Weyland Tech, Inc. Company Update on Insider Purchases
NEW YORK, NY.,- (NewMediaWire) – June 27, 2018 – Weyland Tech, Inc. (OTCQX: WEYL) (“Weyland” or “Company”), a provider of mobile business applications, announced today that its CEO Brent Suen purchased 28,000 shares of the Company’s common stock from the open market at a price average of $1.35. The purchases are in addition to the recently purchased 33,000 shares at an average price of $2.03. Additional details regarding the purchase can be found in Mr. Suen’s disclosure on Form 4 filed with the Securities and Exchange Commission on May 31, 2018 and today, June 27, 2018.
Furthermore, three members of the Company’s management, Eddie Foong, Matthew Brent and John MacNeil, recently purchased a total of 12,000 shares at an average price of $1.35.
Although the Company’s general policy is not to comment on market rumors or speculation, including market activities, the Company confirms that it has not taken any corporate action that would explain the recent trading activity and is not in possession of any material non-public information that would prompt the trading activity.
Further information about the Company’s eWallet spinoff/dividend initiative will be provided shortly as PwC, legal advisors and management are finalizing the structure.About Weyland Tech Inc.
About Weyland Tech Inc.
Weyland Tech is a global provider of mobile business applications. It’s CreateApp platform offers a mobile presence to businesses in emerging markets, with partnerships on 3 continents and growing. This DIY mobile application platform, offered in 14 languages with over 35 integrated modules, enables small and medium sized businesses (“SMB’s”) to create native mobile applications (“apps”) 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 in an easy, affordable and efficient manner.
In May 2018, the Company expanded its portfolio to fintech applications with the launch of its AtozPay mobile payments platform. The mobile wallet launched in the worlds 4th most populous country, Indonesia, and is already experiencing rapid growth in transactions taking place on the platform.
Follow Weyland Tech online at:
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.