AppTech Completes Acquisition of Oronoco Telecom

THE WOODLANDS, Texas, Jan. 27, 2011 /PRNewswire/ -- AppTech Corp (Pink Sheets: APCX) is pleased to announce that is has closed on the acquisition of Oronoco Telecom, LLC. Oronoco will be a separate, wholly owned subsidiary of AppTech Corp and will report on a consolidated basis with parent AppTech Corp. AppTech acquired Oronoco for 500 million restricted common shares of AppTech Corp.  Commenting on the conclusion of the acquisition, Daniel Miroli stated, "I am happy to become part of AppTech Corp and I enthusiastically look forward to working with Eric towards what I predict will be a bountiful future for the combined companies." Eric Ottens, AppTech's CEO added: "Oronoco has existing agreements with two significant international communication companies and I am confident that these two customers together with Oronoco's other customers will form a solid platform for an expansion of the existing customer base. We plan on making Daniel an AppTech Director and shortly he will begin launching an aggressive marketing campaign initially targeting the country of Colombia and its rich telecommunication market. Oronoco is also in negotiations to obtain an agreement with an experienced Argentine app developer. We welcome Oronoco and Daniel to the AppTech team."  

About AppTech Corp

AppTech Corp is developing mobile application market places serving emerging countries throughout the world, including Latin America, Brazil, China, India, Japan and the USA. AppTech is focused on multi-platform mobile apps designed to run on device operating systems such as Apple iPhone, Google Android Nexus One, Research In Motion, Microsoft Mobile, Palm, and Verizon Droid.

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.

SOURCE AppTech Corp

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