Wialan Technologies Announces New Director to the Board and Buyback Program
December 12 2013 - 11:37AM
Marketwired
Wialan Technologies Announces New Director to the Board and Buyback
Program
SUNRISE, FL--(Marketwired - Dec 12, 2013) - 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 http://www.wialan.com Victor Tapia
Vice-President Phone: 888-407-7762 Email: partners@wialan.com
Follow us on Facebook at www.facebook.com/WialanTech Address for
Buyback request 10273 NW 46 Street Sunrise FL 33351
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