WEYL Overview...
Weyland Tech's CreateApp platform is offered in twelve languages and enables small-medium-sized businesses ("SMBs") to create a mobile application ("app") without the need of technical knowledge, high investment and background in IT.
SMB's can increase sales, reach more customers and promote their products and services via a simple easy to build mobile app at an affordable and cost-effective manner.
On January 19, 2016 the company signed a Software Licensing Agreement ("SLA") with Info Zone Development Limited ("Info Zone") to provide a 'white label' rollout of the Company's CreateApp platform in the Hong Kong and China market.
On January 21, 2016 the company signed an exclusive Software Licensing Agreement ("SLA") with Silver Ridge-Tangerine Sdn Bhd ("Silver Ridge") to provide a 'white label' rollout of the Company's CreateApp platform in Malaysia.
On February 11, 2016 the company signed an exclusive Software Licensing Agreement ("SLA") with Augicom S.A., ("Augicom") to distribute the Company's CreateApp platform in the Euro-Zone except Russia, Turkey, Armenia and Azerbaijan.
On February 24, 2016 the company signed a Term Sheet ("TS") with Meta 4 Group SarL ("Meta4") to form a joint venture partnership for the rollout of Meta4's 'Worldfriend's' network platform in the greater Indonesia market.
On March 9, 2016 the company signed an exclusive Software Licensing Agreement ("SLA") with Aurum Digital, Inc. ("Aurum") to distribute CreateApp in the Americas, covering North, Central and South Americas.
On March 14, 2016 the company signed an exclusive Software Licensing Agreement ("SLA") with IAM, Inc. ("IAM") to distribute CreateApp in the Republic of Korea.
On March 22, 2016 the company signed the joint venture agreement ("JV") with Meta 4 Group SarL ("Meta4") for the rollout of Meta4's 'Worldfriend's' network platform in the greater Indonesia market.
Plan of Operations
Although Weyland Tech's CreateApp platform originally focused on the ASEAN and Pan-Asia markets, we have partners that work with us to develop the EU and North American markets. The CreateApp platform is offered in twelve languages and enables small-medium-sized businesses("SMB's") to create a mobile application ("app") without the need of technical knowledge, high investment and background in IT.
SMB's can increase sales, reach more customers and promote their products and services via a simple easy to build mobile app at an affordable and cost-effective manner.
Weyland Tech currently offers the CreateApp platform directly, in the following key markets:
Singapore:
www.createappsingapore.com
India (Jaipur):
www.aapkiapp.in
US/Canada:
www.createappamericas.com
Weyland Tech currently offers a DIY App builder through a 'white label' platform, in the following markets:
EU (excluding Russia, Turkey, Armenia, Azerbaijan) via a Strategic Partnership with Augicom S.A. www.augicom.ch
Malaysia via a Strategic Partnership with Silver Ridge Tangerine Sdn Bhd www.silverridge.com.my
Hong Kong/ South China via a Strategic Partnership with Info Zone Ltd.
Indonesia via a Strategic Partnership with Worldfriend's Network www.worldfriends.com
North America via a Strategic Partnership with Aurum Digital Inc. www.createappamericas.com
Korea via IAM, Inc. www.createapp.kr (launches June 1, 2016)
The Company believes that the strategic partnerships that were structured in late 2015 and early 2016, represent a large enough addressable market opportunity to generate sales and profits in a scalable manner, grow the Company's business and enhance shareholder value.
Subsequent Events
On April 12, 2016 the Company’s partner, Aurum Digital, signed an exclusive customer agreement with World Black Belt, Inc. (“WBB”), to rollout the CreateApp platform within WBB’s 5,035-Direct member network and marketing to WBB’s Affiliate Network of 33,000 Martial Art’s Schools.
On April 15, 2016, the Company applied for uplisting to the OTC Markets Group’s ‘OTCQB Marketplace’ which is a higher tier market for publicly traded companies. It is expected that the Company’s uplisting will be effective before June 1 st , 2016.
WEYLAND TECH, INC.’S “CREATEAPP” PLATFORM CHOSEN AS ONE OF THREE FINALISTS IN ASIA SMARTPHONE SUMMIT 2016
Hong Kong – May 17, 2016 – Weyland Tech Inc. (OTC: WEYL), a mobile applications provider announced today that its CreateApp platform is one of the three finalists in the Category "Advertising & Marketing" at the 2016 Asia Smartphone Summit in Hong Kong, June 15-16.
Hong Kong is among the world leaders in terms of mobile subscription and smartphone penetration. In the recent years, Hong Kong and Singapore have the highest smartphone penetration rate (87%) in Asia Pacific and Hong Kong has the highest tablet ownership ratio (57%).
To recognize the excellence of innovative smartphone apps development and provide a platform for top smartphone apps professionals in the region to meet, share, collaborate and learn from each other, Hong Kong Wireless Technology Industry Association (WTIA), the summit’s organizer, follows up on the success of last year’s Asia Smartphone Apps Summit 2015. By joining forces with co-organizers from Israel, Japan, Korea, Mainland China, Malaysia, Singapore & Taiwan, WTIA will bring this timely event to further facilitate the growth of this burgeoning sector in Asia.
About the Hong Kong Wireless Technology Industry Association (WTIA)
Hong Kong Wireless Technology Industry Association (WTIA), established in 2001, is a non-profit trade association registered in Hong Kong to provide a platform for the wireless-related business to work together to facilitate the industry development and growth. Our objectives are to: Promote the development, usage and awareness of wireless technology applications in Hong Kong, enhance communication and partnership between different types of companies in the wireless technology industry, represent and safeguard the interests and opinions of the wireless technology industry to the Government and other international parties and advance the professional standards of software and hardware development in wireless technology applications.
WEYLAND TECH INC. FINANCIAL HIGHLIGHTS FOR THE 2016 FIRST QUARTER ENDED MARCH 31, 2016.
Hong Kong – May 25, 2016 – Weyland Tech Inc. (OTC:WEYL) ("Weyland Tech" or the "Company"), a mobile applications provider, is providing shareholders with a financial update and a highlight of key accomplishments for the 2016 First Quarter ended March 31, 2016.
Service Revenue
Service Revenues were $ 2,261,455 and $480,000 for the three months ended March 31, 2016 and 2015, respectively. The increase is due to the significant contribution from the CreateApp platform effective September 1, 2015.
Cost of Service
Cost of Service was $634,331 and $475,000 for the three months ended March 31, 2016 and 2015, respectively. The movement is due to costs and increased scale of service operation in connection with the CreateApp platform effective September 1, 2015.
Operating Expenses
General and administrative expenses: General and administrative expenses were $ 257,142 and $14,616 for the three months ended March 31, 2016 and 2015, respectively. The increase is mainly due to the change in cost structure incorporating the CreateApp platform effective September 1, 2015 and an increased scale of operation of our business. Included in General and administrative expenses were Amortization of development costs capitalized of $ 83,333 (2015: Nil).
Net Income
The Company had a net income of $1,369,982 for the three months ended March 31, 2016 as compared to a net loss of $9,616 for the three months ended March 31, 2015. The significant increase in net income is mainly due to the contribution from the services offered through the CreateApp platform effective September 1, 2015.
Net Profit (Loss) Per Common Share - basic and fully diluted
The Company had net profit per common share of 0.089 for the three months ended March 31, 2016 as compared to a net loss per common share of (0.000692) for the three months ended March 31, 2015.
