CARLSBAD, CA — (Marketwired) — 10/06/15 — AppTech Corp. (OTC: APCX) announces it has signed a definitive agreement to acquire FlowPay, a comprehensive cloud-based mobile payment platform designed specifically for the tax exempt non-profit market. The terms of the agreement will be disclosed in the company–s next quarterly filing and registration statement.
FlowPay® has built a real-time mobile gifting service, with the next generation of text-messaging software integrating web embedded content, digital media, and secured text-messaging. The system provides real-time data analytics along with a suite of business applications including mobile payment.
Wayne Steiger, FlowPay founder and CEO, said, “We are very excited at FlowPay as AppTech shares the same vision towards the mobile payment market and future of social payment. We are seeing rapid growth in mobile payments and AppTech will bring simple and powerful messaging payment capabilities to new markets.”
The acquisition supports AppTech–s mission to provide industry leading cloud service, payment processing, and mobile payment technologies to businesses. FlowPay–s mobile payment software in combination with AppTech–s cloud infrastructure will help accelerate growth and bring significant value to AppTech shareholders.
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.
About AppTech Corp.
AppTech Corp is an information technology company providing cloud services and merchant processing solutions with a focus in mobile payments.
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.
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Ben Chapman
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