Former Vice Chairman Of The NASDAQ, David Weild, Joins Advisory Board Of KinerjaPay, Indonesia's First U.S Publicly Traded Company
Weild To Lead Board’s Effort To Facilitate The Expansion Of The Company’s E-Commerce Platform
JAKARTA, Indonesia, May, 2017, KinerjaPay Corp.,(OTCQB: KPAY), a digital payment and ecommerce platform, (“KinerjaPay” or the “Company”) today announced that David Weild, former Vice Chairman of the NASDAQ, has joined the Company’s Advisory Board.
Mr. Weild currently serves is Chairman and CEO of Weild & Co. He is the former Vice Chairman of NASDAQ and head of investment banking and equity capital markets at Prudential Securities and the former President of PrudentialFinancial.com.
Mr. Weild co-authored a number of studies evaluating the impact of the modern electronic markets on the decline in equity capital formation that have been referred to by the White House, U.S. Congress, U.S. Securities and Exchange Commission, the European Commission, the Organization of Economic Cooperation and Development, the Federation of European Securities Exchanges, the G-20, the Budapest Economic Forum and numerous stock exchanges in North and South America, Europe and Asia. These studies have also been credited with contributing to the creation of the JOBS Act.
Commenting on his appointment, Mr. Weild said, “Indonesia represents one of the largest opportunities in the e-commerce sector. It is the fourth largest country in the world by population with a GDP just under $1 trillion, yet its citizens are largely underserved by the banking industry and less than 10% even have credit cards. KinerjaPay has found a way to bridge that gap, for both consumers and businesses, and I look forward to working the Company to expanding their platform across Indonesia and Southeast Asia.”
Edwin Ng, Chairman and CEO for KinerjaPay Corp. commented, "We are so pleased to welcome David to the KinerjaPay Advisory Board. He has spent much of his career focusing on accelerating economic growth and improving competitiveness in the financial markets, and I expect that we will benefit greatly from his expertise as we seek to manage the accelerating growth of our user base and add services to the KinerjaPay platform.”
Mr. Weild earned his MBA from the Stern School of Business and a BA in Biology from Wesleyan University and studied on exchange at The Sorbonne, Ecole des Haute Etudes Commerciales and The Stockholm School of Economics. He is also Chairman Emeritus of Tuesday’s Children (www.tuesdayschildren.org), the noted 9/11 charity that also provides support to US military families of the fallen, first responders and set up the Resiliency Center of Newtown.
About KinerjaPay
KinerjaPay enables consumers to “Pay, Play and Buy” through its secure web portal and mobile applications. Based in Indonesia, the Company provides easy and convenient payment solution while shopping online at its marketplace platform. With its current omni-channel platform, users can perform various payment services such as credit card bill payment, utility, phone bill, healthcare insurance and direct transfer to anyone at their convenience. KinerjaPay is also planning to launch other eCommerce verticals such as travel market, delivery services, and online gaming in the near future. The Company’s services are available through its mobile applications and on its website at www.kinerjapay.com.
Notice Regarding Forward-Looking Statements
This press release may contain forward-looking statements, about KPAY's expectations, beliefs or intentions regarding, among other things, its product development efforts, business, financial condition, results of operations, strategies or prospects. In addition, from time to time, KPAY or its representatives have made or may make forward-looking statements, orally or in writing. Forward-looking statements can be identified by the use of forward-looking words such as "believe," "expect," "intend," "plan," "may," "should" or "anticipate" or their negatives or other variations of these words or other comparable words or by the fact that these statements do not relate strictly to historical or current matters. These forward-looking statements may be included in, but are not limited to, various filings made by KPAY with the U.S. Securities and Exchange Commission, press releases or oral statements made by or with the approval of one of KPAY's authorized executive officers. Forward-looking statements relate to anticipated or expected events, activities, trends or results as of the date they are made. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties that could cause KPAY's actual results to differ materially from any future results expressed or implied by the forward-looking statements. Many factors could cause KPAY 's actual activities or results to differ materially from the activities and results anticipated in such forward-looking statements, including, but not limited to, the factors summarized in KPAY 's filings with the SEC. In addition, KPAY operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond its control. KPAY does not undertake any obligation to publicly update these forward-looking statements, whether as a result of new information, future events or otherwise. Please see the risk factors associated with an investment in our securities which are included in our Annual Report on Form 10-K as filed with the U.S. Securities and Exchange Commission on February 11, 2016.
Media Contact:
KinerjaPay Corp.
Email: info@kinerjapay.co
+62-8229-777-0098
For more information, please visit our website http://www.kinerjapay.co. There you will find access to all of our past press releases and SEC filings regarding the activities discussed in this letter.