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AppTech’s Oronoco Telecom Secures a Credit Line of $200,000.00 With Xceed Call Center of Honduras

February 10, 2011

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.


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SOURCE AppTech Corp


Source: newswire



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