Wialan Technologies Agrees to Repurchase ACYD Stock


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 closing yesterday.

"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 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.

Wialan Technologies
Timothy Peabody, 888-407-7762
Chief Executive Officer

KEYWORDS: United States North America Florida


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