SOURCE: AppTech Corp.

AppTech Corp.

July 20, 2016 12:32 ET

AppTech Appoints Four Independent Directors to Board

CARLSBAD, CA--(Marketwired - July 20, 2016) - AppTech Corp. (OTC: APCX), a financial technology company, announced today the appointment of four new independent directors -- Mike Warren, Bob Frady, Robert Stevens, and Christopher Williams -- to the Board of Directors.

"The wealth of experience from these new directors adds valuable independent perspective to AppTech and our Board of Directors," said Luke D'Angelo, Executive Director and CEO. "We appreciate their enthusiasm to serve as a director and look forward to benefiting from their counsel and judgement."

Mike Warren is the founder of Alethia Strategic Business Solutions, an Executive Coaching, Consulting and Organizational Development firm whose clients include Fortune 50 to 1000 companies, non-profit organizations, small to mid-range companies and startups. Prior to launching ASBS, Mr. Warren served in executive roles in a wide range of industries including food & beverage, financial services, media, manufacturing, real estate and technology.

Mr. Warren has worked in the US and internationally with American Express, Prudential, Clear Channel, Nestle, Coca Cola, Procter & Gamble, and Sony Entertainment. Mr. Warren has a Bachelor of Science degree in Organizational Management from the University of La Verne, an MBA from Pepperdine University, with postgraduate work at University of Michigan's Ross School of Business, University of Pennsylvania's Wharton School of Business, and California State University Fullerton.

Bob Frady is a veteran marketer, having held a number of high-ranking roles at B2C and B2B brands across North America. As Chief Marketing Officer of Maropost, a leading global provider of on-demand digital marketing solutions, Mr. Frady was responsible for the entire marketing stack, including PR, email, trade shows, and public speaking. Under Bob's leadership, one-year revenue grew more than 250%.

Prior to Maropost, Mr. Frady held several key senior leadership roles for Zeeto.io in which revenue skyrocketed from $12 million to $45 million during his three years at the company. Prior to Zeeto, Mr. Frady had leadership positions at Expedia and Live Nation, where he built the email infrastructure that generated more than $262 million in sales per year. Mr. Frady has a Bachelor of Science degree in Applied Economics from Cornell University.

Robert Stevens has over 30 years of experience in the securities field with expertise in compliance, securities registration, transfer agent issues, settlement and clearing, public company registration and filing, and court-ordered receivership actions. Mr. Stevens has founded and operated broker-dealers, registered investment advisory firms, and SEC registered professional transfer agents and has served as an expert witness for the SEC in an enforcement proceeding under the topics of transfer agent procedures and compliance.

Mr. Stevens is the founder of Somerset Capital Ltd, a private capital firm that employs industry-specific skillsets to make strategic investments in distressed and turnaround situations as well as merger and direct investment in private and pre-public companies. Prior to founding Somerset Capital Ltd, Robert was Managing Director of Technology Partners, a private equity and M&A firm.

Christopher Williams has over 40 years of experience in corporate and entertainment finance, investment property transactions, and investment banking, including service on the board of directors and advisory boards for several hedge/private equity funds and venture capital firms. Mr. Williams' previous practice encompassed general corporate and business law, merchant banking, finance, franchises, sports and entertainment, real estate, and intellectual property issues.

Mr. Williams graduated with honors from Brown University with a Bachelor of Arts degree in Economics and obtained his Juris Doctorate from the University of Virginia, School of Law. Mr. Williams is a retired Naval officer and has experience as a corporate attorney, police officer, a special criminal investigator, San Diego Superior Court Arbitrator, a San Diego Superior Court Judge Pro Tem, a San Diego Superior Court Special Settlement Conference Panel Judge, a State of California Special Master, a Federal Magistrate, a San Diego County Bar Arbitrator, Bond Counsel for Sand Diego County & City, and an advisor to the Governor of California.

About AppTech Corp.

AppTech Corp. is a financial technology company. The company currently provides managed cloud services including virtual desktop and infrastructure services. AppTech also offers comprehensive payment processing solutions for retail, online, and mobile businesses -- including credit card processing, electronic check & ACH processing, gift & loyalty card programs, and merchant cash advance services.

The company is developing a consumer engagement and payment network for mobile users to access exclusive retail offerings through a social mobile app and patented mobile payment platform. AppTech will soon provide industry-leading proximity marketing engagement, data analysis, and mobile payment to consumers and businesses.

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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