AppTech's Oronoco Telecom Reports Increased Sales for May 2011 and a Major Increase for the First Week of June 2011
THE WOODLANDS, Texas, June 7, 2011 /PRNewswire/ -- AppTech Corp (APCX.PK) is pleased to announce that its wholly owned subsidiary, Oronoco Telecom, achieved sales of more than $225,000 for the month of May 2011. For the first week of June 2011 (ending June 5, 2011) Oronoco's sales were slightly over $61,000. Daniel Miroli, President of Oronoco, commented: "We had a technical glitch in late March that hurt our sales for April 2011. But we are now back on track and the improving sales reflect our aggressive marketing efforts." Miroli continued, "the strong sales activity for first week of June is a strong indication that we will meet our original sales projections of $3 million in annual revenues for the year ending 12-31-2011." Eric Ottens, CEO of AppTech Corp added, "the technical glitch in late March is something that will not happen again as Oronoco has implemented back-up systems that will prevent a reoccurrence."
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.
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SOURCE AppTech Corp
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