Skip to main content

AppTech Corp. Welcomes New Board Members

Written by Customer Service on . Posted in Public Companies.

CARLSBAD, Calif., April 30, 2021 (GLOBE NEWSWIRE) — AppTech Corp. (“AppTech”) (OTC: APCX) a fintech company, announced today the retirement of Michael Gross and appointment of Michael Yadgar to the Company’s Board of Directors. Mr. Yadgar is a corporate lawyer and strategic advisor. He currently serves as a member of the Board of Directors of nDigital Holdings SPC, a holding company for operational fintech assets; nDigital Ventures, a holding company for fintech investments and joint ventures; NEC Payments B.S.C. (“NECP”); and Apiso W.L.L. (“Apiso”).

Virgil Llapitan, AppTech President & COO, stated, “With more than 20 years of experience counseling and directing clients on general corporate, acquisition, divestment, strategy, and investment matters, Michael will play a pivotal role on our Board during this time of expansion and acceleration. We are very fortunate Michael accepted the invitation given his in-depth, well-rounded expertise across our industry and we welcome him aboard.”

In addition to Mr. Yadgar, Andrew Sims will also join AppTech’s Board as an observer. Mr. Sims is a co-founder, board member and the Chief Executive Officer of nDigital Holdings SPC and its subsidiaries including NECP and Apiso. NECP is a licensed and regulated digital banking and payment technology company that provides innovative Banking-as-a-Service and digital financial services technologies to power high-performance, flexible, and secure digital banking and payments products. NECP recently received the accolade of “Best Digital Banking Technology Innovator” in the Middle East 2021.

As previously announced, AppTech and NECP have entered into a strategic partnership to deliver a FinTech ecosystem that incorporates embedded payments, banking and financial services capabilities to power digital commerce experiences for clients. In addition, AppTech offers these forward-thinking financial institutions, technology companies and SMBs operational efficiencies such as automated financial controls and reconciliation to reduce or eliminate manual administration.

Luke D’Angelo, AppTech Chairman & CEO commented, “Though we will greatly miss our long-time board member, Mickey Gross, we are happy to have Michael and Andrew join us. This is an exciting time for AppTech!”

About AppTech (OTC: APCX)
AppTech Corp. is a financial technology company utilizing innovative payment processing and digital banking technologies to complement our core merchant services capabilities. Our patented and proprietary software will provide progressive and adaptable products that are available through a suite of synergistic offerings directly to merchants, banking institutions and business enterprises. For more information about our company, please visit: www.apptechcorp.com.

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 the Company. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in methods of marketing, delays in manufacturing or distribution, changes in customer order patterns, changes in customer offering mix, and various other factors beyond the company’s control. Actual events or results may differ materially from those described in this press release due to any of these factors. AppTech is under no obligation to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

Contacts:
AppTech Corp. Investor Relations
ir@apptechcorp.com
(760) 707-5955

James S. Painter III
Emerging Markets Consulting, LLC
jamespainter@emergingmarketsllc.com
(321) 206-6682

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.