Wialan Technologies Inc (WLAN)

[Bronco23]

Wi-Fidelity, LLC

During the first quarter, Wialan entered into a contract with Wi-Fidelity, LLC to supply $250,000 worth of wireless equipment, out of which about $26,000 worth of products were supplied in March under this agreement. The contract also includes standard monthly maintenance fees as well as revenue sharing agreements under which Wialan will provide subscriber management services to support Wi-Fidelity's subscription business.
Wi-Fidelity is a California-based entity that was set up by former Wialan CEO, Mr. Tim Peabody and other investors. It plans to use Wialan wireless products and applications to provide broadband Internet access, security and other applications to commercial and residential users in California and other pre-agreed markets. Mr. Peabody remains a significant shareholder of Wialan but is currently not involved in the management or day-to-day operations of the Company.

Wialan made progress in other projects that the Company has announced before and given below is a summary update on some of them


http://www.marketwired.com/press-release/wialan-technologies-inc-reports-first-quarter-results-pinksheets-wlan-1910547.htm