AppTech's Oronoco Telecom Enters Into a Joint Venture Agreement With Conmudata of Colombia

Mar 14, 2011, 09:44 ET from AppTech Corp

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.

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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SOURCE AppTech Corp



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