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  1. #201  
    RX Senior brucefan's Avatar
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    Weyland Tech Inc. Provides a Shareholder Update on the Company's Recently Announced Spin-Off of the eWallet Business and Discussion About the Company's Core Business



    GlobeNewswire•November 8, 2018




    New York, Nov. 08, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Weyland Tech Inc. (WEYL) (“Weyland” or the “Company”) announced today that the distribution of its direct holdings in Weyland AtoZPay Indonesia (“WAI”) will be completed with a distribution of WAI shares on November 30, 2018 as previously announced.

    AtoZPay was at no time consolidated into Company financial statements, and hence the distribution will have no effect on the Company's core business.
    Post distribution the company retains an option for 31% of AtoZPay which can be acquired by the Company at its discretion for nominal exercise price.
    CEO Brent Suen explained, "We believe the spin-off best served existing and future shareholders. As an independent company, AtoZPay will be free to enter the capital markets to unlock value for its shareholders. At the same time we continue to be supportive of AtoZPay as Weyland's option can generate tremendous value for our shareholders.
    With the successful spin out of AtoZPay we are continuing to develop similar opportunities in other markets such as Myanmar, with a population of 53 million people and a median age of 28 years old. Additionally, the smartphone penetration rate is estimated at 70% while the ‘unbanked’ (people without bank accounts) population stands at around 70% as well – we firmly believe that an opportunity exists for a similar market entry of an eWallet like AtoZPay to become a viable product. We expect to follow a similar path of sponsoring local partners, funding initial traction and potentially spinning out independent entities while retaining ownership stakes for Weyland shareholders to take advantage of future growth.
    Along with this strategy, with the conclusion of the AtoZPay spinoff we will focus on our rapidly expanding core business."
    The Company also intends to provide an update showing improved guidance on its core business following the release of its September 30, 2018 10Q in the coming days.
    About Weyland Tech Inc.
    Weyland Tech is a global provider of mobile business applications. Its CreateApp platform offers a mobile presence to businesses in emerging markets, with partnerships on 3 continents and growing. This DIY mobile application platform, offered in 14 languages with over 35 integrated modules, enables small and medium sized businesses (“SMB’s”) to create native mobile applications (“apps”) for Apple’s iOS and Google Android without technical knowledge or background, empowering SMB’s to increase sales, reach more customers and promote their products and services in an easy, affordable and efficient manner.
    In May 2018, the Company expanded its portfolio to fintech applications with the launch of its AtozPay mobile payments platform. The mobile wallet launched in the world’s 4th most populous country, Indonesia, and is already experiencing rapid growth in transactions taking place on the platform.
    Follow Weyland Tech online at:
    Weyland Tech Facebook Page (https://www.facebook.com/weylandtech)
    Weyland Tech Twitter Feed (https://twitter.com/weylandtechinc)
    Weyland Tech LinkedIn Page (https://linkedin.com/company/weylandtech)
    Brent Suen, CEO Public Facebook Page (https://www.facebook.com/BrentSuenWEYL)
    Brent Suen, CEO Public Twitter Feed (https://www.twitter.com/BrentSuenWEYL)
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  2. #202  
    RX Senior Steiner69eR's Avatar
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  3. #203  
    RX Senior brucefan's Avatar
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    What they do goes on every minute, of every single day, in the market. Stupid not to have noted a disclaimer though
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  4. #204  
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    FORM 10-Q

    [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


    For the quarterly period ended September 30, 2018

    http://app.quotemedia.com/data/downloadFiling?webmasterId=103047&ref=12552721&type=HTML&symbol=WEYL&companyName=Weyland+Tech+Inc.&formType=10-Q&formDe
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  5. #205  
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    Quote Originally Posted by brucefan View Post
    FORM 10-Q

    [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


    For the quarterly period ended September 30, 2018

    http://app.quotemedia.com/data/downloadFiling?webmasterId=103047&ref=12552721&type=HTML&symbol=WEYL&companyName=Weyland+Tech+Inc.&formType=10-Q&formDe
    Thanks for sharing.

    What's the deal w/the 5 million free shares handed out? Worried about dilution?
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  6. #206  
    RX Senior brucefan's Avatar
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    I am not, but the answer to that we should know for sure in the next few months . Things should really start to move now as we get close to the spin off happening .
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  7. #207  
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    Quote Originally Posted by brucefan View Post
    I am not, but the answer to that we should know for sure in the next few months . Things should really start to move now as we get close to the spin off happening .
    should be noted of course , all restricted shares . Fundamental story very much intact
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  8. #208  
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    Weyland Tech Inc. Updates Shareholders on Its Q3 Results and Business Outlook



    GlobeNewswire•November 16, 2018



    New York, NY, Nov. 16, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Weyland Tech Inc. (WEYL) ("Weyland " or the "Company"), a provider of mobile business applications, today updates shareholders on its Q3 results and business outlook.

    “The quarter ended September 30, 2018 was both affirming and transitional for Weyland,” stated Brent Suen, CEO, continuing, “Our core business, CreateApp, a Platform as a Service (“PaaS”) do-it-yourself tool-kit for small businesses to create mobile applications that facilitate mobile commerce, experienced significant revenue growth and an enriching evolution of its financial and operational relationship with white label partners.”
    Service Revenue has increased 220% year over year reaching $8,436,412 from $3,826,718 for the three months ended September 30, 2018 and 2017, respectively. The increase was initiated by release of the 3rd generation of the PaaS platform. Our net loss expanded from $102,239 to $1,997,735, from factors related to maintaining our strong growth trajectory; and the costs related to a near completed special dividend of the equity in an unconsolidated subsidiary, AtoZPay.
    The Company had made substantial investment in opening new markets, but is currently considering reducing this expense and focusing on the better than expected opportunities in its core markets, primarily Indonesia.
    Incurring substantial costs related to AtoZPay without the benefit of consolidating its over $1 million per month in revenue, adversely affected earnings for the quarter. Weyland shareholders of record on October 12, 2018, will receive their pro-rata equity in the form of shares of 49% of AtoZPay later this quarter. Weyland maintains a nominally priced option to acquire 31% of AtoZPay which management believes holds significant value and expects monetization in the form of a public offering or trade sale as soon as calendar 2019. For more information on AtoZPay please contact AtoZPay’s investor relations representative at: ir@atozpay.co.id
    Dilution from the issuance of approximately 5.373 million shares for consultancy services provided cash-conserving, goal-aligning, motivational compensation of 19 individuals at the core of Weyland’s operations. Most of these shares are under a ‘lock-up’ of at least two years allowing the market for shares to mature and were issued in lieu of market-rate salaries and directors fees. “Our goal is to align our stakeholders, including partners, consumers, staff, management and investors as shareholders,” commented Suen.
    Weyland has validated both its product offering and strategy this quarter with significant, scalable revenue growth. Management also sees continued pricing power on existing offerings and substantial opportunity to profit from what is becoming an integral part of business infrastructure in some of the fastest growing economies globally with both existing and intended telecom partners.
    About Weyland Tech Inc.

    Weyland Tech is a global provider of mobile business applications. Its CreateApp platform offers a mobile presence to businesses in emerging markets, with partnerships on 3 continents and growing. This DIY mobile application platform, offered in 14 languages with over 35 integrated modules, enables small and medium sized businesses ("SMB's") to create native mobile applications ("apps") for Apple's iOS and Google Android without technical knowledge or background, empowering SMB's to increase sales, reach more customers and promote their products and services in an easy, affordable and efficient manner.

    In May 2018, the Company expanded its portfolio to fintech applications with the launch of its AtozPay mobile payments platform. The mobile wallet launched in the worlds 4th most populous country, Indonesia, and is already experiencing rapid growth in transactions taking place on the platform.
    Follow Weyland Tech online at:
    Weyland Tech Facebook Page (https://www.facebook.com/weylandtech)
    Weyland Tech Twitter Feed (https://twitter.com/weylandtechinc)
    Weyland Tech LinkedIn Page (https://linkedin.com/company/weylandtech)
    Brent Suen, CEO Public Facebook Page (https://www.facebook.com/BrentSuenWEYL)
    Brent Suen, CEO Public Twitter Feed (https://www.twitter.com/BrentSuenWEYL)
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  9. #209  
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    Weyland Tech ($WEYL) Earnings – Beats Big on Top Line and Shows No Sign of Slowing

    November 16, 2018Mike SheikhTECHNOLOGY STOCKS


    – CreateApp is the new wordpress of Indonesia
    – Indonesia is the 4th largest world market with an emerging mobile economy
    – CreateApp sales reach and Inflection point
    – Low downside risk in light of extremely attractive valuation
    – Earning beat and guidance rise.


    Weyland Technologies Inc. (WEYL) is a riding a wave of tsunami proportions effecting the Indonesian market. Demographics and connectivity are responsible for the growth. Indonesia is located in Southeast Asia and is made up of many volcanic islands. Their population is estimated to be 262.8 million and ranked the 4th most populous country in the world behind the United States with 329.3 million. With the advent of 4G coverage has really exploded and connected this people in a way they have never seen before. People who have never known the internet or what it is get it with their smart phones. The younger demographic which is technology savvy wants to use and they want to buy things. The more mature demographic also wants to buy things and use it as a business tool. WEYL announced earning on November 14, 2018 and beat revenue expectation by a huge margin coming with $8.3 million for the quarter and was able to generate 87% gross margins. WEYL has two subsidiaries that cuts to the heart of each of these demographics needs.

    CreateApp is the WordPress of the Indonesian Market
    For the millions of Indonesians, the first time they are getting connected to the internet is from their smart phone. This is going to be their first and only internet connected device which means that apps are going to play a key role in defining their usage. CreateApp allows small to medium size business to create their own virtual stores on an app on their phone. Instead of hiring a website or app builder they can download this DIY app and build it themselves. Then the app they build gives them the presence they need in the mobile economy to sell or display their goods online. This is app is equivalent to the WordPress for the Indonesian market, but it is clearly disruptive in nature and without any geographical bounds could easily spread to developed countries where small business are looking for a cost effective way to build an app. The analogy to WordPress should resonate to investors in the sense that CreateApp is becoming the preferred platform for small business content development. Think about how big this market is in the USA and then discount it a little based on population to the Indonesian market. What is owning that market worth? This is a landgrab and the company is the leader in the space.
    The interesting thing about CreateApp is that it is a Platform as a Service (PaaS) which means that it has no geographical boundaries and can be implemented anywhere in the world. The company has “white labeled” to quite a few foreign countries which include Malaysia, Hong Kong, Thailand, The Philippines, and France.


    AtoZPay Coverage Area with Telkomsel

    AtoZPay Solving Banking Problem in Indonesia
    If technology can solve a real world problem there is an opportunity to make a lot of money in the process. WEYL has a minority 35% interest in AtoZpay which is a payment platform for cell phones. It made a special dividend of 90% of its former 49% ownership of the company but it retained essentially 5% plus it has an additional option to purchase 30% of the company for a nominal fee. What AtoZPay has done is take the cell phones “top up” capability and turn it into the new banking system. Many in Indonesia had prepaid phones where they went into a store to buy credits and are familiar with the process. It’s the same process of going into the convenience store and then they load funds onto your phone. The difference with AtoZpay are the relationships that they have and the flexibility of the platform. They can load money on their phone at their local convenience store and then they can pay for something online or they can travel to another island go to the ATM and withdraw cash. Their phone becomes the payment gateway. AtoZPay has relationships with the utilities and allows users to pay via their phone. There is a small transaction fee to get the cash in the system but it has not been a barrier to entry.
    AtoZPay Partners
    1 Telkomsel – Largest telecom service provider
    2 BRI Bank – Oldest bank in Indonesia with US$62 billion in assets
    3 Bank Mandiri – Largest bank in Indonesia with US$81 billion in assets
    4 GrabTaxi – Number one ride sharing and delivery service in SE Asia – Funded by HSBC, Toyota Motor, Oppenheimer, Softbank
    5 Go-Jek – Largest Motorcycle and scooter based taxi service – Funded by Google, Tencent, Temasek, Sequia Capital, KKR

    The company is literally spreading like a virus and going from island to island with marketing groups that take over the local atmosphere and educate and train people on the new way to bank and get access to all the online goodies the internet has to offer. Getting to the consumer first is the key to this market and if they can do it profitably even better. The company has spent a lot of money on people to get the message out and consumers are very receptive. They are in the right spot at the right time because people want a banking solution. Building banks on each of these tiny islands with the infrastructure just isn’t efficient. There is a better way and its called AtoZPay.
    Earnings Beat and Inflection Point

    The service revenues for the third Quarter were $8,436,412 which represents a 45% increase over the $4,658,980 quarter over quarter. Driving the record quarterly sales was a massive promotional effort with white label partners along with the enhancements from the release of Version 3. The company increased its sales performance incentives in order to get traction with its launch of Version 3. Most of the input for Version 3 came from feedback from customers looking for functional enhancements. These enhancements included the completion of the DPEX enabled dashboard as well as integrating the AtoZPay into the CreateApp platform. Having this built-in ubiquitous payment platform seemed to be a major selling point. A key milestone is that they were able to expand sales while increasing the price of the service.
    Profitability suffered during the quarter as they spent as much as they made, but a majority of the costs were from the R&D which has doubled quarter over quarter for the past 3 quarters. With the launch of Version 3 behind them its seems unlikely that R&D levels will stay this high which means they could be profitable as soon as next quarter or show another 40% increase in sales Quarter over Quarter (QOQ). The marketing was highly successful and for the past 3 quarters has been running at a predictable 45% of sales. The onboarding of so many clients in the quarter is also going to result in a handsome recurring revenue stream. CreateApp essentially becomes the Small to Medium Business (SMB) hosting provider and AtoZPay becomes there merchant account. Business essentials like a merchant account and website are universal needs and CreateApp and AtoZPay are the first to cater to this huge demographic which is just getting online.
    Based on existing trends we are upgrading revenue estimates to $10.5 million for the fourth quarter citing the seasonal demand in retail and 30% QOQ growth. R&D is expected to go down to 30% of sales and marketing expense should stay constant at 45% of sales. Profitability should come in between $1.2 – $1.5 million for the quarter and based on 36.8 million shares outstanding earnings per share should be between .03 – .04 per share. FY 2018 should be profitable but 2019 could see exponential growth. FY2019 projections are $76 million in CreateApp revenues and net income of $9.12 with EPS of $.25.


    Valuation Model
    The company has one wholly owned operation called CreateApp and a minority owned stake 35% stake in AtoZPay. The value of the stake in AtoZPay and Create App should equal the market capitalization of the company. With 37 million shares outstanding and a stock price of $1.50 the market cap is roughly $55.5 million. 2019 estimates of AtoZPay are $100 million in revenue and $76 million in revenue from CreateApp. Adjusting the sales to the ownership percentage in AtoZPay reveals $35 million in sales attributable to WEYL’s market cap. The combined entity would have approximately $111 million in sales and normal Software as a Service (SaaS) multiples for public companies average 6. This combined entity is worth $666 million using these established metrics. In terms of stock price the value of the shares should be $18.10.
    There is one major caveat regarding the share structure. In 2015 an acquisition for 8 million shares was unwound but has remained on the shareholder ledger and will continue to do so until a settlement is reached. We feel that there is a high likelihood that 8 million shares will be returned to the treasury making the outstanding share count approximately 29 million shares that adjustments to earnings should be made. Adjusting to the proper amount of shares the current stock value comes in at $23.00.
    Spinoff Drama
    It’s pretty clear from the market action that there is a big short in the stock that was a consequence of at least 5.0 million shares that were issued for a deal that was rescinded. The holder of these shares is from Singapore and the theory is that he started selling these shares once he got them not realizing that the deal was going to be rescinded. In March 2018 once it became clear that there was no way the shares would be cleared the short sold the stock down for 90 days straight. In doing so he over doubled down on his position and liability. The company fought back with insider buying and then after that didn’t work came up with a strategic plan to spin off one of its assets in a non-dtcc transaction.
    The purpose of the spinoff was to force a reconciliation of accounts between the major brokerage houses and DTCC. Despite discussions with regulators and brokerage houses no buyin to reconcile the books has happened. Instead the brokers didn’t comply with instructions an lost their clients an estimated 700,000 shares of dividend stock because they didn’t sent in a list of their shareholders as required by the corporate action. The brokers that did comply likely sent in lists that match up with DTCC but the only issue is how did they pick the shareholder who get the dividend company versus the ones that they are short. These brokerages have been kicking the can down the road but on November 30, 2018 the dividends will be sent out and scores of angry shareholders will be waiting to wage class action against all the major brokerages for anything from breach of fiduciary duty to securities fraud. When scores of shareholders who didn’t receive their shares call their broker it seems reasonable that the major brokers will finally call the company to work a deal to get the dividend shares. At this time WEYL could force the brokerages into a buyin situation to clear out the naked short or face the legal wrath of a class action suit from the shareholders and suit from WEYL. Anytime before November 30, 2018 regulators could step in an force the brokerage houses to buyin the stock and bring the books flat. This process would wipe out the short position for good and likely create an astronomical short squeeze in the process. The brokers have been caught taking trades from known market makers that have a history of failing to deliver. There could be a buy in at any time which is reason enough to hold the stock.
    Investment Summary
    The company has a great sales force and a product that sells itself. WEYL is a growth in revenue and land grab story. Once this company reaches $100 million plus in revenue they become a takeover candidate in the public or private market. The private market is averaging 15X sales for SaaS companies and payment platform in the 4 largest market in the world is going to be eyed by some big companies. Investors need to realize that in about 1 year WEYL may be above these revenue numbers. If private equity buys WEYL it could fetch $1.5 billion. Fully diluted that works out to $40/share. Investors with a one year time horizon could be looking at a 25X return. When markets are manipulated and not allowed to seek price discovery dramatic inefficiencies of the market can develop. We think this is one of those cases if not the poster child of inefficiency. On a fundamental basis WEYL stock is grossly undervalued. The stock beat earnings estimates by double yet there was a muted reaction. The company is making great strides and the synergies of AtoZPay are starting to pay off with massive adoption of the CreatApp ecosystem. The company could be profitable as soon as this coming quarter and may not need money from growth. This means that a stock buyback announcement might land the final crushing blow to the short and let the stock seek price discovery. Add to this the possibility of additional strategic alliances. Any one of WEYL’s strategic partners are so large they could likely buy WEYL anytime they want to acquire additional revenues.
    Disclosure: PSInvestor has NOT been compensated for this article but does hold a LONG position.Full Disclaimer here.

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  10. #210  
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    Weyland Tech Enters Into Partnership With Southeast Asia’s Largest B2B Portal for the Construction Industry





    GlobeNewswire•November 19, 2018 New York, NY, Nov. 19, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Weyland Tech Inc. (WEYL) ("Weyland " or the "Company"), a provider of mobile business applications, today announces a strategic partnership with Southeast Asia’s largest B2B portal for the construction industry, Keepital (http://www.keepital.com/), a part of the KEEP family of business marketing services. Keepital is a leading B2B portal in Southeast Asia for the construction industry with over 500,000 members. Utilizing Weyland’s PaaS platform on a ‘white label’ basis, Keepital will offer its members the ability to source, procure, buy and sell construction equipment, materials, products and services directly from their mobile phones.
    Eddie Foong, Chief Operating Officer of Weyland Tech, states: “This partnership offers a tremendous opportunity for both Weyland and Keepital. Our smartphone platform brings multi-language mobile marketplace and payment solutions to their members, providing a seamless and convenient way for buyers and sellers to discover partners and procure products and services that previously required a desktop or laptop computer, phone calls, emails and even faxes to complete an order.
    “Furthermore, Weyland’s relationship with Keepital provides access to a large number of businesses in an industry segment – construction – where Weyland otherwise had low exposure. The potential to assist Keepital’s 500,000 members establish a mobile presence is a win-win-win for Weyland, Keepital and its partners.”
    Southeast Asia's Internet economy is expected to exceed $240 billion by 2025, a joint study by Google and Temasek Holdings showed, a fifth more than previously estimated, as more consumers use their smartphones to go online. These figures lend themselves to Weyland Tech’s focus on Southeast Asia and enabling mobile commerce.
    About Weyland Tech Inc.
    Weyland Tech is a global provider of mobile business applications. It's CreateApp platform offers a mobile presence to businesses in emerging markets, with partnerships on 3 continents and growing. This DIY mobile application platform, offered in 14 languages with over 35 integrated modules, enables small and medium sized businesses ("SMB's") to create native mobile applications ("apps") for Apple's iOS and Google Android without technical knowledge or background, empowering SMB's to increase sales, reach more customers and promote their products and services in an easy, affordable and efficient manner.
    In May 2018, the Company expanded its portfolio to fintech applications with the launch of its AtozPay mobile payments platform. The mobile wallet launched in the worlds 4th most populous country, Indonesia, and is already experiencing rapid growth in transactions taking place on the platform.
    Follow Weyland Tech online at:
    Weyland Tech Facebook Page (https://www.facebook.com/weylandtech)
    Weyland Tech Twitter Feed (https://twitter.com/weylandtechinc)
    Weyland Tech LinkedIn Page (https://linkedin.com/company/weylandtech)
    Brent Suen, CEO Public Facebook Page (https://www.facebook.com/BrentSuenWEYL)
    Brent Suen, CEO Public Twitter Feed (https://www.twitter.com/BrentSuenWEYL)





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  11. #211  
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    Scooped more today at $1.26, helped me average down a bit from $2.05 to $1.95...comfortable sitting with ~6,000 shares here.
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  12. #212  
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    WEYL CEO Brent Suen bought 50,000 shares out of the open market on Friday. https://www.otcmarkets.com/filing/html?id=13091273&guid=wVhbUKwBhMkykyh
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    Weyland Tech Continues to Execute on Its Growth Plans and CEO Makes Further Commitment With Additional Stock Purchases



    GlobeNewswireDecember 6, 2018





    New York, Dec. 06, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Weyland Tech Inc. (WEYL) ("Weyland" or the "Company"), a provider of mobile business applications, continues to execute on its growth plans and CEO makes further commitment with additional stock purchases.

    The recent announcements surrounding the spin-off transaction of 49% of Weyland AtoZpay Incorporated (“WAI”), has shifted investor focus away from Weyland’s core PaaS and e-Wallet businesses both of which have continued to grow nicely.
    Moreover, focus on the technical aspects of the spin-off has drastically increased the amount and changed the nature of investor relations calls. As a result, on October 16th the company announced it had engaged American Capital Ventures (“ACV”) to provide investor relations services.
    Refocusing management attention has allowed the company to more fully engage in negotiating new and complementary logistics, retail and financial channel relationships for our core business, the PaaS platform which we expect to announce shortly.
    Favorable Public and Private Investment Environment
    Brent Suen, CEO, comments: “We are operating in a tremendously favorable market for PaaS and mCommerce companies in SE Asia. There are publicly traded companies with multibillion-dollar market valuations that have raised funds significantly exceeding funding efforts of our own. Despite that, we continue to grow our eWallet business cost-effectively in Indonesia and the PaaS business more generally.
    While we are growing well, the competitive landscape is filled with companies raising and spending considerably more than Weyland Tech, hence the company too has sought to raise sufficient capital to gain market share – which we believe we are doing -- and also to keep platform functionality competitive.
    The investment environment for mobile app companies, mobile commerce (mCommerce) companies, digital money (eWallets) and digital entertainment companies has been robust. At least 14 companies in our same general industry space have achieved ‘unicorn’ valuations in the $1 billion to $5 billion range. These valuations are supported by investment from large corporations such as Google, Facebook, Microsoft, Alibaba, Tencent and other ‘tier-one’ strategic investors. Such activity is complemented by private equity and venture capital investment by firms such as Sequoia, Kleiner Perkins, KKR, Warburg and Softbank. Average funding rounds exceed $200 million and public listings supporting financial technology companies are on the rise in local markets. Although we have not yet been able to participate in any similar investment activity, we believe that our advances in the space could attract such interest."

    Liquidity Events
    Mr. Suen further noted, “As stated previously we believe the positioning of our PaaS platform and eWallet business will increasingly put us on the radar of either a large institutional funder or strategic investors interested in acquiring some or all of the business. To date, Weyland has made great strides with relatively little capital and a lack of visibility amongst institutional and strategic investors. Improving visibility to these sources of funding and liquidity is something we work on each and every day.”
    Conviction Buying
    “We maintain a strong conviction that we are on the right strategic path and, in light of the recent pullback in our share price, I’ve purchased 50,000 shares of stock at an average of $1.15 according to the Form 4 filed on December 4, 2018. This is in addition to the 509,000 shares purchased through our incentive stock plan in September.
    I and the entire senior management team, board of directors and certain professional consultants, have a Company imposed two-year lock up on shares that is renewed on the subsequent two-year anniversary of each share grant. This includes shares purchased in the open market and private transactions. We believe that this aligns management’s interest with shareholders and is consistent with our stated goals to uplist the company and eventually seek a sale of the Company as both the e-wallet and PaaS businesses mature over the next 18- to 24-months,” Suen continues.






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  14. #214  
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    Big day Monday.
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    Weyland Tech Enters Into Partnership With Major Regional Delivery Company to Establish a 'Last Mile' Fulfillment Platform for eCommerce/mCommerce Companies



    GlobeNewswireDecember 11, 2018



    New York, NY, Dec. 11, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Weyland Tech Inc (Weyland or the Company) announces today it has signed a binding Memorandum of Understanding (“MOU”) with PT Rex Indonesia ("Rex") http://www.rex.co.id/id

    Rex focuses its services as a document and package shipping company through air, sea and land transportation with domestic and international destinations. Rex ships approximately 10,000 packages per day for thousands of Small-Medium sized Businesses (“SMBs”).
    Under the terms of the MOU, Weyland and Rex will leverage the Rex SMB customer base and Weyland Tech's 13,000-partnership network across 23 cities in Indonesia. The combined platform will implement a non-cash based payment system through the AtoZpay eWallet, integrate Weyland's PaaS platform functionality for eCommerce and mCommerce thereby providing a ‘last-mile’ and payment solution for companies looking to expand their sales thru eCommerce/mCommerce and have goods and services paid for and delivered.
    Ride sharing services such as Go-Jek and Grab, which have valuations of $8 billion and $10 billion respectively and are supported by Alibaba, Tencent, Toyota, Softbank, Temasek, KKR and other tier-one investors, also provide courier services for their own product lines by leveraging their scooter, motorcycle and automobile driver network. Weyland and Rex will build out an 'agnostic' solution that focuses on a) deliveries to smaller cities and townships and b) delivery services into Indonesia from large foreign eCommerce/mCommerce companies expanding into Southeast Asia.

    'Last-mile' solutions have long been a major challenge for eCommerce/mCommerce fulfillment and a total solution creates significant value for companies that can successfully implement and execute on it.
    The MOU is subject a definitive agreement expected to be drafted by March 1, 2019. The companies will immediately provide each other's services before fully integrating joint solutions.

    About Weyland Tech Inc.
    Weyland Tech is a global provider of mobile business applications. Its CreateApp platform offers a mobile presence to businesses in emerging markets, with partnerships on 3 continents and growing. This DIY mobile application platform, offered in 14 languages with over 35 integrated modules, enables small and medium sized businesses ("SMB's") to create native mobile applications ("apps") for Apple's iOS and Google Android without technical knowledge or background, empowering SMB's to increase sales, reach more customers and promote their products and services in an easy, affordable and efficient manner.
    In May 2018, the Company expanded its portfolio to fintech applications with the launch of its AtozPay mobile payments platform. The mobile wallet launched in the world’s 4th most populous country, Indonesia, and is already experiencing rapid growth in transactions taking place on the platform.






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