AppTech Ceases Negotiations with FlowPay
Carlsbad, CA (Marketwired – December 21, 2016) – AppTech Corp. (OTC: APCX) has ceased all discussions with FlowPay Corporation. In 2015, AppTech and FlowPay had previously entered into an Agreement and Plan of Merger whereby AppTech would acquire FlowPay, however that Agreement terminated pursuant to its terms. The parties subsequently explored the possibility of a new agreement and entered into a Memorandum of Understanding in that regard; that Memorandum also terminated pursuant to its terms. The parties attempted to revive discussions but have now mutually agreed to cease further communications at this time. The AppTech Board of Directors deems this decision to be in the best interest of AppTech Corp.
About AppTech Corp.
AppTech Corp. is a financial technology company providing payment processing solutions for brick-and-mortar, online, and mobile businesses. The company also provides managed cloud and IT services including virtual desktop services and remote IT support. AppTech is focused on developing innovative mobile technology to enhance its core business offerings.
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” and “‘will” and similar expressions as they relate to AppTech are intended to identify such forward-looking statements. These forward-looking statements involve risks and uncertainties concerning AppTech’s future strategic alliances and potential material business dealings. Actual events or results may differ materially from those described in this document due to a number of important factors. These factors include, among others, the ability of management to grow the business organically and management’s ability to identify and close with other potential strategic partners. AppTech is under no obligation to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
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