Logiq Inc (LGIQ)

[md1225]

Even a quarter enrollment of the 6 million small merchants would put WEYL at unicorn status!

New York, NY, June 13, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Weyland Tech Inc. (OTCQX: WEYL) (“Weyland” or the “Company”), a global provider of mobile business applications, announced today that a pilot program for the rollout of its CreateApp Platform as a Service (“PaaS”) is underway in Indonesia.

The Company is initiating the pilot program to gauge market interest and determine the best business model to reach the major telco partner’s 6 million micro-small business customers. Matthew Brent, Head of Corporate Development and Product Strategy, said, “The feedback we’ve received from preliminary focus groups has indicated strong interest in the capability of our platform’s marketing and advertising tools to generate revenue among the micro-small business community, which also has the potential to create new opportunities for us to cross-sell to affinity groups and through the AtoZPay retail network.”

Over the next few months, the Company intends to apply the results of the pilot program to a full commercial launch of CreateApp in Indonesia, working closely with the major telco to ramp up customer and sales support in order to provide adequate coverage should the rollout scale up as envisioned.