American Community Development Group, Inc. Updates Shareholders on Closing Schedule of Proposed Merger With Wialan Technologi...
June 28 2013 - 1:15PM
Marketwired
American Community Development Group, Inc. (OTC Pink: ACYD)
announces it expects the closing of the Wialan Technologies LLC,
(Wialan) merger will occur within 30 days.
An overwhelming majority of ACYD shareholders have approved the
merger and tendered to John Folger, President, CEO and Corporate
Director, the consent to undertake all of the actions
necessary.
This proposed merger and other matters were discussed during a
recent conference call and special shareholder meeting held last
Thursday, June 20th, 2013.
An archived copy of the conference call can be found on the
Wialan website. The link is http://wialan.com/news.php?id=49
The completed merger will provide Wialan with all of the
benefits of public company participation in the global capital
markets in some of the countries where their technology is already
deployed.
Wialan, a next generation telecommunications provider, is poised
for exponential growth from their 5 years of successful R&D,
sales and installations of their impressive WIFI solutions spanning
3 continents. They have established a multi-year track record of
successful installations in airports, municipalities, apartment
buildings, parks, marinas and other locations that require a
superior communication footprint. Among the unique features
available of their WIFI platform include the capability of
real-time live color video streaming and a compact public address
system, which can be programmed to alert responsible parties or
even law enforcement, thereby enabling early warning public
announcements and notification.
Safe Harbor for Forward-Looking Statements: 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: http://acdginc.com
http://www.wialan.com
John Folger President and Chief Executive Officer American
Community Development Group, Inc. Direct Cell 727-277-8196 EFax
727-499-7474 Email jfolger@acdginc.com
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