Letter From the President of Wialan Technologies/ACYD
September 06 2013 - 7:14PM
Marketwired
Wialan Technologies (OTC Pink: ACYD) (the "Company")
Greetings,
First of all, I want to thank the ACYD shareholders for their
patience with the merger. As with all things, we experienced
unforeseen delays, but we are happy that everything has been
resolved and we are pleased that the transaction was concluded last
week.
I want to make clear a few points from the merger agreement, as
there may be some confusion. First, the Company received
1,900,000,000 shares which constitute 75% of the issued and
outstanding common stock of ACYD; these shares are restricted for a
year and Wialan has no interest in selling shares for any reason.
Our goal as a company and as partners in this venture is to build
value: for our shareholders, for our partners and for ourselves as
officers of the company. In the next thirty days you will see
several press releases describing our current successful
partnerships in the United States and in many other countries in
the wireless business. You will see why we do not intend to sell
any of our stock. Our business opportunities are truly endless. Our
wireless equipment is one of a kind and without peer in our
industry.
With respect to the modification of our current outstanding
share allocation, we have no plans to reverse split the ACYD
(Wialan) stock in the near future. In fact, as long as we perceive
the stock split to be detrimental to investors, we will not proceed
with that strategy. The mention of the reverse stock split in the
merger agreement between ACYD and Wialan indicated this strategy
was a potential option but not a requirement of the agreement. At
the current time, we do not intend to move forward with a reverse
stock split or to make any other change in the status of our
stock.
With respect to the issue of the conversion of the ACYD name and
trading symbol to Wialan Technologies, Inc. we have been advised
that the conversion process will take thirty to sixty days. We
appreciate your patience as we move forward with the conversion
process. I want all of shareholders to know that this conversion is
a high priority of the company and that we seek to complete this
task at the earliest possible time.
About Wialan Technologies
Wialan, a next generation Wireless telecommunications provider,
is poised for exponential growth from their 5 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 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, like Netflix, to
deliver their services wireless without using the Internet.
Wialan Technologies LLC http://www.wialan.com
Merger Agreement
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=110569
Timothy P. Peabody President Phone: 949 200 4610 Email:
timothy.peabody@wialan.com
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