THE WOODLANDS, Texas, March 18, 2011 /PRNewswire/ -- AppTech Corp (Pink Sheets: APCX) Eric Ottens, AppTech's CEO has notified its attorney to look into the possibility of initiating "John Doe Subpoenas" for individuals posting messages on Discussion Boards that are libelous and malevolent with the intent to injure the reputation of AppTech Corp.
There are postings to the message boards that are derogatory innuendos, half truths, and outright lies about AppTech and its CEO. (Bashing a stock on the internet in an attempt to cover a short position is a Federal felony. Such persons can be and have been prosecuted to the fullest extent of the law, both civilly and criminally).
Further rumors or messages intended to interfere with the business of the Company or to be detrimental to the Company and its shareholders, will be referred to the Company's attorneys.
For accurate information about AppTech Corp we invite you to research the Company's press releases and information provided by the Pink Sheets. AppTech has employed a prominent securities attorney to provide opinions and information attesting to the legitimacy and veracity of information supplied to the public and to regulators in filings and press releases. The Company will continue to follow its policy of maintaining regulatory compliance and providing transparency to the investing public.
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.
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.
SOURCE AppTech Corp