AppTech Inks Letter of Intent to Acquire Oronoco Telecom

THE WOODLANDS, Texas, Jan. 24, 2011 /PRNewswire/ -- AppTech Corp (Pink Sheets: APCX) announced today that it has signed a letter of intent to acquire Oronoco Telecom. LLC on or about February 1, 2011. Oronoco is owned and directed by telecom veteran Daniel Miroli and currently has projected annual revenues of $3 million. The company has an existing customer base that includes clients such as KDDI of Japan and TATA Communications of India. For 2011, Oronoco plans a significant expansion of its customer base in the country of Colombia. In addition to its telecommunications activities, Oronoco is working on the development of Smartphone apps that will be marketed primarily through the Android operating platform.

Eric Ottens, CEO of AppTech commented: "Once we complete our due diligence and close on this transaction, Daniel will bring a lot of marketing savvy and experience to our team and will significantly contribute in the acceleration of our efforts with other ongoing projects."

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.

Contact: Eric Ottens of AppTech, +1-832-655-5991

SOURCE AppTech Corp

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