AppTech Announces That It Is in the Process of Obtaining a Software License for Smartphone Apps

Mar 08, 2011, 09:05 ET from AppTech Corp

THE WOODLANDS, Texas, March 8, 2011 /PRNewswire/ -- AppTech Corp (Pink Sheets: APCX) is pleased to announce that it is in the process of obtaining a license for software that will allow for multi platform app development and will enable AppTech to create a portal for app developers and individuals who have an interest in developing "app ideas." The portal will offer app development software for a nominal monthly fee and will allow developers and/or app idea people to create apps on multi operating system smart phones. The portal will lend itself to advertising of general app services and will also offer a joint venture business model for individuals with app ideas that AppTech believes have applications that will generate revenue for both parties. AppTech will develop the app and share revenue at pre-determined percentages. In addition, AppTech intends to develop a menu of smart phone apps that up to now have been in "incubator" mode.  Eric Ottens, AppTech's CEO commented:  "Nearly every day we receive ideas for developing apps.  Some ideas are silly but some ideas have some real merit.  We intend to offer the tools for potential app developers to develop, distribute and market their app ideas and give them a chance to make a few bucks.  We believe the potential for this market is huge."

About AppTech Corp

AppTech Corp is developing mobile application market places serving emerging markets in Latin America, Brazil and the USA. AppTech is focused on multi-platform mobile apps designed to run on device operating systems such as Apple iPhone and Google's Android.   In addition, through its wholly owned subsidiary, Oronoco Telecom, AppTech is working on securing agreements with top communication companies in Central America, South America and The Caribbean.

Forward-Looking Statements

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report.


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