
    RX Junior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    2,751
    inside purchase http://app.quotemedia.com/data/downl...-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
    Reply With Quote  
     

  11. #261  
    RX Junior Steiner69eR's Avatar
    Join Date
    Oct 2006
    Location
    Parts Unknown
    Posts
    1,850
    I can't get excited about $35K of purchases by the CEO when I'm holding close to that (LOL). I believe there's a holding period though, which is comforting.
    It does look like the volume has picked up today. Hopefully we can get some life here shortly.
    Nervous about continued dilution.
    Reply With Quote  
     

  12. #262  
    RX Junior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    2,751
    Weyland Tech Reports Preliminary Results for First Nine Months of 2019; Expects Revenue Up 42.6% to Record $24.6 Million

    GlobeNewswireOctober 18, 2019



    NEW YORK, Oct. 18, 2019 (GLOBE NEWSWIRE) -- Weyland Tech, Inc. (WEYL), a growing global provider of m-Commerce and fintech business enablement solutions with its CreateApp™ Platform-as-a-Service (PaaS), has reported selected preliminary unaudited financial results for the third quarter and nine months ended September 30, 2019.

    For the third quarter 2019, the company expects record revenue of approximately $9.0 million, which would represent an increase of 6.6% compared to the third quarter of 2018. For the first nine months of 2019, the company expects record revenue of approximately $24.6 million, which would represent an increase of 42.6% versus the same year-ago period. The company also expects to turn adjusted EBITDA positive in the third quarter.
    “These anticipated record results reflect the accelerating growth in our recurring revenue from CreateApp subscription fees,” said Brent Suen, CEO of Weyland Tech. “While we expect to generate positive adjusted EBITDA in the third quarter, we plan to continue to reinvest in efforts designed to gain customers and market share.”
    “The growth in recurring revenue was largely due to greater adoption of CreateApp by SMBs in our existing markets as driven by our highly-productive channel partners,” continued Suen. “The increased adoption included new customers as well as existing customers subscribing to additional features and modules. This momentum has continued into the fourth quarter, keeping us on track for another year of record growth.”
    The selected preliminary unaudited financial results set forth above are based solely on currently available information which has not been reviewed by the company’s independent auditors and is subject to change. Readers are cautioned not to place undue reliance on such selected preliminary unaudited financial results, which constitute forward looking statements as further described below.
    About Weyland Tech
    Weyland Tech, Inc. is a developer and global provider of mobile business software applications. The company operates its CreateApp™ platform-as-a-service (PaaS) 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.
    The company’s subsidiary, Weyland Indonesia Perkasa (WIP), operates AtozPay and AtozGo. The AtozPay mobile payments platform serves the burgeoning m-Commerce and e-Payment markets in Indonesia, the world’s fourth most populous country. AtozGo is a fast-growing short-distance food delivery service in Jakarta, Indonesia.
    For more information, visit www.weyland-tech.com.





    Reply With Quote  
     

  13. #263  
    RX Junior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    2,751
    WEYLAND TECH - WEYL OTCStock Up 30% - Trade AlertWatch For Breakout Above $0.50

    This stock is in a strong uptrend rising from $0.32 to current levels ,up 30% . The company recently exercised its options to acquire 31 % of AutoPay , an Asian pay by phone app creating a strong positive investor response

    Filings show the CEO, Brent Suen purchased 100,000 shares recently .


    These shares are highly volatile and closely held as evidenced by its dramatic run in June 2019 from $0.30 to $1.00. At one time these shares traded over $5.00

    We have issued a trading alert on these shares due to recent activity in the stocks activity and Weylands purchase of 31% of the AutoPay app.

    THE TRADE : We are purchasing these shares at current levels and will average up on any breakout above $0.50 . We will STOP OUT at $0.34 . This is a High Risk Trade






    Author of this article owns these shares.

    Weyland Tech to Acquire 31% Ownership of AtozPay and AtozGo

    NEW YORK, Oct. 03, 2019 (GLOBE NEWSWIRE) -- Weyland Tech (OTCQX: 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-growing AtozPay and AtozGo platforms.
    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 recently announced it joined forces with Grab, 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 our CreateApp PaaS 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, visit www.weyland-tech.com.

    Neither PSN nor its owners, members, officers, directors, partners, consultants, nor anyone involved in the publication of this website, is a registered investment adviser or broker-dealer or associated person with a registered investment adviser or broker-dealer and none of the foregoing make any recommendation that the purchase or sale of securities of any company profiled in the PSN website is suitable or advisable for any person or that an investment or transaction in such securities will be profitable. The information contained in the PSN website is not intended to be, and shall not constitute, an offer to sell nor the solicitation of any offer to buy any security. The information presented in the PSN website is provided for informational purposes only and is not to be treated as advice or a recommendation to make any specific investment. Please consult with an independent investment adviser and qualified investment professional before making an investment decision.
    http://www.wallstreetresearcher.com/...0Breakout.html
    Reply With Quote  
     

  14. #264  
    RX Junior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    2,751
    Weyland (OTC: WEYL) Poised for an Acquisition from Venture Backed Jakarta Based Grab

    October 20, 2019Mike Sheikh

    http://psinvestor.com/weyland-otc-we...ta-based-grab/
    Reply With Quote  
     

  15. #265  
    RX Junior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    2,751
    Weyland Tech to Present at 12th Annual LD Micro Main Event on December 10-12, 2019




    ACCESSWIRENovember 14, 2019



    NEW YORK, NY / ACCESSWIRE / November 14, 2019 /Weyland Tech, Inc.(WEYL), a growing global provider of m-Commerce and fintech business enablement solutions with itsCreateApp™Platform-as-a-Service (PaaS), has been invited to present at the 11th Annual LD Micro Main Event institutional investor conference being held on December 10-12, 2019 at the Luxe Sunset Bel Air Hotel in Bel Air, California.
    Weyland CEO Brent Suen is scheduled to present on Wednesday, December 11, at 8:40 a.m. Pacific time and participate in one-on-one meetings with institutional analysts and investors throughout the day. The presentation will be also webcast live and available for replayhereand via the investor relations section of the company's website atweyland-tech.com.
    Management will discuss the accelerating growth in the company's recurring revenue from CreateApp subscription fees. The company recentlyannouncedit expects to record revenue for the third quarter and first nine months of 2019, and turn adjusted EBITDA positive in the third quarter. Weyland is also in the application process for an uplist to the Nasdaq Stock Market.
    Since the beginning of October, Suen has purchased on the open market 99,000 shares of the company common stock, which has been reported on Form 4 and filed with the U.S. Securities and Exchange Commission. Pursuant to Weyland Tech's insider trading rules, company insiders who purchase the company's common stock are required to hold it for a minimum of two years.
    The LD Micro Main Event is one of the nation's largest independent conferences for micro-cap companies, with over 250 names presenting to more than 1,300 attendees. The conference will also feature a variety of speakers and panelists discussing topics of interest to investors and issuers, as well as evening social events.
    To schedule a one-on-one meeting with Weyland, you may submit your request online via the link provided upon registration. To register for the conference, contact David Scher atdavid@ldmicro.comor visitwww.ldmicro.com/events. For any questions about the company, contact Ron Both of CMA at (949) 432-7557 or submit your requesthere.
    View Weyland's LD Micro profile here:https://www.ldmicro.com/profile/WEYL
    Profiles poweredby LD Micro- News Compliments ofAccesswire
    About LD Micro
    LD Micro was founded in 2006 with the sole purpose of being an independent resource in the microcap space. What started out as a newsletter highlighting unique companies has transformed into several influential events annually (Invitational, Summit, and Main Event). In 2015, LDM launched the first pure microcap index (the LDMi) to exclusively provide intraday information on the entire sector. LD will continue to provide valuable tools for the benefit of everyone in the small and micro-cap universe. For more information about LD Micro, go towww.ldmicro.com/events.
    About Weyland Tech
    Weyland Tech, Inc. operates as a Fintech focused company and is a developer and global provider of mobile business software applications. The company operates its CreateApp™ platform-as-a-service (PaaS) 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.
    The company's subsidiary, Weyland Indonesia Perkasa (WIP), operatesAtozPayand AtozGo. The AtozPay mobile payments platform serves the burgeoning m-Commerce and e-Payment markets in Indonesia, the world's fourth most populous country.AtozGois a fast-growing short-distance food delivery service in Jakarta, Indonesia.
    For more information, visitwww.weyland-tech.com.
    Reply With Quote  
     

  16. #266  
    RX Junior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    2,751


    Weyland Tech Reports Q3 2019 Results; Revenue at Record $9.0 Million

    Email Print Friendly Share
    November 15, 2019 07:00 ET | Source: Weyland Tech Inc.


    NEW YORK, Nov. 15, 2019 (GLOBE NEWSWIRE) -- Weyland Tech, Inc. (OTCQX: WEYL), a growing global provider of m-Commerce and fintech business enablement solutions with its CreateApp™ Platform-as-a-Service (PaaS), reported results for the third quarter ended September 30, 2019. All quarterly comparisons are to the same period in 2018 unless otherwise noted.
    Q3 2019 Highlights

    • Revenue, comprised of recurring subscription fees, totaled a record $9.0 million, up 26% from the previous quarter and up 7% from the year-ago quarter.
    • Net loss improved 35% from the previous quarter and 46% from the year-ago quarter to a loss of $1.1 million or $(0.01) per share.
    • Turned adjusted EBITDA positive during the final month of the quarter (see definition of this non-GAAP term, below.)
    • Increased adoption of the company’s CreateApp mobile app solution for SMBs, which included new customers as well as existing customers subscribing to additional features and modules.
    • Partnered in the launch of AtozGo™, a short distance food delivery service in Jakarta, Indonesia, followed by joining forces with Grab, the leading online-to-offline mobile platform in Southeast Asia, to market the service. AtozGo addresses 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. In three months since launch, lunchtime deliveries have scaled to more than 10,000 per day for 35,000 customers.
    • Appointed Sim Farar and Andre Peschong to the company’s advisory board. Farar’s 30 years of experience in both public and private sectors, along with Peschong’s more than 25 years of senior management and capital markets experience, will provide the board with important insights and guidance as it pursues its plans for organic and acquisitive growth.
    • Raised gross proceeds of approximately $6.4 million In a private placement offering.
    • Cash and cash equivalents totaled $5.8 million at September 30, 2019.

    Subsequent Events

    • Subsequent to the end of the third quarter, Weyland acquired 31% beneficial ownership in the owner and operator of AtozGo as well as the AtozPay™ mobile payment platform that powers AtozGo transactions.

    Management Commentary
    “In Q3, our topline performance was driven by growth in CreateApp subscription fees, which was due to greater adoption of our CreateApp Platform-as-a-Service by SMBs in our existing markets,” said Brent Suen, president and CEO of Weyland Tech.
    “Driven primarily by our highly-productive channel partners, the increased adoption included new customers as well as existing customers subscribing to additional features and modules. These results helped us turn positive in terms of adjusted EBITDA in the last month of the quarter. This momentum has continued into the fourth quarter, keeping us on track for another year of record growth and shareholder value creation.
    “We recently exercised our option to acquire 31% beneficial ownership of PT Weyland Indonesia Perkasa (WIP), owner and operator of the fast-growing AtozPay and AtozGo platforms. AtozGo's unique runner-based approach to urban food delivery is quickly capturing a huge untapped market.
    “Jakarta’s population of 30 million, with another 3.5 million commuting daily, made the city an ideal location to launch the AtozGo delivery service. Within three months from launch, AtozGo has attracted more than 35,000 customers and continues to grow at a parabolic rate. We expect this rapid ramp up to pave the way for greater visibility with potential acquirers, like other major food delivery service providers who traditionally operate in areas that require motorized delivery. Valuations of app-based food delivery services average $330 per user, implying a current stand-alone valuation of AtozGo of more than $10 million.
    “AtozPay’s consumer-facing fintech solution supports users on our CreateApp PaaS platform by providing e-payment capabilities. Given the strong growth in AtozPay and AtozGo, along with the participation with major partners like Grab, we believe our new ownership position substantially enhances Weyland Tech’s shareholder value.
    “For Weyland, we’re seeing more than $32 million in recurring revenue on a trailing 12-month basis. The market valuation for a company like ours with a 100% subscription-based recurring revenue stream should garner a several times multiple in its price-to-revenue ratio, rather than merely a fraction as it does today.
    “In fact, publicly traded SaaS and PaaS companies typically trade on average at around 10x revenue, with other microcap comparables trading around 4x revenue on average. Companies with software subscription-based models attract higher multiples due to their ‘stickier,’ higher-margin customer engagements that provide greater transparency into revenue and profitability.
    “Given these factors, it appears that the market price of our stock does not reflect our financial performance, the quality of our revenue, and the strong prospects for our growth to accelerate over the coming quarters. However, we believe as we continue to execute on our growth plans and raise our profile in U.S. investment community, our valuation will eventually follow suit. This conclusion supported my decision in October to personally acquire nearly 100,000 shares of WEYL off the open market, with an eye to making additional purchases in the future.
    “In terms of business growth and expansion, we will continue to focus on supporting our channel partners in enhancing platform offerings. We expect margins to improve as we introduce more value-added services and increase our revenue base. We are also continuing to evaluate a number of attractive merger and acquisition opportunities, including potential strategic entry points for bringing our award winning CreateApp platform to the U.S. market which is becoming increasingly mobile-centric.
    “Given our momentum and proven differentiated products and strategies addressing large and growing global markets, we remain on track for another year of double-digit growth and a strong start to the new year.”
    Q3 Financial Summary

    Revenue increased 7% to a record $9.0 million in the third quarter of 2019, as compared to $8.4 million in the same period last year. The increase was due to service revenue from customers in targeted emerging markets at lower price points.
    Gross profit was $1.6 million or 17.7% of revenues as compared to $7.4 million or 87.7% of revenue in the year-ago quarter. The decrease was primarily due to a reclassification of certain R&D and sales and marketing expenses to be included in cost of services, which was enacted in the first quarter of 2019. Weyland believes the reclassification represents a more conservative approach given that its PaaS business model uses distribution partners to sell its services.

    Total operating expenses decreased to $2.7 million from $9.4 million in the same year-ago period. The decrease was primarily due the reclassification of certain expenses to cost of services.

    General and administrative (G&A) expenses increased 52% to $1.6 million in the third quarter 2019 from $1.0 million in the same year-ago quarter. G&A expenses in the third quarter of 2019 included $286,000 in stock-based compensation as compared to $257,000 in the same year-ago quarter.
    Research and development expense decreased 75% to $1.1 million in the third quarter of 2019, as compared to $4.5 million in the same year-ago period. Sales and marketing expenses in the third quarter of 2019 decreased to zero as compared to $3.8 million in the year-ago quarter. The decreases were primarily due to the reclassification of certain expenses to be included in cost of services.
    Net loss improved to $1.1 million or $(0.01) per basic and diluted share from a net loss of $2.0 million or $(0.05) per basic and diluted share in the same year-ago period.
    At September 30, 2019, cash, cash equivalents and marketable equity securities totaled $5.8 million, compared to $5.3 million on June 30, 2019. The increase was primarily the result of proceeds from an equity offering.
    Nine Month Financial Summary
    Revenue increased 43% to a record $24.6 million in the first nine months of 2019, as compared to $17.3 million in the same period last year. The increase was due to service revenue from customers in targeted emerging markets at lower price points.
    Gross profit decreased 71% to $4.4 million or 17.7% of revenue compared to $15.2 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 62% to $7.2 million from $18.7 million in the same year-ago period. The decrease was primarily due to the aforementioned reclassification of certain expenses.

    General and administrative expenses increased 35% to $3.5 million in the third quarter 2019 from $2.6 million in the same year-ago quarter. G&A expenses in the first nine months of 2019 included $1.5 million in stock-based compensation as compared to $1.2 million in the first nine months of 2018.
    Research and development expense decreased 60% to $3.2 million in the third quarter of 2019, as compared to $8.1 million in the same year-ago period. Sales and marketing expenses for the nine months of 2019 were $390,000, as compared to $7.8 million in the same year-ago period. The decreases were primarily due to a reclassification of certain R&D and sales and marketing expenses.
    Net loss was $2.8 million or $(0.06) per basic and fully diluted share, compared to net loss of $3.6 million or $(0.13) per basic and fully diluted share in the same year-ago period.
    Conference Call
    Weyland management will host a conference call to discuss its third quarter 2019 results tomorrow morning, followed by a question and answer period.
    Date: Friday, November 15, 2019
    Time: 10:00 a.m. Eastern time (7:00 a.m. Pacific time)
    Toll-free dial-in number: 1-888-394-8218
    International dial-in number: 1-323-701-0225
    Conference ID: 7147694

    Please call the conference telephone number five minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact CMA at 1-949-432-7566.
    A replay of the call will be available after 7:30 p.m. Eastern time on the same day through November 29, 2019, as well as available for replay via the Investors section of the Weyland website at www.weyland-tech.com/ir.
    Toll-free replay number: 1-844-512-2921
    International replay number: 1-412-317-6671
    Replay ID: 7147694

    About Weyland Tech
    Weyland Tech, Inc. operates as a Fintech focused company and is a developer and global provider of mobile business software applications. The company operates its CreateApp™ platform-as-a-service (PaaS) 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.
    The company’s subsidiary, Weyland Indonesia Perkasa (WIP), operates AtozPay and AtozGo. The AtozPay mobile payments platform serves the burgeoning m-Commerce and e-Payment markets in Indonesia, the world’s fourth most populous country. AtozGo is a fast-growing short-distance food delivery service in Jakarta, Indonesia.
    For more information, visit www.weyland-tech.com.
    About the Use of Non-GAAP Financial Measures
    Weyland management believes the use of adjusted EBITDA is helpful to assessing the company’s financial performance. The company defines adjusted EBITDA as income before interest and financing expense, provision for income taxes, depreciation and amortization, stock-based compensation and acquisition expense.

    Adjusted EBITDA is not a measurement of financial performance under generally accepted accounting principles in the United States or GAAP. Because of varying available valuation methodologies, subjective assumptions and the variety of equity instruments that can impact a company’s non-cash operating expenses, management believes that providing a non-GAAP financial measure that excludes non-cash and non-recurring expenses allows for meaningful comparisons between the company’s core business operating results and those of other companies, as well as providing an important tool for financial and operational decision making and for evaluating the company’s own core business operating results over different periods of time.
    The company’s adjusted EBITDA measure may not provide information that is directly comparable to that provided by other companies in its industry, as other companies in the industry may calculate non-GAAP financial results differently, particularly related to non-recurring, or unusual items. The company’s EBITDA measurement of financial performance under GAAP and should not be considered as an alternative to operating income or as an indication of operating performance or any other measure of performance derived in accordance with GAAP. The company does not consider adjusted EBITDA to be a substitute for, or superior to, the information provided by GAAP financial results.
    The company expects to include adjusted EBITDA in its future financial reporting, which will include a reconciliation to the nearest GAAP measure. For the third quarter 2019, the company has reported that it believes it turned positive during the last month of the quarter, but it is not providing a reconciliation to nearest GAAP measure in this press release since it would require unreasonable efforts to report a reconciliation of the entirely of this information for the singular month and for the anticipated reporting of adjusted EBITDA in future periods.
    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
    Reply With Quote  
     

  17. #267  
    RX Junior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    2,751


    Weyland Tech President and CEO Purchases 900,000 Shares of Company Stock

    Email Print Friendly Share
    November 19, 2019 08:31 ET | Source: Weyland Tech Inc.


    NEW YORK, Nov. 19, 2019 (GLOBE NEWSWIRE) -- Weyland Tech, Inc. (OTCQX: WEYL), a leading global provider of m-Commerce and fintech business enablement solutions with its Platform-as-a-Service (PaaS), reported that its president and CEO, Brent Suen, purchased 900,000 shares of Weyland common stock from a private investor at an average price of $0.35 per share. The transaction was reported to the U.S. Securities and Exchange Commission (SEC) on Form 4 earlier today.
    “We recently reported 26% sequential topline growth for the third quarter of 2019, reaching a record $9.0 million, and we turned adjusted EBITDA positive,” commented Suen. “On a trailing 12-month basis, we’re at $32 million in revenue. Compared to our peers, the market valuation for a company like ours with a 100% subscription-based recurring revenue stream and growing at this rate should garner a several times multiple in its price-to-revenue ratio, rather than merely a fraction as it does today.”
    Publicly-traded SaaS/PaaS companies typically trade on average at around 10x revenue according to Crunchbase, with other microcap comparables trading around 4x revenue on average. Companies with cloud-based software or software-driven platform-as-a-service models attract higher multiples due to ‘stickier,’ higher-margin customer engagements that provide greater transparency into revenue and profitability.
    “We are encouraged by the increasing number of small-and-medium sized businesses coming onto our CreateApp platform, as well as existing customers’ rapid adoption of new features and modules,” continued Suen. “Given all of these factors, I believe the market price of our stock does not reflect our financial performance, the quality of our revenue, and the strong prospects for our growth to accelerate over the coming quarters. As a result, I have continued to invest personally in WEYL.”
    In October, Suen purchased from the open market 99,000 shares of the company common stock, which was also reported on Form 4. Suen now holds 2,832,000 shares of Weyland stock. Pursuant to Weyland Tech’s insider trading rules, company insiders who purchase the company’s common stock from any source are required to hold it for a minimum of two years.
    The company is preparing for an uplist to the Nasdaq Stock Market, where it expects to attract the attention of a broader base of investors, particularly institutional and family offices.
    “These stock purchases demonstrate my confidence in our future and the growing market opportunities ahead of us,” added Suen, “and not only for Weyland’s CreateApp, but also for our subsidiary, AtozPay, its new venture with AtozGo and marketing partnership with Grab.”
    About Weyland Tech
    Weyland Tech, Inc. operates as a Fintech focused company and is a developer and global provider of mobile business software applications. The company operates its CreateApp™ platform-as-a-service (PaaS) 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.
    The company’s subsidiary, Weyland Indonesia Perkasa (WIP), operates AtozPay and AtozGo. The AtozPay mobile payments platform serves the burgeoning m-Commerce and e-Payment markets in Indonesia, the world’s fourth most populous country. AtozGo is a fast-growing short-distance food delivery service in Jakarta, Indonesia.
    For more information, visit www.weyland-tech.com.
    Reply With Quote  
     

  18. #268  
    RX Junior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    2,751


    Weyland Tech to Acquire U.S. eCommerce Platform to Support North American CreateApp Launch and New Service Offerings for SMBs Globally

    Email Print Friendly Share
    November 26, 2019 08:31 ET | Source: Weyland Tech Inc.


    NEW YORK, Nov. 26, 2019 (GLOBE NEWSWIRE) -- Weyland Tech, Inc. (OTCQX: WEYL), a leading global Platform-as-a-Service (PaaS) provider of m-Commerce and fintech business enablement solutions, has agreed to acquire the assets and operations of Push Holdings, a subsidiary of ConversionPoint Technologies, in a stock transaction.
    Weyland anticipates the additional revenue stream, synergistic product offerings and entry into the U.S. market provided by the acquisition will drive more than 100% top-line growth in 2020. Weyland recently reported trailing 12-month subscription-based revenues of more than $32 million and turned adjusted EBITDA positive.
    Founded in 2009, Push Holdings is the owner of the eCommerce technology company, Push Interactive, which has 20 full-time employees headquartered in Minneapolis, Minn. Push’s direct-to-consumer eCommerce platform provide an end-to-end solution for SMBs and major brands to dramatically increase online revenue and lower their cost of customer acquisition.
    The Push technology platform includes comprehensive customer acquisition capabilities, highly productive media and channel strategies, well-tuned product promotion and messaging, and sales funnel development and optimization. Post sale, Push supports fulfillment, customer relationship management, and further monetization through reengagement and remarketing toolsets that enhance customer life time value (LTV). The company developed these SaaS-based solutions in-house, with more than $10 million invested in platform development and eight years of real-world use.
    “This will be a transformative acquisition for Weyland in many respects,” said Brent Suen, CEO of Weyland Tech. “Every element of Push’s eCommerce platform is highly synergistic to our existing mCommerce technologies, particularly CreateApp and AtozGo. Our respective offerings are mobile-friendly and provide complementary products and services, and our similar technology and revenue models can be seamlessly integrated into a single platform.”
    The integration of the Weyland and Push platforms is expected to greatly enhance the value proposition for the combined existing and prospective customers. It will create significant cross-selling opportunities, including using CreateApp and AtozPay to support U.S.-based projects and campaigns for existing Push enterprise customers and campaigns.
    “Push provides Weyland a well-established beachhead in North America, allowing us to attract new users to CreateApp and AtozPay quickly and cost-efficiently,” continued Suen. “This includes greatly reduced customer acquisition costs that we couldn’t have achieved on our own. Together, we will be able to better assist businesses and brands to increase sales, reach more customers, manage logistics, and promote their products and services in an easy, affordable and highly efficient way.”
    For CreateApp, U.S. customer acquisition costs previously appeared too high to make entry economically feasible, estimated at $2-$3 per dollar generated. However, by leveraging Push’s well-established and highly efficient technology and operational resources, customer acquisition cost is expected to be as little as $0.30 on the dollar. The merger of the two platforms is also is expected to create additional economies of scale for furthering enhancing gross margins.
    According to Haig Newton, co-founder, CEO and president of Push Holdings: “Weyland’s technology is extremely complementary to the Push Interactive platform. CreateApp requires literally no technical understanding or skills in app design for anyone to build a full-featured custom app in less than two hours. This means we can offer a Shopify-like solution that enables businesses and brands to establish a mobile presence in a DIY fashion. Then with the layered integration of Push, users gain a fully end-to-end mCommerce solution supported by a team of expert digital media marketers that can enhance visibility, traffic and ultimately conversions.”
    As part of a public company, Push will gain easier access to growth capital and be better able to attract additional employee talent. Push will also be able to leverage the cost efficiencies and diverse capabilities of Weyland’s 200-person technology and software development team in Jaipur, India, while Weyland gains extensive technical and software development expertise from Push.
    Weyland plans to introduce CreateApp to the U.S. market with a pilot launch planned for the first quarter of 2020. The company sees the North American market supporting a higher price point for subscription fees as compared to its current market in Southeast Asia. A comparative revenue model of a U.S. peer is reportedly supporting 96,000 users at $300 each per month. This compares to CreateApp’s present subscription model for Southeast Asia of only $12-$80 per month, depending on modules implemented.
    “Our initial work with Push to introduce CreateApp in the U.S. is actually what led to this strategic acquisition, so we have already made significant progress in this regard,” added Suen. “We now have a tremendously expanded market opportunity for CreateApp and AtozPay, especially as eCommerce becomes increasingly mobile in the U.S. Our revenue model indicates that U.S. CreateApp subscription revenues alone could exceed $5 million by end of 2020, with this in addition to potential new Push offerings accessed by our existing international SMB customer base, as well as new AtozPay eWallet and mobile pay integrations.”
    Weyland also expects the acquisition to support its planned Nasdaq up list, while improving liquidity and valuation. It expects Push to be accretive to earnings in the first full quarter as part of Weyland. The acquisition includes approximately $2 million in cash on Push’s balance sheet to support the transition and integration.
    The acquisition is subject to execution of a long-form purchase agreement that will contain certain closing conditions, with this expected to be completed prior to yearend. Additional details about the transaction are provided in a Form 8-K, available at www.sec.gov and the investor relations section of Weyland Tech’s website at weyland-tech.com.
    About Weyland Tech
    Weyland Tech a developer and global provider of mobile business software applications. The company operates its CreateApp™ platform-as-a-service (PaaS) 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, CreateApp 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.
    The company’s subsidiary, Weyland Indonesia Perkasa (WIP), operates AtozPay™ and AtozGo™. The AtozPay mobile payments platform serves the burgeoning m-Commerce and e-Payment markets in Indonesia, the world’s fourth most populous country. AtozGo is a fast-growing short-distance food delivery service operated in Jakarta, Indonesia.
    Reply With Quote  
     

  19. #269  
    RX Junior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    2,751


    Weyland Tech’s AtozGo Food Delivery Service Surpasses 49,500 Customers and 14,500 Daily Deliveries in Just Four Months Since Launch

    Email Print Friendly Share
    November 29, 2019 08:31 ET | Source: Weyland Tech Inc.


    NEW YORK, Nov. 29, 2019 (GLOBE NEWSWIRE) -- Weyland Tech, Inc. (OTCQX: WEYL), a leading global Platform-as-a-Service (PaaS) provider of m-Commerce and fintech solutions, reported that its AtozGo ™ local food delivery service in Jakarta, Indonesia, has reached a registered customer base of 49,500 mobile users and 14,500 deliveries per day after only four months since its inaugural launch in July.
    Powered by Weyland’s m-Commerce technology and the AtozPay™ mobile payment platform, AtozGo allows office workers and city dwellers to order food delivered from their local favorite restaurants. Using their smartphone, they can browse menus, easily order and pay using their AtozPay e-Wallet, and track deliveries to their door. AtozGo saves the hassle of going out and waiting in line, while providing a fast and easy way for others to make extra money in their spare time or even full time.
    Unlike other local food delivery services, such as GrabFood, AtozGo increases the potential number of available delivery people by not requiring they have a motor vehicle. They simply need to be within walking distance of the customer and local food establishments. This helps make the service a more affordable and faster option for urban consumers.
    Jakarta was an ideal location to introduce AtozGo, with a residential population of 30 million and 3.5 million commuters. The company’s runner-based approach in densely populated urban center like Jakarta reduced the typical food delivery time by a third, or to about 15 minutes, as compared to competing services.
    “AtozGo’s unique approach and phenomenal growth is generating a tremendous amount of value,” noted Weyland Tech CEO, Brent Suen. “Looking at global competitors like Uber Eats or DoorDash, and even down to local competitors in Southeast Asia, such as GrabFood or Go-Foods, their average value per user is around $330. This implies a stand-alone valuation for AtozGo of more than $16 million, and we’ve only just begun. Jakarta is just the starting point, with many other cities that are ideal for expansion.”
    AtozGo is currently adding about 1,000 new customers daily using innovative marketing programs to drive user growth. As it introduces these promotions to more population dense areas of Jakarta, it expects to increase this rate to 2,000-3,000 per day by the end of the first quarter of 2020.
    “Given the broad market opportunity in Southeast Asia alone,” added Suen, “we see AtozGo on track to reach more than 250,000 food deliveries per day, with a customer base topping 1 million by the end of next year.”
    The food delivery service market in Southeast Asia is estimated at around $13 billion annually. According to Frost & Sullivan, globally the sector is growing at a 14% compounded annual growth rate (CAGR) and is expected to reach $200 billion by 2025.
    Through its subsidiary, Weyland Indonesia Perkasa, Weyland Tech owes 31% of AtozPay and AtozGo. Customers acquired through these mobile platforms also present the opportunity to introduce Weyland Tech’s CreateApp mobile app development solution to area merchants and small to medium businesses (SMBs).
    Earlier this week, Weyland Tech announced plans to acquire Minneapolis-based Push Holdings. The Push Interactive eCommerce platform is highly synergistic and complementary to Weyland’s mobile technology, and provides Weyland a well-established U.S. operational platform to introduce its products and service to North America at a lower cost of customer acquisition and with higher subscription price points.

    About Weyland Tech
    Weyland Tech a developer and global provider of mobile business software applications. The company operates its CreateApp™ platform-as-a-service (PaaS) 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, CreateApp 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.
    The company’s subsidiary, Weyland Indonesia Perkasa (WIP), operates AtozPay ™ and AtozGo™. The AtozPay mobile payments platform serves the burgeoning m-Commerce and e-Payment markets in Indonesia, the world’s fourth most populous country. AtozGo is a fast-growing short-distance food delivery service operated in Jakarta, Indonesia.
    For more information, visit 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 ability of the Company to successfully integrate Push, 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
    Reply With Quote  
     

  20. #270  
    RX Junior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    2,751


    Weyland Tech CEO to Discuss Company’s Rapid Growth in Interview Webcasted Live Today by The Wall Street Resource at 4:30 p.m. EST

    Email Print Friendly Share
    December 03, 2019 08:31 ET | Source: Weyland Tech Inc.


    NEW YORK, Dec. 03, 2019 (GLOBE NEWSWIRE) -- The CEO of Weyland Tech, Inc. (OTCQX: WEYL), a leading global Platform-as-a-Service (PaaS) provider of m-Commerce and fintech solutions, will be featured in a live interview by The Wall Street Resource at 4:30 p.m. EST (1:30 p.m. PST) today.

    The interview of CEO Brent Suen will be webcasted and available for replay here, as well as via the Investors section of the company’s website at weyland-tech.com.
    Suen is expected to discuss Weyland Tech’s accelerating growth in CreateApp™ PaaS subscription fees from SMBs in Southeast Asia, its planned entry into the North American market via a strategic acquisition that is expected to double revenues in 2020, as well as the rapid expansion of its AtozGo™ food delivery service.
    The company recently announced record results for the third quarter of 2019, with revenue up 26% sequentially to $9.0 million and trailing 12-months revenue at more than $30 million. It also turned adjusted EBITDA positive.
    Last week, Weyland Tech announced plans to acquire Minneapolis-based Push Holdings. The Push Interactive eCommerce platform is highly synergistic and complementary to Weyland’s mobile technology, and provides Weyland a well-established U.S. operational platform to introduce its products and service to North America with a lower cost of customer acquisition and at higher subscription price points.
    Also last week the company reported that its AtozGo™ food delivery service in Jakarta, Indonesia, has reached a registered customer base of 49,500 mobile users and 14,500 deliveries per day after only four months since launching in July.
    According to Suen, AtozGo’s unique approach and phenomenal growth is generating a tremendous amount of value for Weyland. Looking at global competitors like Uber Eats or DoorDash, and even down to local competitors in Southeast Asia, such as GrabFood or Go-Foods, their average value per user is around $330. This implies a stand-alone valuation for AtozGo of more than $16 million.
    Given the large market opportunity for food delivery services in Southeast Asia that is valued at around $13 billion, AtozGo is on track to reach more than 250,000 food deliveries per day, with a customer base topping 1 million by the end of next year.
    In October, Suen purchased from the open market 99,000 shares of the company’s common stock, and then two weeks ago purchased another 900,000 in a private transaction. In the press release announcing the purchases, Suen noted that publicly-traded SaaS/PaaS companies typically trade on average at around 10x revenue according to Crunchbase, with other microcap comparables trading around 4x revenue on average. Companies with cloud-based or platform-as-a-service models attract higher multiples due to ‘stickier,’ higher-margin customer engagements that provide greater transparency into revenue and profitability.
    Given the increasing number of businesses coming onto the CreateApp platform, Suen believes the market price of Weyland’s stock does not reflect its financial performance, the quality of its recurring revenue, and the strong prospects for growth to accelerate over the coming quarters. As a result, he has continued to invest personally in WEYL.
    The company is also preparing for an uplist to the Nasdaq Stock Market, where it expects to attract the attention of a broader base of investors, particularly institutional and family offices.
    About The Wall Street Resource
    The Wall Street Resource is a platform for microcap discovery and due diligence, and a resource for webcast interviews of CEOs and executives. For more information, visit thewallstreetresource.com.
    About Weyland Tech
    Weyland Tech is a developer and global provider of mobile business software applications. The company operates its CreateApp™ platform-as-a-service (PaaS) 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, CreateApp 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.
    The company’s subsidiary, Weyland Indonesia Perkasa (WIP), operates AtozPay™ and AtozGo™. The AtozPay mobile payments platform serves the burgeoning m-Commerce and e-Payment markets in Indonesia, the world’s fourth most populous country. AtozGo is a fast-growing short-distance food delivery service operated in Jakarta, Indonesia.
    For more information, visit weyland-tech.com.
    Reply With Quote  
     

  21. #271  
    RX Junior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    2,751


    Weyland Tech’s CreateApp to Support Launch of Mobile App for Push Interactive’s 1,000,000-Subscriber AstrologyNova

    Email Print Friendly Share
    December 05, 2019 08:31 ET | Source: Weyland Tech Inc.


    NEW YORK, Dec. 05, 2019 (GLOBE NEWSWIRE) -- Weyland Tech, Inc. (OTCQX: WEYL), a leading global Platform-as-a-Service (PaaS) provider of m-Commerce and fintech solutions, is supporting an upcoming launch of a new mobile app on Android and iOS for Push Interactive’s AstrologyNova horoscope community. This announcement follows Weyland Tech announcing last week its plans to acquire Push.
    “Weyland’s earlier work with Push to support the North American introduction of our CreateApp platform led to this strategic acquisition and now co-developed mobile app,” said Eddie Foong, Weyland’s chief product officer and founder of CreateApp. “The AstrologyNova app has been one of our initial joint projects and a technology testbed for enhancing our mutual platforms as we prepare CreateApp for a major rollout to the U.S. SMB market. This includes new tools and APIs now in place for tighter, more robust platform integration and an expanded product pipeline.”
    While the AstrologyNova app demonstrates the valuable synergies of the respective platforms and sets the stage for revenue stream expansion, it also highlights some of the significant brand value Push brings to the table. Push not only provides end-to-end eCommerce services for SMB and major brands, but also has valuable brands of its own like AstrologyNova.
    AstrologyNova taps the growing online ‘mystical services’ market currently valued at more than $2 billion. Since the launch of AstrologyNova.com in 2016, signups have doubled year over year to now reaching more than 1 million subscribers. Hundreds of thousands of subscribers are active daily on the AstrologyNova online channel, which includes Facebook and other social media outlets. More than a million customized astrological readings are emailed daily to subscribers based on their submitted information, including career goals, marital status and personal aspirations.
    AstrologyNova’s basic subscription is free, with upgrade options of $4.99 and $9.99 per month to receive more personalized astrological readings and predictions, as well as other types of mystical readings based on numerology and Tarot. AstrologyNova also generates revenue from targeted advertising via Google, Outbrain and PowerInbox and other ad partners, and users can be re-engaged and remarketed for other products and services.
    The new CreateApp-powered mobile app will offer a new level of accessibility and interaction for AstrologyNova subscribers, while providing Push deeper insights into user activity and personal preferences that can lead to greater conversions and monetization.
    The Weyland CreateApp platform enables SMBs to deploy native mobile applications without technical knowledge or background. Offered in 14 languages with more than 70 integrated modules, it empowers businesses to increase sales, reach more customers, manage logistics, and promote their products and services via mobile in an easy, affordable and highly efficient way.
    “We attribute AstrologyNova’s rapid user growth to our data driven lead capture campaigns, optimized sales funnel, and proprietary content collection and delivery platform,” commented Push’s chief technology officer, Tom Furukawa. “We see the new native mobile app driving further acceleration and broader market reach, particularly with younger demographics who are more mobile centric. In addition to driving U.S. subscriber growth, Weyland’s strong presence in Southeast Asia and CreateApp’s multi-language support opens up a huge new international market for AstrologyNova in a turn-key fashion.”
    Weyland and Push also see their success with the AstrologyNova laying the groundwork for expansion to other verticals, including celebrities, careers, financial, home improvement, politics, sports and other popular areas of interest. The companies are already experimenting with a number of these verticals, with each having the potential to generate rapid user growth and strong channel monetization.
    Chris Jahnke, chief marketing officer of Push, commented: “This new native mobile app will reflect the close collaboration of our teams using the best of breed technologies from both Weyland and Push. Content accessed via a mobile app naturally provides better insights into user data. Revenue per impression and user retention can be also much higher than solely a web-based system.”
    “While the traditional Shopify approach is geared toward websites, CreateApp permits SMBs to create a native app with a more rewarding end-customer engagement,” added Jahnke. “It’s truly the new Shopify for mobile—and more. Under our combined forces, CreateApp is not only a highly scalable B2C solution, but also B2B and B2B2C with extraordinary broad market opportunities.”
    The app is expected to be available for download from Astrologynova.com by the end of the month.
    About Weyland Tech
    Weyland Tech is a developer and global provider of mobile business software applications. The company operates its CreateApp™ platform-as-a-service (PaaS) 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, CreateApp 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.
    The company’s subsidiary, Weyland Indonesia Perkasa (WIP), operates AtozPay™ and AtozGo™. The AtozPay mobile payments platform serves the burgeoning m-Commerce and e-Payment markets in Indonesia, the world’s fourth most populous country. AtozGo is a fast-growing short-distance food delivery service operated in Jakarta, Indonesia.
    For more information, visit 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 ability of the Company to successfully collaborate with and integrate Push, 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
    Related Articles

    Reply With Quote  
     

  22. #272  
    RX Junior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    2,751


    Weyland Tech Promotes Company Executives in Preparation for Continued Growth and Expansion

    Email Print Friendly Share
    December 10, 2019 08:31 ET | Source: Weyland Tech Inc.


    NEW YORK, Dec. 10, 2019 (GLOBE NEWSWIRE) -- Weyland Tech, Inc. (OTCQX: WEYL), a leading global Platform-as-a-Service (PaaS) provider of m-Commerce and fintech solutions, has promoted three company executives to new or existing positions.
    • Eddie Foong, founder of CreateApp, was promoted to the new position of chief product officer. He previously served as chief operating officer.
    • John MacNeil was promoted to chief operating officer. Previously, served as director of capital markets.
    • Matthew Brent was promoted to the new position of chief strategy officer. Previously, he was head of corporate development and product strategy.

    “As we continue on our rapid growth trajectory, we recognize the importance of having the right executive team in place to execute on our ambitious plans,” said Brent Suen, CEO of Weyland. “Near-term, these plans include completing the acquisition and integration of a Push Interactive’s U.S.-based eCommerce platform, introducing our award-winning CreateApp PaaS solution to North America, and building out additional value-added products and services for SMBs and major brands.”
    “These three highly experienced, capable and accomplished team members were ideal candidates to assume greater responsibility and oversight of our day-to-day operations, as well as drive business and product development with a focus on customer experience,” continued Suen. “We expect them to continue to drive our momentum forward and keep us on track for another year of record growth in 2020.”
    Executive Bios
    Eddie Foong has over 17 years of experience in IT, sales and marketing and operations. He was involved in a RFID technology company that developed and changed Singapore National Library Books borrowing system island-wide. He previously headed the sales and marketing department of Info. Technology within MNCs and government agencies. He is also an IBM Award recipient and holds a Bachelor of Engineering, first-class honors, from University of Strathclyde, U.K.
    John MacNeil has more than 30 years of experience in the financial services and technology industries. He has advised technology, financial technology and renewable energy companies on strategic relationships, financial forecasting, investor relations and capital formation. He previously served as a portfolio manager for technology funds at Schroders Investment Management. He holds a Bachelor of Electrical Engineering from University of Connecticut and MBA from Columbia Business School.
    Matthew Brent has over 10 years of experience in software and product development. He has built and led teams from across North America, China, and Southeast Asia to deliver products for global entertainment, media, and technology companies, including Sony Computer Entertainment America, Activision Blizzard, The Upper Deck Company, and The Sesame Street Workshop. He received his Bachelor of Arts in Philosophy from the University of Illinois, Chicago.
    About Weyland Tech
    Weyland Tech is a developer and global provider of mobile business software applications. The company operates its CreateApp™ platform-as-a-service (PaaS) 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, CreateApp 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.
    The company’s subsidiary, Weyland Indonesia Perkasa (WIP), operates AtozPay™ and AtozGo™. The AtozPay mobile payments platform serves the burgeoning m-Commerce and e-Payment markets in Indonesia, the world’s fourth most populous country. AtozGo is a fast-growing short-distance food delivery service operated in Jakarta, Indonesia.
    For more information, visit 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 ability of the Company to successfully collaborate with and integrate Push, 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
    Reply With Quote  
     

  23. #273  
    RX Junior Steiner69eR's Avatar
    Join Date
    Oct 2006
    Location
    Parts Unknown
    Posts
    1,850
    How are you feeling, Bruce?

    I'm skeptical as to all this "paid promo" going on via iHub.
    Guys getting paid to spam the boards with one-liners from old PRs, etc. What's the point? Looks foolish, and makes me (yet again) question management.
    Reply With Quote  
     

  24. #274  
    RX Junior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    2,751
    Im hearing all kinds of rumors and stories . Big inside purchase by Brent has to give you confidence . I think we are close to a push
    Reply With Quote  
     

  25. #275  
    RX Junior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    2,751


    Weyland Tech Signs Definitive Agreement to Acquire Push Interactive’s U.S. eCommerce Platform for $25 Million

    Email Print Friendly Share
    December 18, 2019 08:31 ET | Source: Weyland Tech Inc.


    NEW YORK, Dec. 18, 2019 (GLOBE NEWSWIRE) -- Weyland Tech, Inc. (OTCQX: WEYL), a leading global Platform-as-a-Service (PaaS) provider of mCommerce and fintech business enablement solutions, has signed a definitive agreement to acquire the assets and operations of privately-held Push Holdings, a subsidiary of ConversionPoint Technologies (CPT), for $25 million in an all-stock transaction.
    This definitive agreement follows the earlier announcement of Weyland’s plans to acquire Push in order to support the launch of its CreateApp mCommerce and mobile fintech solutions in North America, as well as to introduce additional eCommerce products and services globally.
    Consideration for the transaction is comprised of 35,714,285 shares of Weyland Tech common stock priced at a premium to the current market valuation. Of the total consideration, 28,571,428 shares are payable to CPT upon closing, with the balance of 7,142,857 shares payable subject to the achievement of certain performance milestones and other criteria. The acquisition includes approximately $1.5 million in cash on Push’s balance sheet to support the transition and integration, as well as the launch of CreateApp in the U.S.
    Weyland expects to close the acquisition in early January and that it will be accretive to earnings in the first full quarter as part of Weyland. Push’s additional revenue streams, synergistic product offerings, and support of the CreateApp U.S. market launch are expected to help drive more than 100% top-line growth in 2020. Weyland recently reported trailing 12-month recurring revenues of more than $32 million.
    The acquired assets and operations of Push Holdings are primarily comprised of the eCommerce technology company, Push Interactive, with 20 full-time employees headquartered in Minneapolis, Minn. The Push Interactive direct-to-consumer eCommerce platform provides an end-to-end solution for SMBs and major brands to dramatically increase online revenue while lowering the cost of customer acquisition and order fulfillment.
    “We continue to believe Push will be a highly transformative acquisition on multiple levels, with this driving strong revenue growth and market expansion,” said Brent Suen, CEO of Weyland Tech. “Push’s eCommerce platform is highly synergistic to our existing mCommerce technologies, particularly with CreateApp and AtozGo. Our respective offerings are both mobile-friendly and can provide complementary products and services, while our technology and revenue models can be seamlessly integrated into a single platform.”
    The integration of the Weyland and Push platforms is expected to significantly enhance the value proposition for existing and prospective customers. Initial cross-selling opportunities include using CreateApp and AtozPay to support U.S.-based projects and campaigns for Push’s current enterprise customers.
    “We recognized tremendous synergies in technology and in our corporate missions right from the start,” commented Haig Newton, co-founder, CEO and president of Push Holdings. “We believe that together we will be able to better help businesses and brands around the world reach more customers, increase their sales, and promote their products and services in an easier, more affordable and highly efficient way.”
    Push will provide Weyland a well-established beachhead in North America, allowing it to attract new users to CreateApp and AtozPay quickly and cost-efficiently. This includes greatly reduced customer acquisition costs Weyland could not have achieved on its own. Previously, U.S. customer acquisition costs for CreateApp were estimated at $2-$3 per dollar generated, making market entry economically unfeasible. By leveraging Push’s highly effective marketing technology and operational resources, U.S. customer acquisition cost is expected to be as little as $0.30 on the dollar.
    “What we find so amazing about CreateApp is that it requires literally no technical understanding or skills in app design for anyone to build a full-featured custom app in less than two hours,” noted Push Interactive’s chief technology officer, Tom Furukawa. “It’s a Shopify-like solution for mobile that enables businesses and brands to establish a mCommerce presence in an intuitive, do-it-yourself fashion. Layering on our Push platform, CreateApp users gain a fully end-to-end mCommerce solution supported by our team of expert digital media marketers that can enhance their visibility, customer traffic and ultimately conversions.”
    As part of a public company, Weyland’s new Push subsidiary will gain easier access to growth capital and be better able to attract additional employee talent. Push can also leverage the cost efficiencies and diverse capabilities of Weyland’s existing 200-person technology and software development team in Jaipur, India, while Weyland gains technical and software development expertise from Push.
    Weyland plans to launch CreateApp in the U.S. during the first quarter of 2020. The North American market is expected to support a higher price point for subscription fees as compared to the company’s current market in Southeast Asia. A comparative revenue model of a U.S. industry peer supports 96,000 users at $300 each per month. This is several times higher than the current CreateApp subscription model for Southeast Asia at only $12-$80 per month, depending on optional features implemented.
    “Our initial work with Push to introduce CreateApp in the U.S. led to this strategic acquisition, so we have already made strong progress in this regard,” added Suen. “eCommerce is becoming increasingly mobile in the U.S., creating a huge new market opportunity for CreateApp and AtozPay.”
    Weyland’s post-acquisition revenue model anticipates that U.S. CreateApp subscription revenues alone could exceed $5 million by end of 2020. This would be in addition to potential new Push offerings adopted by Weyland’s existing international SMB customer base, as well as new AtozPay eWallet and mobile pay integrations in the U.S.
    Additional details about the definitive asset purchase agreement are provided in a Form 8-K, available at www.sec.gov and the investor relations section of Weyland Tech’s website at weyland-tech.com.
    About Push Interactive
    The Push platform features comprehensive customer acquisition capabilities, highly productive media and channel strategies, well-tuned product promotion and messaging, and sales funnel development and optimization. Post-sale, Push supports fulfillment, customer relationship management, and further monetization through re-engagement and remarketing toolsets that enhance customer lifetime value (LTV). Push developed these SaaS-based solutions in-house, with more than $10 million invested in platform development and eight years of real-world use. For more information about Push Interactive, visit www.pushint.com.
    About Weyland Tech
    Weyland Tech is a developer and global provider of mobile business software applications. The company operates its CreateApp™ platform-as-a-service (PaaS) 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, CreateApp 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.
    The company’s subsidiary, Weyland Indonesia Perkasa (WIP), operates AtozPay™ and AtozGo™. The AtozPay mobile payments platform serves the burgeoning mCommerce and e-Payment markets in Indonesia, the world’s fourth most populous country. AtozGo is a fast-growing short-distance food delivery service operated in Jakarta, Indonesia.
    For more information, visit weyland-tech.com.
    Reply With Quote  
     

Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •