HONG KONG, Dec. 12, 2017 (GLOBE NEWSWIRE) -- Weyland Tech, Inc. (OTCQX: WEYL) ("Weyland" or "Company"), a provider of mobile business applications, announced today that its upcoming mobile wallet AtozPay has entered beta.
“I am thrilled to congratulate the team we recently brought on to develop AtozPay on reaching this important milestone. We have reached the point where the application itself has entered beta and the marketing team has begun reaching out to customers in the marketplace. Having seen what this team has been able to do with AtozPay in a few months, I understand how they were able to generate $100 million in top-up revenue on their previous project in just 14 months. Our internal projections indicate Weyland Tech will reach similar milestones with AtozPay,” said Weyland Tech CEO, Brent Suen.
“Weyland is fortunate to be able to bring on this skilled team as a complete group. Their experience will allow us to move through the beta quickly and proceed from this soft launch to fully live in short order,” added Weyland’s Director of Capital Markets, John MacNeil.
While the AtozPay team has focused on app development, management has been working diligently to lay the corporate infrastructure to begin formal operations.
“Shareholders frequently ask why we are starting AtozPay in Asia generally, and Indonesia in particular. I always recommend they look into where Apple has entered the market with ApplePay, Alphabet has launched Android Pay, and Samsung has focused with Samsung Pay. The fact is emerging Asia is currently underrepresented,” noted Mr. Suen.
Matthew Brent, Head of Strategic Development, observed, “Indonesia is the 4th most populous country in the world and is served by none of them. In our view, it’s a wide open market to establish revenue and market share among a young mobile savvy population. Our QR code based wallet is the right technology for this marketplace.”
Weyland Tech looks forward to providing additional updates as progress on our mobile wallet and other initiatives continues.
About Weyland Tech Inc.
Weyland Tech's CreateApp platform is focused on the Asia markets. Our CreateApp platform offered in 14 languages, enables small and medium sized businesses ("SMB's") to create native mobile applications ("APP") for Apple's iOS and Google Android without technical knowledge or background. Empowering SMB's to increase sales, reach more customers and promote their products and services via simple easy to build mobile APPs in an affordable and cost-effective manner.
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Weyland Tech Facebook Page ( https://www.facebook.com/weylandtech )
Weyland Tech Twitter Feed ( https://twitter.com/weylandtechinc )
Weyland Tech LinkedIn Page ( https://linkedin.com/company/weylandtech )
Brent Suen, CEO Public Facebook Page ( https://www.facebook.com/BrentSuenWEYL )
Brent Suen, CEO Public Twitter Feed ( https://www.twitter.com/BrentSuenWEYL )
Safe Harbor Statement
This release contains certain "forward-looking statements" relating to the business of the Company. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding: the continued growth of the e-commerce segment and the ability of the Company to continue its expansion into that segment; the ability of the Company to attract customers and partners and generate revenues; the ability of the Company to successfully execute its business plan; the business strategy, plans, and objectives of the Company; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions and involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks, and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website ( http://www.sec.gov ). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume any duty to update these forward-looking statements.
CONTACT WEYLAND TECH @: info@weyland-tech.com www.weyland-tech.com
