AppTech Corp. Issues Letter to Shareholders
Carlsbad, CA (Marketwired – March 26, 2014) – AppTech Corp. (APCX) today announced that it issued the following letter to its shareholders:
March 26, 2014
Dear Fellow Shareholder,
As AppTech Corp. remains focused on creating value for its shareholders, the management team is committed to providing updates on the company’s progress accordingly.
Since the completion of the merger last year with Transcendent One, the current management team has focused on completing the outstanding items for the 2012 and 2013 financial audits. AppTech expects the completion of the audits in the second quarter, which will also accompany subsequent SEC filings. In conjunction with these efforts, management has continued to expand all business lines which include merchant services, platform development, IT and cloud services.
AppTech is in process of developing and licensing several fundamental patents that are focused on very exciting components of the mobile industry, including USPTO 8,369,828 “Mobile-to-Mobile Payment System and Method”, USPTO 8,315,184 “Computer-to-Mobile Two-Way Chat System and Method”, USPTO 8,073,895 and USPTO 8,572,166 “System and Method for Delivering Web Content to a Mobile Device”.
We anticipate the date and time of the annual AppTech Corp. shareholder meeting to be announced in the second quarter.
We thank you for your continued support.
AppTech Corp. Management Team
About AppTech Corp.
AppTech Corp is a financial services and information technology company. With electronic payments at its core, the company offers an array of service lines to both business and consumer markets through its branded subsidiaries, Transcendent One and TransTech One. The company focuses on patented mobile technologies to compliment its product and service offerings.
Transcendent One is the first and only Merchant-Owned credit card processing company that offers clients the opportunity to earn stock based on their processing volume. The company is a provider of merchant services, including credit card processing, electronic check & ACH processing, gift & loyalty card programs, and merchant cash advance services.
TransTech One offers commercial and residential IT services through its regional TransTech One Retail Service Centers. The company prides itself as the only information technology services company that offers merchant services and vice versa.
Headquartered in Carlsbad, CA the company has been working with numerous financial institutions, associations, and independent professionals across the country since 2006. In 2012, Inc. magazine ranked Transcendent One No. 105 on its 31st annual Inc. 500|5000, an exclusive ranking of the nation’s fastest-growing companies.
For more information please contact Investor Relations at (760) 707-5955 or [email protected]
Forward Looking Statements
The information contained in this release consists of forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Such forward — looking statements involve known and unknown risks and uncertainties, including all business uncertainties relating to product development, marketing, market acceptance, future capital requirements, and competition in general that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. The Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward — looking statements whether as a result of new information, future events or otherwise.