TAMPA, FL -- (Marketwired) -- 06/28/13 -- American Community Development Group, Inc. (OTC Pink: ACYD) announces it expects the closing of the Wialan Technologies LLC, (Wialan) merger will occur within 30 days.
An overwhelming majority of ACYD shareholders have approved the merger and tendered to John Folger, President, CEO and Corporate Director, the consent to undertake all of the actions necessary.
This proposed merger and other matters were discussed during a recent conference call and special shareholder meeting held last Thursday, June 20th, 2013.
An archived copy of the conference call can be found on the Wialan website. The link is http://wialan.com/news.php?id=49
The completed merger will provide Wialan with all of the benefits of public company participation in the global capital markets in some of the countries where their technology is already deployed.
Wialan, a next generation telecommunications provider, is poised for exponential growth from their 5 years of successful R&D, sales and installations of their impressive WIFI solutions spanning 3 continents. They have established a multi-year track record of successful installations in airports, municipalities, apartment buildings, parks, marinas and other locations that require a superior communication footprint. Among the unique features available of their WIFI platform include the capability of real-time live color video streaming and a compact public address system, which can be programmed to alert responsible parties or even law enforcement, thereby enabling early warning public announcements and notification.
Safe Harbor for Forward-Looking Statements: 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:
President and Chief Executive Officer
American Community Development Group, Inc.
Direct Cell 727-277-8196
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