AppTech's Oronoco Telecom Begins Generating Revenue

THE WOODLANDS, Texas, Feb. 17, 2011 /PRNewswire/ -- AppTech Corp (Pink Sheets: APCX) is pleased to announce that its wholly owned subsidiary, Oronoco Telecom, LLC has started generating revenue since being acquired by parent AppTech. Through the week ending Sunday, February 13, 2011, Oronoco has realized sales of more than $48,000.

Daniel Miroli, President of Oronoco observed:  "This is a small but solid beginning.  We are expecting that our monthly sales will continue to grow as we expand our customer base. We are optimistic that Oronoco will meet or exceed the original projected sales of $3 million for the year 2011."  Eric Ottens, CEO of AppTech Corp adds:  "I think it's a significant event that Oronoco is able to begin generating revenue so soon after acquisition. We look forward to more positive news from Oronoco in the near future".  

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.

SOURCE AppTech Corp

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