AppTech Corp Achieves Requirements for Pink Sheets Current Information Standards
HOUSTON, Feb. 24 /PRNewswire-FirstCall/ -- AppTech Corp (Pink Sheets: APCX) www.apptechglobal.com is pleased to announce that it has met the standards that Pink Sheets requires for Current Information Status (http://www.pinksheets.com/content/doc/ps/Disclosure/Guidelines/2.pdf). AppTech Corp is the Holding Corporation for AppTech Global, Inc., which is currently developing a worldwide, multi-lingual, cross-platform marketplace for apps designed for Google Android, iPhone, Blackberry, Microsoft Mobile, and other operating systems.
The Current Information category is based on meeting more stringent levels of disclosure and transparency required by the Pink Sheets. Shareholders may now view the Company's Initial Company Information and Disclosure Statement, as well as other current financial documents necessary to achieve Current Information Status with Pink OTC Markets, Inc.
Eric Ottens, CEO of AppTech Corp stated, "In analyzing Pink OTC Markets statistics, we found meeting Current Information Status can result in substantially improved trading value for APCX shareholders. As of December 2009, current Information Status companies on Pink OTC Markets in 2009 have averaged $81,259,055 in trading volume versus $745,812 average dollar volume per security with No Information Status. This indicates statistically that Current Information Status reporting companies show over 100 times the average trading volume versus No Information Status companies that do not meet these standards."
AppTech Corp www.apptechglobal.com
AppTech Global, Inc. is a subsidiary of AppTech Corp. and is developing mobile application marketplaces serving emerging countries throughout the world, including Latin America, Brazil, China, India, Japan, and the USA.
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 Global, Inc.
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