SOURCE: Wialan Technologies, LLC

November 20, 2013 08:25 ET

Wialan Technologies Announces Expanded Board of Directors

Restructured Management Delivers Financing Opportunities for Expansion

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.

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. 

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.

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.

Wialan has signed a letter of intent with a mid-size boutique investment bank, for a five million dollar line of credit.

About Hyde Park Capital

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 technology, healthcare, business and financial services. In its fourteenth year, Hyde Park Capital is one of the most active investment banking firms in Florida and the Southeast. Their professionals have advised on more than 300 corporate investment banking transactions totaling more than $10 billion in transaction value. They are headquartered in Tampa, Florida and are a member of FINRA and SIPC. For additional information about Hyde Park Capital, visit www.hydeparkcapital.com

About Wialan Technologies

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 in airports, municipalities, apartment buildings, parks, marinas and other locations that require a superior and more robust communication footprint than conventional WiFi providers. Among the outstanding features available with Wialan's wireless 802.11n 300 Mbps solutions is the capability of real-time live color video streaming for many simultaneous end-users, which can help companies with video on demand services to deliver their services wireless without using the Internet.

Safe Harbor: Except for historical information contained herein, the statements in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, risk inherent in the company's domestic and international operations, imprecision in estimating product reserves and the company's ability to replace and expand its holdings. For additional information, visit the websites below or contact the undersigned directly:

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