AppTech CEO Announces Joint Venture with Ascend Studios of Orlando, Florida to Develop, Distribute and Market New App for Apple's iPad

THE WOODLANDS, Texas, June 16, 2011 /PRNewswire/ -- Eric Ottens, CEO of AppTech Corp (APCX.PK) is pleased to announce that AppTech has entered into a joint venture (JV) agreement with Ascend Studios LLC of Orlando, Florida to complete the development of a business app designed for the Ipad1 and Ipad2. The app is scheduled to be submitted to Apple's app store for approval not later than July 15th 2011. The initial version of the app will be offered to consumers for approximately $8.00. Apptech and Ascend Studios will jointly market the app and share revenues from sales on a 50/50 basis. Ottens commented: "We are excited to add Ascend to our list of business partners." The Ascend team has deep experience in developing Smartphone apps and we are eager to work with them in creating a mutually profitable partnership with this first app. We look forward to developing additional business apps and possibly game apps in the near future.

About Ascend Studios

Ascend Studios is a Florida based company that aims to bring desktop functionality to the mobile marketplace. In trying to hone in on the business market they have created a series of business apps, with the first of these apps currently in Beta testing due for release soon. The first app, "The Proposal", offers on-the-spot estimates and proposals for any industry. Ascend's President of Product Development, Ben Elliott, said "We can't wait to get our apps into the marketplace and we're excited about getting the first one released to consumers in the very near future. We have really enjoyed getting to know the folks at App Tech and are happy that we've fostered a new relationship."

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.

Contact:
Virmmac, LLC
810-333-1129
[email protected]

SOURCE AppTech Corp