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:
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SOURCE AppTech Corp
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