April 28, 2016 18:06 ET

AppYea Falls Victim to Elaborate Fraud

FORT WORTH, TX--(Marketwired - April 28, 2016) - APPYEA Inc. (OTCQB: APYP), a fully reporting company, announced today that the Company has fallen victim to an elaborate fraud. On April 19, 2016, an as yet unidentified party issued a fraudulent press release claiming that AppYea had entered into a Letter of Intent ("LOI") to purchase all the outstanding stock of a mobile application development company. The Company has not entered into any such LOI.

Douglas McKinnon, CEO for APYP, said, "We don't know the reason for the perpetrators' actions but they went to the trouble of actually setting up a fake website that mirrors the real AppYea website, opened an account with a wire service, and set up fake email and telephone services. They did however misspell my last name in the release and website."

The Company has joined the authorities in the investigation of this fraud and will pursue all avenues to find the perpetrator. Further information will be included in a Form 8-K to be filed with the Securities and Exchange Commission. To be clear, AppYea is not, nor has been, in discussions of a merger or acquisition with another mobile application development company.

About AppYea, Inc.

AppYea Inc., founded in 2012, is a mobile application developer for iOS, Google Play, and Amazon platforms. The Company operates its own titles as well as provides strategic partnerships with promising mobile app developers. AppYea focuses on a number of different categories including next-generation social networks and gaming. The Company is headquartered in Ft Worth, Texas and trades under the symbol APYP. For more information about AppYea, visit website:

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this press release. Additional information respecting the factors that could materially affect the Company and its operations are contained in its annual report on Form 10K and Form 10-Q as filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statement.

Contact Information

  • Contact information:
    Investor Relations
    Phone: (817) 887-8142