AppTech Payments Corp. Mutually Terminates Strategic Partnership with Silver Alert Services, LLC
February 22 2022 - 3:45PM
AppTech Payments Corp. (“AppTech”) (NASDAQ: APCX), today announced
its partnership with Silver Alert Services, LLC (Silver Alert);
dba, LifeLight Services (“LifeLight”), has been terminated by
mutual agreement with an effective date of Feb. 17, 2022. The
termination is due to the delayed release of LifeLight Systems,
Silver Alert Services innovative and comprehensive remote patient
monitoring system, due to the market effects of COVID. This
partnership was initiated in August 2020 to leverage both
companies’ strengths while expanding AppTech’s reach into the
telehealth sphere. During the past years working together, AppTech
and Silver Alert have developed a close working relationship and
will continue to work together on projects and partnering
relationships.
This mutual agreement on termination will allow AppTech to focus
on preparation of the launch of its highly anticipated, patented
digital banking platform that will allow the company to set out on
its business initiative of “powering commerce experiences.”
Virgil Llapitan, AppTech President, commented, “AppTech would
like to thank LifeLight for its collaboration and wishes the
Company the best on its future endeavors, additionally we look
forward to our continued relationship with Silver Alert.”
About AppTech
AppTech Payments Corp. is a publicly listed fintech company
utilizing innovative payment processing and digital banking
technologies to complement core merchant services capabilities.
AppTech’s patented and proprietary software will provide
progressive and adaptable products that are available through a
suite of synergistic offerings directly to merchants, banking
institutions and business enterprises.
AppTech is developing an embedded, highly secure digital
payments and banking platform that powers commerce experiences for
clients and their customers. Based upon industry standards for
payment and banking protocols, AppTech will offer standalone
products and fully integrated solutions that deliver innovative,
unparalleled payments, banking, and financial services experiences.
Our processing technologies can be taken off-the-shelf or tapped
into via our RESTful API to build fully branded and customizable
experiences while supporting tokenized, multi-channel, and
multi-method transactions. For more information about our company,
please visit www.apptechcorp.com.
Forward-Looking Statements
This press release contains forward-looking statements that are
inherently subject to risks and uncertainties. Any statements
contained in this document that are not historical facts are
forward-looking statements as defined in the U.S. Private
Securities Litigation Reform Act of 1995. Words such as
“anticipate, believe, estimate, expect, forecast, intend, may,
plan, project, predict, should, will” and similar expressions as
they relate to AppTech are intended to identify such
forward-looking statements. These risks and uncertainties include,
but are not limited to, general economic and business conditions,
effects of continued geopolitical unrest and regional conflicts,
competition, changes in methods of marketing, delays in
manufacturing or distribution, changes in customer order patterns,
changes in customer offering mix, and various other factors beyond
the company’s control. Actual events or results may differ
materially from those described in this press release due to any of
these factors. AppTech is under no obligation to update or alter
its forward-looking statements whether as a result of new
information, future events or otherwise.
Contact
AppTech Corp. Investor Relations
ir@apptechcorp.com
(760) 707-5955
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