Posted On: 09/05/2013 10:53:25 PM
Post# of 29862
$ACYD http://www.otcmarkets.com/stock/ACYD/news/Let...25&b=y
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Letter from the President of Wialan Technologies
SUNRISE, FL, Sep 5, 2013 – Wialan Technologies (OTC
Pink: ACYD, the “Company”)
Greetings,
First of all, I want to thank the AYCD shareholders
for their patience with the merger. As with all th
ings, we experienced
unforeseen delays, but we are happy that everything
has been resolved and we are pleased that the tran
saction was concluded
last week.
I want to make clear a few points from the merger a
greement, as there may be some confusion. First, t
he Company received
1,900,000,000 shares which constitute 75% of the is
sued and outstanding common stock of ACYD; these sh
ares are restricted
for a year and Wialan has no interest in selling sh
ares for any reason. Our goal as a company and as
partners in this venture is
to build value: for our shareholders, for our part
ners and for ourselves as officers of the company.
In the next thirty days you
will see several press releases describing our curr
ent successful partnerships in the United States an
d in many other countries in
the wireless business. You will see why we do not
intend to sell any of our stock. Our business oppo
rtunities 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 out
standing share allocation, we have no plans to reve
rse split the ACYD
(Wialan) stock in the near future. In fact, as lo
ng as we perceive the stock split to be detrimental
to investors, we will not
proceed with that strategy. The mention of the re
verse stock split in the merger agreement between A
CYD and Wialan
indicated this strategy was a potential option but
not a requirement of the agreement. At the curren
t time, we do not intend
to move forward with a reverse stock split or to ma
ke 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 thirt
y to sixty days. We appreciate your patience as w
e 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 telecommunicatio
ns provider, is poised for exponential growth from
their 5 years of
successful R&D, sales and installations of their im
pressive WIFI solutions spanning 10 countries. They
have established a track
record of successful installations in airports, mun
icipalities, apartment buildings, parks, marinas an
d other locations that require
superior and more robust communication footprint th
an conventional WIFI providers. Among the outstandi
ng features
available with Wialan’s wireless 802.11n 300 Mbps s
olutions is the capability of real-time live color
video streaming for many
simultaneous end-users, which can help companies wi
th video on demand services, like Netflix, to deliv
er their services wireless
without using the Internet.
Wialan Technologies LLC http://www.wialan.com
Merger Agreement https://www.otciq.com/otciq/ajax/sh
owFinancialReportById.pdf?id=110569
Timothy P. Peabody
President
Phone: 949 200 4610
Email: timothy. peabody@wialan.com
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I'm in it to win it!
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
