|[September 20, 2013]
Wialan Technologies Agrees to Repurchase ACYD Stock
SUNRISE, Fla. --(Business Wire)--
Wialan Technologies (OTC Pink: ACYD), a next generation
telecommunications provider, today announced that the board of directors
have approved an aggressive strategy to tighten up its share structure
and decrease the float up to one hundred million shares.
The plan, starting October 1, 2013, calls for the repurchase from the
open market or in privately negotiated transactions. The repurchase of
stock will continue until the value has increased by 300 percent as of
"The repurchase plan shows our confidence in the long-term potential for
Wialan Technologies and our commitment to increasing shareholder value.
We believe that the ACYD share value is greatly undervalued by the
market, and it is our goal to raise our stock price by 300 percent by
the end of this year, with substantial share value increases in 2014,"
commented Timothy Peabody, Chief Executive Officer.
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 (News - Alert) 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, like Netflix, to deliver their services wireless
without using the Internet.
Safe Harbor Statement
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.
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