AppTech Merchant Equity Program Update
Carlsbad, CA (Marketwired / Oct. 14, 2015) — AppTech Corp. (OTC: APCX) announces its Merchant Equity Program and Cloud Equity Program will end as of December 31, 2015. The programs currently reward clients for their business with company stock based on their Visa/MasterCard processing volume or billable cloud service fees for the first year of service. New processing or cloud merchants signed with the company before the end of the year will still be eligible to participate in the programs.
“Due to the company’s direction and development in the mobile payment market, AppTech will no longer be offering the Equity Programs next year to new merchant and cloud clients.” says President Steve Cox.
AppTech recently agreed to acquire FlowPay®, a comprehensive cloud-based mobile payment platform designed specifically for the non-profit market, and is further developing the payment system to be used in new markets.
For complete details regarding the Merchant Equity Program or Cloud Equity Program, please contact the company today at (760) 707-5959 or visit www.apptechcorp.com.
About AppTech Corp.
AppTech Corp is an information technology company providing cloud services and merchant processing solutions with a focus in mobile payments.
About FlowPay Corporation
FlowPay®, a mobile payment technology company founded in 2011, developed a comprehensive cloud-based Giving Management Payment System® designed specifically for the tax exempt non-profit market.
Forward Looking Statements
This press release contains forward-looking statements that are inherently subject to risks and uncertainties. Forward-looking statements are generally identified by words such as “estimates,” “goal,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks” and similar expressions. Actual results may differ materially from those referred to in the forward-looking statements due to a number of important factors, including but not limited to risks associated with hardware procurement and deployment. 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 update or alter its forward — looking statements whether as a result of new information, future events or otherwise.
Media Contact – (760) 707-5959 ext 101
Investor Relations – Ben Chapman (760) 707-5959 ext 105