Elias Rocha Assumes Duties as AppTech's CEO and Announces First Revenue Generating Agreement in the New Corporate Structure

BOCA RATON, Fla., Nov. 1, 2011 /PRNewswire/ -- AppTech Corp (Pink Sheets: APCX) announced today that Elias Rocha has officially assumed his duties as CEO and Chairman of the Board of AppTech Corp effective November 1, 2011.  This marks the beginning of a new era for AppTech Corp. By providing innovative mobile apps for valued clients, in conjunction with content partners worldwide, AppTech's new structure is a complete departure from the company's previous business model. Comments Rocha: "Today AppTech begins a new life... generating high margin revenue that I am confident will yield prosperous results for all stakeholders. We are in the process of changing our logo, our website and we are committed to building a sizable, profitable business. Strategically, AppTech Corp will establish its new brand and identity by distributing apps to a vast audience of end users via high profile business partnerships that have the potential for a significant, global audience reach. AppTech Corp's sources of earnings now come from software licensing, streaming service contracts, recurring monthly subscriptions, advertising supported mobile video content, and custom app development."

Rocha continues: "I also want to take this opportunity to announce that AppTech Corp has signed a custom app development agreement with a Brazilian group buying site 'Mongron' (www.mongron.com.br/?locale=en) and their current international network of 500+ vendor coupon affiliates. The scope of the order is for AppTech to develop a custom iOS (iPhone/iPad) and Android application with unique features such as instant location-based offers and video on demand. The financial arrangement between the two companies includes payment to AppTech Corp for the master custom app plus monthly software licensing fees equivalent to 8% of total gross sales resulting from the use of the new mobile app – for all 500+ vendors. This represents a potential of over US$ 500,000.00 in software licensing revenue alone over the next 12 months for AppTech Corp, based upon the group's current sales volume."

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.

Follow the new AppTech Corp on Twitter (@AppTechCorp)

Contact:
AppTech Corp
321-208-4250
[email protected]

SOURCE AppTech Corp

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