|Over a week ago|
Weyland Tech adds AR capability to CreateApp platform-as-a-service » 08:5807/2007/20/20
Weyland Tech has…
Weyland Tech has introduced a new augmented reality module for its CreateApp platform-as-a-service used by businesses worldwide. CreateApp enables small-and-medium sized businesses to instantly create a mobile presence and deploy a native iOS or Android mobile app without any technical knowledge or background. It empowers SMBs to reach more customers, increase sales, manage logistics, conduct financial transactions, and promote their products and services in an easy, affordable, and highly efficient way. The CreateApp user base of businesses across Southeast Asia and Europe grew 47 percent last year to more than 360,000 and generated a record $34.6M in subscription-based revenue.
Weyland Tech renames Push Interactive as Logiq » 08:4407/1507/15/20
Weyland Tech has renamed…
Weyland Tech has renamed its eCommerce-focused subsidiary from Push Interactive to Logiq. The company said, " The new name reflects the evolution of Logiq from a direct-to-consumer eCommerce managed services company to a provider of data-driven consumer intelligence. The LogiqX data engine, powered by proprietary methodologies and AI systems, delivers valuable consumer insights that can dramatically enhance the effectiveness, reach, and ROI of online marketing spend of enterprises and brands."
Weyland Tech engages Benchmark to explore strategic alternative » 08:3307/1007/10/20
Weyland Tech has engaged…
Weyland Tech has engaged The Benchmark Company to assist Weyland in the exploration and evaluation of strategic alternatives for enhancing shareholder value. These alternatives could include, among others, continuing to execute the company's business plan, including an increased focus on certain standalone strategic initiatives, the disposition of certain assets, or a strategic business combination. It could also include a transaction that results in private ownership or a sale of the company or some combination of one or more of these possible alternatives. More specifically for Weyland, strategic alternatives could include a sale of its AtozGo and AtozPay platforms, a business combination such as a merger with another party, or a strategic investment financing which could support the accelerated growth of its CreateApp platform-as-a-service internationally.
|Over a month ago|
Weyland Tech's CreateApp deploys first mobile apps for small businesses in Italy » 08:4206/1606/16/20
Weyland Tech has…
Weyland Tech has officially launched its CreateApp mobile commerce platform-as-a-service in Italy as the country reopens following the COVID-19 lockdown. As Italy works to revitalize its economy, CreateApp allows the more than 172,000 small businesses across the country to easily and affordably establish a new mobile presence. CreateApp was launched in Italy in partnership with Medias-Com'S SA, a Swiss company specializing in media and communications. Medias-Com'S is joined by Infomaniak, one of Switzerland's leading web solutions companies.
Weyland's AtozGo expansion in residential Jakarta reaches 500 deliveries per day » 08:5106/1206/12/20
Weyland Tech announced…
Weyland Tech announced expansion of the AtozGo delivery service into residential Jakarta has now reached 500 deliveries per day being ordered by more than 2,000 registered residential users. The service has also attracted now more than 1,000 delivery people, up from 680 in March, by providing flexible hours and unlimited income potential. Many new merchants have also signed up for AtozGo, now totaling 21,000, providing a broader selection of options available to AtozGo customers. Previously available only to city office workers, in April AtozGo extended its service area and hours of operation to allow the Indonesian city's urbanites to use its mobile app to order food from local grocery and convenience stores. Residents can also order household services, including dry cleaning, shoe repair, maintenance, cleaning and water bottle delivery. After being in a COVID-19 lockdown since early March, over the next few weeks, workplaces, places of worship, shopping centers and recreational venues are expected to gradually reopen, as reported by the Straits Times. They will be required to follow certain health guidelines, including operating at 50 percent capacity and requiring individuals to maintain a distance of one meter. Powered by Weyland's m-Commerce technology and the AtozPay mobile payment platform, AtozGo supports these guidelines by allowing customers to easily order and pay for deliveries and services using AtozGo and their AtozPay e-Wallet. Many residents have already been using the AtozPay fintech solution to pay their phone, utility, rent and other personal bills. AtozPay transaction volume was virtually unaffected by COVID-19, with an annualized gross transaction volume on pace at more than $15 million over the last few months. Based on the momentum AtozGo was experiencing pre-pandemic, the company anticipates that as the city returns to normal over the next few weeks, deliveries will increase from around 15,000 overall to more than 20,000 deliveries per day, with the number of registered users to grow from more than 100,000 to more than 150,000.
|Over a quarter ago|
Weyland's AtozGo expands food delivery service to Jakarta residential consumers » 08:5504/2804/28/20
Weyland Tech has expanded…
Weyland Tech has expanded AtozGo, its food delivery service for office workers in Jakarta, Indonesia, to the city's residential tenants. The extended service area and hours of operation allows the city's urbanites to use the AtozGo mobile app to order food from local grocery and convenience stores, as well as other household services, including dry cleaning, shoe repair, maintenance, cleaning and water bottle delivery. Powered by Weyland's m-Commerce technology and the AtozPay mobile payment platform, AtozGo allows users to easily pay for their deliveries and services using their AtozPay e-Wallet. Many city tenants have already been using the AtozPay fintech solution to pay their phone, utility, rent and other personal bills, with more than $24 million being transacted on the platform annually and growing. AtozGo makes delivery of food or services from local establishments quick and easy, and over the last eight months since its launch, the number of AtozGo registered users has grown to more than 105,000.
Weyland Tech sees limited impact on core business from COVID-19 » 08:4803/1903/19/20
Weyland Tech has provided…
Weyland Tech has provided a corporate update. "Given the subscription-based model of our flagship CreateApp mCommerce platform and the benefits of digital customer interaction continuing to drive activity, we see limited impact on our core business from COVID-19," commented Weyland Tech CEO, Brent Suen. "We've had recent minimal effect on productivity and customer service. To be sure, it remains a fluid situation, and we will continue to closely monitor developments and adjust accordingly." In January, Weyland completed the acquisition of the Minneapolis-based eCommerce technology company, Push Interactive, which provides an eCommerce marketing solution for enterprises and major U.S. brands, including HomeAdvisor, QuinStreet and Sunrun. The integration has proceeded smoothly and is now virtually complete. Weyland reported earlier that it exited 2019 at an annualized run rate of more than $48.6 million, or $60.6 million on a combined pro forma basis with Push. This compares to $22.7 million in revenue for Weyland alone in 2018. Weyland continues to see growth in 2020, with an outlook aligned with industry analyst expectations for other e-Commerce companies like Amazon. Weyland also reported that the number of registered users for AtozGo, the company's popular hyper-local food delivery service in Jakarta, Indonesia, has as exceeded more than 100,000, climbing by more than 14,000 since mid-February. The 100,000-user milestone for AtozGo was achieved within only eight months since the app's official launch. AtozGo users are collectively generating an average of more than 15,500 delivery orders per day after recently hitting a high of 17,500. While down about 10% due to the ongoing 14-day period of 'social distancing' recommended by the government resulting in more people not commuting to the city and working from home, an increasing percentage of orders have been for unprepared food and household supplies from local grocery and convenience stores. In February, Weyland implemented a 1-for-13 reverse split of its common stock on February 27, 2020. The company expects the reverse split to allow its stock price to meet the listing requirements for The Nasdaq Capital Market, and it is currently involved in advancing the application and review process.
Weyland Tech launches CreateApp marketing campaign across Indonesia » 08:5702/2702/27/20
Weyland Tech has…
Weyland Tech has partnered with Indosat Ooredoo to launch a nationwide marketing campaign for Weyland's CreateApp mCommerce platform. To drive signups, Indosat will offer the more than 6 million small and medium sized businesses in its nationwide subscriber network a 30-day free trial subscription to CreateApp. Indosat's internal sales teams will lead the effort, with its customer service supporting the end-users. Indosat SMB customers who subscribe to CreateApp will be billed through their Indosat cell phone bills. Weyland will provide Indosat an ad channel on CreateApp via Google AdMob. The CreateApp platform-as-a-service enables businesses to create and deploy native mobile applications for Apple iOS and Google Android without technical knowledge or background.
Weyland Tech implements 1-for-13 reverse common stock split » 16:3402/2602/26/20
Weyland Tech has…
Weyland Tech has implemented a 1-for-13 reverse split of its common stock to be effective prior to the opening of the market tomorrow, February 27. The stock will begin trading on a post-split basis under the symbol, WEYLD, for 20 business days, after which it will return to trading under the symbol, WEYL. "We expect that this reverse split will allow our stock price to meet the listing requirements for The Nasdaq Capital Market," said Weyland Tech CEO Brent Suen.
Weyland Tech receives request for comment on recent promotional activity » 16:0402/1302/13/20
Weyland Tech has received…
Weyland Tech has received a request by the OTC Markets Group to comment on recent promotional activity related to Weyland Tech's common stock traded on the OTC Markets. On January 21, Weyland Tech engaged Emerging Markets Consulting to independently develop and publish digital media to help build awareness for Weyland Tech as a publicly traded company. Materials published on February 10 by EMC or its contractors presented a general overview of the company's business as well as the growth potential of the company and its industry. Weyland Tech provided EMC publicly available source information for these materials, but did not have editorial control over the materials, including reviewing the materials for factual accuracy prior to their dissemination. On February 10, company management learned that some materials may have included speculative language and forward-looking statements about the company's future prospects; however, the company believes that none of the materials published were misleading or false, or included information regarding the company that had not yet been previously disclosed by the company in compliance with Regulation FD and related SEC reporting requirements. The company has not determined whether the publication of the materials had a material impact on the trading of the company's common stock. The company has ended its engagement with EMC and arranged for discontinuance of the dissemination of these materials. Upon inquiry of the company's management, directors, control persons and third-party service providers, and to the best of the company's knowledge, during the past 90 days no such persons executed any transactions of the company's securities for purchase or sale of stock, except as to purchases made by company management as previously disclosed in press releases issued on November 19, 2019 and February 10, 2020. Weyland Tech company policy requires insiders who purchase the company's common stock from any source to hold the stock for a minimum of two years.