Business
Wialan Technologies Announces Corporate Name Change and Addition to Board of Directors
Wialan Technologies Announces Corporate Name Change and Addition to Board of Directors.
About this update from Wialan Technologies, Inc.
[{"type":"text","content":"\n \n \n Wialan Technologies Announces Corporate Name Change and Addition to Board of Directors\n \n \nWialan Technologies Announces Corporate Name Change and Addition to Board of Directors\n \n SUNRISE, FL--(Marketwired - Jan 21, 2014) - Wialan Technologies, Inc. (OTC Pink: ACYD) (\"the company\"), a next generation wireless telecommunications provider, announces today that effective January 22, 2014, the Company will change its corporate name to Wialan Technologies, Inc. The Company's common stock has been assigned the following new CUSIP number: 96685A107 and will trade under the following ticker: WLAN. Outstanding stock certificates are not affected by the name change and do not need to be exchanged. \n Additionally, the Company has brought on Alan Bailey as Chief Financial Officer and Board Member. Mr. Bailey has extensive experience working with Fortune 500 companies in accounting, finance, mergers, acquisitions and global cash management. \n Previously, Alan was a Senior Financial Executive with Paramount Pictures for 35 years, including being its Senior Vice President and Treasurer. In this capacity, he was responsible for Paramount's global cash management and control; internal audit and compliance; business continuity/disaster recovery; cash planning and forecasting; individual and film slate financing and investor reporting/compliance; corporate finance (including receivable financing); international financial reporting; tax planning and corporate structuring and compliance. Alan J Bailey was Senior Vice President and Treasurer at Paramount Studios from 1975 to 2009 during which time Paramount was the most successful Hollywood studio. In 2013 he served as CFO of American Community Development Group during the merger with Wialan, and has now returned as CFO and will also serve as a board member.\n In other news, corporate Secretary, Andrew Connolly, has stepped down from his position with Wialan and as member of the board. He will focus on his personal business but will remain a valued advisor.\n About Wialan Technologies \n Wialan, a next generation Wireless telecommunications provider, is poised for exponential growth from their five years of successful R&D, sales and installations of their impressive WiFi solutions spanning 10 countries. They have established a track record of successful installations ...