THE WOODLANDS, Texas, March 14, 2011 /PRNewswire/ -- AppTech Corp (Pink Sheets: APCX) is pleased to announce that its wholly owned subsidiary, Oronoco Telecom has entered into a Joint Venture with Conmudata of Colombia. Conmudata is a newly licensed operator and one of the few operators that have been granted interconnectivity to all major Colombian telecom networks.
With inbound traffic of more than 140 million minutes per month, Colombia is one of the major destinations for international voice traffic in Latin America.
Daniel Miroli, President of Oronoco states: "Oronoco has a great opportunity in this Joint Venture with Conmudata. Oronoco will handle all International inbound traffic going to Conmudata and expects to grow a substantial volume of sales. We anticipate that once we ramp up to full capacity, the revenue could exceed $200,000 per month." Eric Ottens, CEO of Apptech added: "Congratulations to Daniel who continues to deliver and surpass his sales projections."
As part of the agreement Oronoco will also provide network diagramming and support, a Network Operation Center (NOC), monitoring and billing solutions as well as marketing support.
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.
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SOURCE AppTech Corp