Business
Wialan Technologies Announces Expanded Board of Directors
Wialan Technologies Announces Expanded Board of Directors.
About this update from Wialan Technologies, Inc.
[{"type":"text","content":"\n \n \n Wialan Technologies Announces Expanded Board of Directors\n \n \nWialan Technologies Announces Expanded Board of Directors\n\nRestructured Management Delivers Financing Opportunities for Expansion\n\n \n SUNRISE, FL--(Marketwired - Nov 20, 2013) - Wialan Technologies Inc. (OTC Pink: ACYD), (the \"company\"), is very pleased to announce that it has revised the management team and added additional strength to the board of directors in an effort to build a greater national and international sales and implementation team.\n Mitch Freifeld, interim CEO, is moving aggressively to harness corporate relationships that put more feet on the ground in new markets that the Company is poised to serve. The new technology applications that are being developed and demonstrated have been very well received and the Company intends to drive for market share in an untapped market. Mr. Freifeld has tremendous experience in creating national market penetration and at one time developed 400 offices to serve a national customer base. \n The Company has completed the June quarterly filing and is finalizing the documents for the name and symbol change. The consolidated financials are being prepared and the Company will soon name the auditing firm as it prepares to uplist. The company is taking the required steps to provide a solid foundation on which it can grow.\n In additional developments, Mr. Freifeld has retained Hyde Park Capital to facilitate the global expansion of Wialan Technologies. The company anticipates that their experience and relationships will further assist the entry into new market opportunities.\n Wialan has signed a letter of intent with a mid-size boutique investment bank, for a five million dollar line of credit. \n About Hyde Park Capital\n Hyde Park Capital is a middle-market investment banking firm specializing in mergers and acquisitions and capital raising for public and private companies. Their senior bankers have extensive investment banking experience executing merger & acquisition engagements, including purchase and sale of company assignments, recapitalizations, financial advisory, fairness opinions and raising growth capital and acquisition financing for companies, including equity, mezzanine and senior debt. Hyde Park Capital has broad experience across multiple industries and a specific focus on tech...