SUNRISE, FL -- (Marketwired) -- 08/29/14 -- Wialan Technologies, Inc (OTC Pink: WLAN) (PINKSHEETS: WLAN), a next generation telecommunications provider, today announced today that all of the executive management team and Board of Directors have agreed to a "lock down" agreement that maintains the restriction of Ninety-Five Percent (95%) of all issued shares issued relating to ACYD/Wialan merger that occurred in August 2013.
"Wialan Technologies' commitment to share value enhancement is best symbolized by the commitment of the Wialan Board of Directors and other senior executives to the continued restriction of the majority of all shares received in the merger with ACYD. Our commitment to our shareholders and building shareholder values is paramount for our company as we build one of the most exciting technology companies in the world," commented Alan Bailey, Chief Executive Officer of Wialan Technologies, Inc.
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, to deliver their services wireless without using the Internet. For more information, visit www.wialan.com.
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.