Breaking #Fintech News:
Weyland Tech's (OTCQX: $WEYL) CreateApp to Support Launch of Mobile App for
Push Interactive's 1,000,000-Subscriber AstrologyNova
NEW
YORK - December 5, 2019 (Investorideas.com Newswire) Weyland Tech,
Inc. (OTCQX:
WEYL),
a leading global Platform-as-a-Service (PaaS) provider of m-Commerce and
fintech solutions, is supporting an upcoming launch of a new mobile app on
Android and iOS for Push
Interactive's AstrologyNova horoscope community. This announcement follows
Weyland Tech announcing
last week its
plans to acquire Push.
Read this in full
at https://www.investorideas.com/CO/WEYL/news/2019/12051CreateApp.asp
"Weyland's
earlier work with Push to support the North American introduction of our CreateApp platform
led to this strategic acquisition and now co-developed mobile app," said
Eddie Foong, Weyland's chief product officer and founder of CreateApp.
"The AstrologyNova app has been one of our initial joint projects and a
technology testbed for enhancing our mutual platforms as we prepare CreateApp
for a major rollout to the U.S. SMB market. This includes new tools and APIs
now in place for tighter, more robust platform integration and an expanded
product pipeline."
While
the AstrologyNova app demonstrates the valuable synergies of the respective
platforms and sets the stage for revenue stream expansion, it also highlights
some of the significant brand value Push brings to the table. Push not only
provides end-to-end eCommerce services for SMB and major brands, but also has
valuable brands of its own like AstrologyNova.
AstrologyNova
taps the growing online ‘mystical services' market currently valued
at more than $2 billion. Since the launch of AstrologyNova.com in 2016,
signups have doubled year over year to now reaching more than 1 million
subscribers. Hundreds of thousands of subscribers are active daily on the
AstrologyNova online channel, which includes Facebook and other social media
outlets. More than a million customized astrological readings are emailed daily
to subscribers based on their submitted information, including career goals,
marital status and personal aspirations.
AstrologyNova's
basic subscription is free, with upgrade options of $4.99 and $9.99 per month
to receive more personalized astrological readings and predictions, as well as
other types of mystical readings based on numerology and Tarot. AstrologyNova
also generates revenue from targeted advertising via Google, Outbrain and PowerInbox and
other ad partners, and users can be re-engaged and remarketed for other
products and services.
The
new CreateApp-powered mobile app will offer a new level of accessibility and
interaction for AstrologyNova subscribers, while providing Push deeper insights
into user activity and personal preferences that can lead to greater
conversions and monetization.
The
Weyland CreateApp platform enables SMBs to deploy native mobile applications
without technical knowledge or background. Offered in 14 languages with more
than 70 integrated modules, it empowers businesses to increase sales, reach
more customers, manage logistics, and promote their products and services via
mobile in an easy, affordable and highly efficient way.
"We
attribute AstrologyNova's rapid user growth to our data driven lead capture
campaigns, optimized sales funnel, and proprietary content collection and
delivery platform," commented Push's chief technology officer, Tom
Furukawa. "We see the new native mobile app driving further acceleration
and broader market reach, particularly with younger demographics who are more
mobile centric. In addition to driving U.S. subscriber growth, Weyland's strong
presence in Southeast Asia and CreateApp's multi-language support opens up a
huge new international market for AstrologyNova in a turn-key fashion."
Weyland
and Push also see their success with the AstrologyNova laying the groundwork
for expansion to other verticals, including celebrities, careers, financial,
home improvement, politics, sports and other popular areas of interest. The
companies are already experimenting with a number of these verticals, with each
having the potential to generate rapid user growth and strong channel monetization.
Chris
Jahnke, chief marketing officer of Push, commented: "This new native
mobile app will reflect the close collaboration of our teams using the best of
breed technologies from both Weyland and Push. Content accessed via a mobile
app naturally provides better insights into user data. Revenue per impression
and user retention can be also much higher than solely a web-based
system."
"While
the traditional Shopify approach is geared toward websites, CreateApp permits
SMBs to create a native app with a more rewarding end-customer
engagement," added Jahnke. "It's truly the new Shopify for mobile-and
more. Under our combined forces, CreateApp is not only a highly scalable B2C
solution, but also B2B and B2B2C with extraordinary broad market opportunities."
About Weyland Tech
Weyland
Tech, Inc. operates as a Fintech focused company and is a developer and global
provider of mobile business software applications. The company operates its
CreateApp™ platform-as-a-service (PaaS) across three continents and 10
countries, including some of the fastest-growing emerging markets in Southeast
Asia. The platform provides a mobile presence for small-and-medium sized
businesses (SMBs) that is supported locally by distributor partnerships.
Offered
in 14 languages with more than 70 integrated modules, Weyland enables SMBs to
create and deploy native mobile applications for Apple iOS and Google Android
without technical knowledge or background. The technology empowers SMBs to
increase sales, reach more customers, manage logistics, and promote their
products and services in an easy, affordable and highly efficient way.
The
company's subsidiary, Weyland Indonesia Perkasa (WIP), operates AtozPay and
AtozGo. The AtozPay mobile payments platform serves the burgeoning m-Commerce
and e-Payment markets in Indonesia, the world's fourth most populous
country. AtozGo is a fast-growing short-distance
food delivery service in Jakarta, Indonesia.
Important Cautions
Regarding Forward Looking Statements
This
release contains certain "forward-looking statements" relating to the
business of the Company. All statements, other than statements of historical fact
included herein are "forward-looking statements" including statements
regarding: the ability of the Company to successfully collaborate with and
integrate Push, the continued growth of the e-commerce segment and the ability
of the Company to continue its expansion into that segment; the ability of the
Company to attract customers and partners and generate revenues; the ability of
the Company to successfully execute its business plan; the business strategy,
plans, and objectives of the Company; and any other statements of
non-historical information. These forward-looking statements are often
identified by the use of forward-looking terminology such as
"believes," "expects" or similar expressions and involve
known and unknown risks and uncertainties. Although the Company believes that
the expectations reflected in these forward-looking statements are reasonable,
they do involve assumptions, risks, and uncertainties, and these expectations
may prove to be incorrect. Investors should not place undue reliance on these
forward-looking statements, which speak only as of the date of this news
release. The Company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of a variety of
factors, including those discussed in the Company's periodic reports that are
filed with the Securities and Exchange Commission and available on its website
(www.sec.gov). All forward-looking statements attributable to the Company or
persons acting on its behalf are expressly qualified in their entirety by these
factors. Other than as required under the securities laws, the Company does not
assume any duty to update these forward-looking statements.
Company Contact
Brent
Suen, CEO
Weyland Tech Inc.
Weyland Tech Inc.
Media & Investor Contact
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