THE WOODLANDS, Texas,
March 14, 2011 /PRNewswire/ --
AppTech Corp (Pink Sheets: APCX) is pleased to announce that its
wholly owned subsidiary, Oronoco Telecom has entered into a Joint
Venture with Conmudata of Colombia. Conmudata is a newly licensed
operator and one of the few operators that have been granted
interconnectivity to all major Colombian telecom networks.
With inbound traffic of more than 140 million minutes per month,
Colombia is one of the major
destinations for international voice traffic in Latin America.
Daniel Miroli, President of Oronoco states: "Oronoco has a great
opportunity in this Joint Venture with Conmudata. Oronoco will
handle all International inbound traffic going to Conmudata and
expects to grow a substantial volume of sales. We anticipate that
once we ramp up to full capacity, the revenue could exceed
$200,000 per month." Eric
Ottens, CEO of Apptech added: "Congratulations to Daniel who
continues to deliver and surpass his sales projections."
As part of the agreement Oronoco will also provide network
diagramming and support, a Network Operation Center (NOC),
monitoring and billing solutions as well as marketing support.
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