Breaking
#Fintech #Stock News: Weyland Tech (OTCQX: $WEYL) Joins Forces with
Medias-Com'S SA to Introduce the Power of CreateApp to Small Businesses Across
Italy; @weylandtechinc
NEW
YORK - February 24, 2020 (Investorideas.com Newswire) Weyland Tech,
Inc. (OTCQX:
WEYL),
a leading global provider of mCommerce platform-as-a-service (PaaS), eCommerce
managed services and fintech solutions, is preparing to launch its CreateApp
mobile commerce platform-as-a-service in Italy.
Read this news
release featuring WEYL in full at https://www.investorideas.com/CO/WEYL/news/2020/02241Medias-Com-CreateApp.asp
The
availability of CreateApp will allow the more than 172,000 small businesses
across the country to easily establish and manage their mobile presence. To
support the launch, Weyland has partnered with Medias-Com'S SA, a Swiss company
specializing in media and communication.
Medias-Com'S
will be joined by Infomaniak, one of the leading web solutions companies in
Switzerland. Founded in 1994, Infomaniak has more than 130 employees and annual
revenue of 25 million euros. Also partnered with Medias-Com'S for the campaign
is Proteus, a leading IT company that provides Internet access and eCommerce
applications to businesses across Italy.
"Italian
small businesses have been grossly underserved in terms of mobile solutions,
and we have found CreateApp to be an ideal solution for any business looking to
create a mobile app to promote its product or services," commented Paolo
Tozzini, owner and manager of Proteus. "Unlike anything else we've seen on
the market, CreateApp enables business managers to easily create and deploy
native mobile applications without technical knowledge or background. With
CreateApp, they can finally leverage the power of mobile to increase sales,
reach more customers, manage logistics and conduct financial transactions in a
simple, affordable and highly efficient way."
CreateApp
will be offered under the brand name, Medias-ComApps, with initial pricing set
at 25-110 euros per month. It will include a business exchange platform for
Asia-based companies to conduct cross-border business. The exchange will
feature a unique on-the-fly language translation capability for B2B and B2B2C members
interacting and engaging in e-Commerce via the platform.
First
launched in Southeast Asia, CreateApp has attracted a large user following,
growing 47 percent over the last year to more than 360,000. The launch in Italy
follows the company's entry
into Taiwan in
association with Line Corp., and in the U.S. through its recent acquisition
of Minneapolis-based Push Interactive.
"Entering
the Italian small business market with a premium partner like Medias-Com'S
represents another major step in plans for global expansion," commented
Weyland CEO, Brent Suen. "It also highlights the highly-scalable,
low-capex nature of our platform, with localized features that can be supported
by regional partners. As our partnership with Medias-Com'S develops, we see our
CreateApp platform being offered in Germany, France, Switzerland and the
Benelux region."
According
to Statista, Italy has one of the largest e-Commerce markets in Europe that is
expected to grow nearly two-fold, from $12.3 billion in 2017 to $24.1 billion
by 2023. Key factors driving this growth include greater Internet penetration and the
growth in the number of mobile
users.
Mobile shopping has also gathered significant momentum in the country, with
nearly 31% of all
e-Commerce B2C sales transacted via mobile.
Weyland's
recent acquisition of Push Interactive is expected to also provide specialized
lead-generation tools for Italian small businesses to increase their online
sales. Push Interactive's
direct-to-consumer eCommerce platform provides an end-to-end solution for
enterprises and major U.S. brands that include HomeAdvisor, QuinStreet and Sunrun.
"There
are many exciting opportunities to add features and enhancements to CreateApp
as provided by Push Interactive and our comprehensive suite of eCommerce
products and services," added Suen, "with this all helping to drive
expansion of our recurring, high-margin revenue stream over the coming
quarters."
About Media-Com'S SA
Médias-Com'S
is a Swiss company specializing in media and communication and all the branches
that surround it. The company offers various online solutions that facilitate
communication. This includes Medias-ComApps, an online platform for the
creation of tailor-made mobile applications, and Medias-coms Signage, an online
platform for the management of advertising screens. Medias-Com Shops is an
online trading platform that facilitates the purchase of computer equipment.
For more information, visit medias-coms.ch.
About Proteus
Launched
in 1994, Proteus is a leading regional IT provider with clients ranging from
The Vatican, multiple Italian ministries, Leica Microsystems ($1bb Euro
enterprise) to many large enterprise clients across Italy.
For more information, visit the company's website here.
About Infomaniak
Founded
in 1994 and wholly owned by its founders and employees, Infomaniak is an
independent company based exclusively in Switzerland. Not only are 70% of its
employees highly qualified engineers, it also focuses systematically on
internal development and open source solutions to design its products. This
allows it to keep evolving its services while ensuring optimum guarantees of
security and confidentiality for its customers. The company has more than 130
employees with annual revenue of 25 million euros. For more information,
visit www.infomaniak.com/en.
About Weyland Tech
Weyland
Tech 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, CreateApp 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. For more
information, visit weyland-tech.com.
About Push Interactive
The
e-Commerce platform of Weyland's Push Interactive subsidiary features
comprehensive customer acquisition capabilities, highly productive media and
channel strategies, well-tuned product promotion and messaging, and sales
funnel development and optimization. The direct-to-consumer platform provides
an end-to-end solution for SMBs and major brands, allowing these organizations
to dramatically increase online revenue while lowering the cost of customer
acquisition and order fulfillment. Post-sale, Push supports fulfillment,
customer relationship management, and further monetization through
re-engagement and remarketing toolsets that enhance customer lifetime value
(LTV). For more information about Push Interactive, visit www.pushint.com.
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 integrate
Push, the continued growth of the eCommerce 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
Ronald
Both or Grant Stude
CMA
Tel (949) 432-7566
CMA
Tel (949) 432-7566
Weyland Tech
(OTCQB:WEYL) is a featured fintech stock on
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