Weyland Tech Inc. Eurozone Partner Announces New Business Win & Enters Talks With eSports Partner
HONG KONG–(Marketwired – Aug 29, 2017) – Weyland Tech Inc. (OTCQB: WEYL) (“Weyland Tech” or the “Company”), a provider of mobile business applications, today announced that its exclusive eurozone partner, Augicom S.A., has entered into a partnership with Orange Pro. As part of this agreement, Weyland Tech’s CreateApp will be made available to Orange Pro clients via “la Carte Pro” program or ‘Pro Card’ in English.
On February 11, 2016, the Company signed an exclusive license agreement (“SLA”) with Augicom SA of Switzerland (“Augicom”) to market, sell and distribute the company’s CreateApp platform in the Euro Zone, Madagascar and Tunisia.
Augicom is an active provider of voice / data telecommunication minutes and has major partnerships with major European carriers including Orange, Colt Telecom, Deutsche Telekom and many others.
The “Pro Card” program of Orange is a loyalty program for independent professionals and SMBs.
Gilles Auclaire, Director of Augicom, commented: “We are extremely excited about the relationship with our Orange Pro partnership and believe that this is likely to become even stronger as commercial customer traction increases.”
It is believed that initial sales will begin the fourth quarter of 2017 or first quarter of 2018.
Orange Pro operates under the business umbrella of Orange S.A., formerly France Télécom S.A., is a French multinational telecommunications corporation. It has 256 million customers worldwide and employs 95,000 people in France, and 59,000 elsewhere. In 2015, the group had revenues of EUR 40 billion. Orange S.A. is listed on the Euronext Stock Exchange under the symbol ORA and as an American Depository Receipt on the NYSE: ORAN.
Additionally, the Company has begun exploratory discussions with an eSports video aggregation operator regarding a potential partnership and the building of an online betting app for the eSports industry. Due to the high growth of the eSports sector, we anticipate that the app would be marketed worldwide and find exposure through JV’s with entities such as casinos and other gambling avenues. Further details will be released as progress is made.
About Weyland Tech Inc.
Weyland Tech’s “CreateApp” platform focuses on the Asia markets. The CreateApp platform is offered in 12 languages and enables small-medium-sized businesses (“SMBs”) to create a mobile application (“app”) without the need of technical knowledge and background. SMBs can increase sales, reach more customers and promote their products and services with a simple easy to build mobile app at an affordable and cost-effective manner, http://www.weyland-tech.com/
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.” The statements regarding the continued growth of the mobile app segment and the ability of the Company to continue its expansion into that segment and the ability of the Company to attract customers and partners and generate revenues. Often these forward-looking statements are 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). Expressly, all forward-looking statements attributable to the Company or persons acting on its behalf are 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.