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Letter From the President of Wialan Technologies/ACYD(September 06, 2013)
SUNRISE, FL -- (Marketwired) -- 09/06/13 -- Wialan Technologies (OTC Pink: ACYD) (the "Company")
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
Timothy P. Peabody
Phone: 949 200 4610
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