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Wialan Technologies Announces New Director to the Board and Buyback Program(December 12, 2013)
SUNRISE, FL -- (Marketwired) -- 12/12/13 -- Wialan Technologies LLC (OTC Pink: ACYD) ("the company"), a next generation wireless telecommunications provider, announced today that the board of directors has appointed James Andrew Connolly III as Board Member and Secretary.
Mr. Connolly is currently President of IBA Capital Funding, Princeton, N.J. He was a founding member of the CEO Council, an organization of executives of smaller public companies. He works as a capital formation specialist with smaller public companies whose securities are traded over the counter and private companies seeking to access the public capital markets. He also invests in these companies. Mr. Connolly has over twenty-five years of experience in Wall Street as a licensed securities broker. Due to his experience in Wall Street, he served on the "Security and Exchange Commission Advisory Committee on Smaller Public Companies."
"I believe Mr. Drew Connolly's experience is a tremendous addition to the company and we are very fortunate to have him onboard," stated Mitch Freifeld. You can read about Drew Connolly in this link: http://secsearch.sec.gov/search?utf8=%E2%9C%93&affiliate=secsearch&query=drew+connolly
In other news, the share buyback program will begin on December 12, 2013 and conclude on December 18, 2013.
The plan, announced on September 20, 2013, calls for the repurchase of shares from the open market in privately negotiated transactions. For the shareholders that would like to sell their shares through the buyback program, the company will accept buyback requests received via certified mail until December 18, 2013. The company will then have 30 days to complete the repurchase.
About Wialan Technologies
Wialan, a next generation Wireless telecommunications provider, is poised for exponential growth from their five years of successful R&D, sales and installations of their impressive WiFi solutions spanning 10 countries. They have established a track record of successful installations in airports, municipalities, apartment buildings, parks, marinas and other locations that require a superior and more robust communication footprint than conventional WiFi providers. Among the outstanding features available with Wialan's wireless 802.11n 300 Mbps solutions is the capability of real-time live color video streaming for many simultaneous end-users, which can help companies with video on demand services to deliver their services wireless without using the Internet.
Safe Harbor: Except for historical information contained herein, the statements in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, risk inherent in the company's domestic and international operations, imprecision in estimating product reserves and the company's ability to replace and expand its holdings. For additional information, visit the websites below or contact the undersigned directly:
Wialan Technologies LLC
Follow us on Facebook at www.facebook.com/WialanTech
Address for Buyback request
10273 NW 46 Street
Sunrise FL 33351
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