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AppTech Teams With Progressive Tech Partner in S.A. for Global Development & Sales(August 09, 2010)
HOUSTON, Aug. 9, 2010 (GLOBE NEWSWIRE) -- AppTech Corp. CEO, Eric Ottens, announces that the company has entered into a strategic alliance with LTI News, Inc. (www.ltinews.com), a strikingly innovative worldwide tech firm based in Buenos Aires, Argentina. LTI specializes in research, development, production and commercializing of animated elements, robotics and microelectronics.
LTI is expanding into smartphone application development and looks to AppTech Corp. to distribute LTI's existing technologies and applications in the United States, Canada and Mexico. AppTech and LTI will work in concert to develop new applications with LTI's experienced technical staff.
"AppTech is very pleased to have engaged in what we feel will be a long-term, mutually beneficial relationship. LTI News, Inc. has been in business since 2004, and are well-known by industry players for their developments in surface computer platforms," states Ottens.
Surface platforms, the virtual touch technology, was most notably introduced in Spielberg's futuristic sci-fi thriller, 'Minority Report', but have become increasingly prevalent in today's cutting-edge restaurants, nightclubs, hotels and casinos. LTI provides various tech solutions and whole surface tables for a client base including the world's hottest nightclubs from Manhattan to France and with the industry's most respected premium liquor brands; but with numerous applications serving various industries.
Ottens continues, "LTI's President and Chief Technology Officer, Osvaldo Glatt, is revered among his contemporaries as a cutting edge developer and we feel our synergies in moving forward together will lead AppTech to progressive expansion and additional revenue streams toward overall growth and profit. LTI is currently servicing access and security products and conducting research on development of facial recognition technology. We feel strongly that many of the things in progress at LTI will translate well into the mobile technology markets and AppTech considers this a big success in moving forward for both the company and its shareholders."
About AppTech Global, Inc.
AppTech Global, Inc. is a subsidiary of AppTech Corp. and is developing mobile application market places serving emerging countries throughout the world, including Latin America, Brazil, China, India, Japan and the USA. AppTech is focused on multi-platform mobile apps designed to run on device operating systems such as Apple iPhone, Google Android Nexus One, Research In Motion, Microsoft Mobile, Palm, Verizon Droid, the O-Phone in China, and others.
About LTi News, Inc.
LTI News, Inc. is a high technology business that specializes in research, development, production and commercializing of various and diverse technology products and services. Originally founded in 1995 and incorporated in 2004, the company has been developing different kinds of applications and has been exporting its technologies to countries in Europe, North America and South America. Most recently LTI has installed its LTOUCH technology for customers in Manhattan, Las Vegas and Los Angeles.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report.
CONTACT: AppTech Corp.
(713) 337 - 3700
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