Wialan Technologies Inc (WLAN)

[phillymike]

Brazil: On August 6, 2013 Wialan established and registered a 50/50 joint venture (I previously overlooked the fact, that the proposed JV LOI appears to have been subsequently ratified) in Brazil called Wialan Technologies Brazil with local Brazilian partners for the assembly, sale and deployment of Wialan’s combined wireless internet, video surveillance and public announcement systems throughout Brazil.

(Presently, these systems are being tested in Brazil for compliance with local regulatory compliance).

Due to delays on the certification the revenues and operating results from the foregoing 50/50 joint ventures that were expected to be reflected by Wialan commencing in calendar 2015 have moved to 2016.

http://www.anatel.gov.br/grandeseventos/en/

Just saying...

WLAN