THE WOODLANDS, Texas,
Feb. 10, 2011 /PRNewswire/ -- AppTech
Corp (Pink Sheets: APCX) is pleased to announce that its wholly
owned subsidiary, Oronoco Telecom, LLC has obtained a credit line
of $200,000 from Honduran based Xceed
Call Center. Xceed is a licensed and authorized reseller of
Hondutel, Honduras' largest
telecommunication carrier. Oronoco will make use of the line
of credit to purchase communication services from Hondutel and
offer the products/services to its customer base in the
USA and Europe. Honduras is a top vendor for interconnected
telephone traffic to Central and South
America.
Daniel Miroli, President of Oronoco commented: "We are
delighted with this opportunity as it will enable Oronoco to have
more flexibility with contractual payment terms with its
customers." Eric Ottens, CEO of AppTech, added: "This is one
more step in the new direction that we are taking Oronoco for the
purpose of establishing a solid revenue base."
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.
Contact:
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Virmmac, LLC
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810-333-1129
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info@virmmac.com
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SOURCE AppTech Corp