85 Broad Street, 16th Floor
New York, NY 10004
Full Time Employees: 17
Company power point : to Download Click Here
Weyland Tech President and CEO Purchases 900,000 Shares of Company Stock at .35 a share: Pursuant to Weyland Tech’s insider trading rules, company insiders who purchase the company’s common stock from any source are required to hold it for a minimum of two years.
Weyland Tech, Inc. (OTCQX -WEYL) – Weyland Tech Inc. is a developer and global provider of mobile business software applications. It operates its platform-as-a-service (PaaS) software platform across three continents and 10 countries, including some of the fastest-growing emerging markets in Southeast Asia. The platform provides a mobile presence for small-and-medium sized businesses (SMBs) that is supported locally by distributor partnerships. Offered in 14 languages with more than 70 integrated modules, Weyland enables SMBs to create and deploy native mobile applications for Apple iOS and Google Android without technical knowledge or background. The technology empowers SMBs to increase sales, reach more customers, manage logistics, and promote their products and services in an easy, affordable and highly efficient way.
Ticker: (OTCQX) - WEYL
State of Incorporation: Delaware
Price (01/22/2020): $0.40
52 Week Range: $0.24 - $0.99
Shares Outstanding: 111,304,253
Market Cap: $39,956,489
Avg. Volume (30D): 88,088
January 9th, 2020 - Weyland Tech Completes Acquisition of Push Interactive eCommerce Platform, Sets Stage for U.S. Launch of CreateApp for SMBs Nationwide
December 18th, 2019 - Weyland Tech Signs Definitive Agreement to Acquire Push Interactive’s U.S. eCommerce Platform for $25 Million
December 5th, 2019 - Weyland Tech’s CreateApp to Support Launch of Mobile App for Push Interactive’s 1,000,000-Subscriber AstrologyNova
December 3rd, 2019 - Weyland Tech CEO to Discuss Company’s Rapid Growth in Interview Webcasted Live Today by The Wall Street Resource at 4:30 p.m. EST
President & CEO
Mr. Suen has over 30 years in capital markets & investment banking, Telecom, Media & Technology sectors. Mr. Suen has operational experience with start-ups and growth companies in Silicon Valley in 1990s. He founded Axis Trading Corp. as one of the first online platforms for stock trading which was sold to Softbank in 1996. Mr. Suen also co-founded Elevation Capital in 1997 as investor/advisor to companies for IPO, M&A, partnerships and funding. Mr. Suen holds a BA degree in Finance from Westminster.
Chief Financial Officer
Mr. Choong has been the CFO of Weyland Tech since July 2015. He has over 30 years experience in finance as a Big 4 auditor, compliance and CFO. He’s the former vice chairman of Emerson Radio (NYSE: MSN) as well as the former CFO of HKSE-listed Byford London. Mr. Choong retired as Partner of Deloitte, Head of Business Development for Corporate Finance. He holds a BA in Accountancy from London Guildhall University, UK; Master of Business Administration from Hong Kong University of Science and Technology and Kellogg School of Management at Northwestern University.
Chief Operating Officer
Mr. MacNeil has over 30 years of experience in the financial services and technology industries. He has previously served as a portfolio manager for technology funds at Schroders Investment Management. Mr. MacNeil holds a Bachelor of Electrical Engineering from University of Connecticut and MBA from Columbia Business School.
James S. Painter III, CEO
Nicholas Dudek, VP of Sales
Emerging Markets Consulting, LLC
17(B) Compensation Disclosure: Compensation Disclosure: Section 17(b) of the Securities Act of 1933 requires that any person that uses the mails to publish, give publicity to, or circulate any publication or communication that describes a security in return for consideration received or to be received directly or indirectly from an issuer, underwriter, or dealer, must fully disclose the type of consideration (i.e. cash, free trading stock, restricted stock, stock options, stock warrants) and the specific amount of the consideration. In connection therewith, EMC has received the following compensation and/or has an agreement to receive in the future certain compensation, as described.
EMC has been paid $250,000 from Weyland Tech, Inc. for various marketing services including this Factsheet.
This document may contain forward-looking statements about WEYL’s business, operations or about the environment in which it operates which are based
on WEYL’s estimates, forecasts and projections. These statements are not guarantees of future performance and are subject to risks and uncertainties.
For more information, refer to WEYL’s SEC filings with the Securities and Exchange Commission.
ttm = trailing 12 months at 9/30/19. Balance sheet data as of 9/30/19.
Source: 1) Infotechlead 2) Adjust Global App Trends 2019 Global Bench Marks Report
3) Think with Google e-Conomy SEA 2018: Southeast Asia’s internet economy hits an inflection point
In my humble opinion this is a MAJOR catalyst to take a look at WEYL
“We recently reported 26% sequential topline growth for the third quarter of 2019, reaching a record $9.0 million, and we turned adjusted EBITDA positive,” commented Suen. “On a trailing 12-month basis, we’re at $32 million in revenue. Compared to our peers, the market valuation for a company like ours with a 100% subscription-based recurring revenue stream and growing at this rate should garner a several times multiple in its price-to-revenue ratio, rather than merely a fraction as it does today.”
Publicly-traded SaaS/PaaS companies typically trade on average at around 10x revenue according to Crunchbase, with other microcap comparables trading around 4x revenue on average. Companies with cloud-based software or software-driven platform-as-a-service models attract higher multiples due to ‘stickier,’ higher-margin customer engagements that provide greater transparency into revenue and profitability.
“We are encouraged by the increasing number of small-and-medium sized businesses coming onto our CreateApp platform, as well as existing customers’ rapid adoption of new features and modules,” continued Suen. “Given all of these factors, I believe the market price of our stock does not reflect our financial performance, the quality of our revenue, and the strong prospects for our growth to accelerate over the coming quarters. As a result, I have continued to invest personally in WEYL.”
Weyland Tech trades on the OTCQX: Thie OTCQX is the best platform offered on otcmarkets.com The company boasts two independent directors. Weyland is not your typical one man band nano cap stock. The company is traded on the best exchange on OTC markets and has independent directors as well as substantive revenues !
Press Release | 01/27/2020