Latest news with #AppTech
Yahoo
22-05-2025
- Business
- Yahoo
AppTech Board Member Discloses Significant Common Stock Purchase
CARLSBAD, Calif., May 22, 2025 (GLOBE NEWSWIRE) -- AppTech Payments Corp. ('AppTech or the 'Company') (OTCQB: APCX), announced Albert L. Lord, a member of its board of directors, informed the Company today of his intent to purchase up to one million shares of AppTech common stock in the open market subject to prevailing market conditions. He stated, 'as a major shareholder of AppTech, I am obviously disappointed in the share price performance despite our efforts to meet NASDAQ continuing listing requirements. Delisting does not change our enthusiasm for AppTech's future growth potential, nor does it diminish our confidence in our original investment thesis. We believe the recent share price painfully undervalues the Company.' About AppTech Payments Corp. AppTech Payments Corp. (OTCQB: APCX) provides digital financial services for financial institutions, corporations, small and midsized enterprises ('SMEs'), and consumers through the Company's scalable cloud-based platform architecture and infrastructure. For more information, please visit Forward-Looking Statements This press release may contain 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, will' and similar expressions as they relate to AppTech are intended to identify such forward-looking statements. 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. AppTech Payments Corp.760-707-5959info@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
20-05-2025
- Business
- Globe and Mail
AppTech Payments Corp. Begins Trading on OTCQB® and has Director and Officer Departures
CARLSBAD, Calif., May 20, 2025 (GLOBE NEWSWIRE) -- AppTech Payments Corp. ('AppTech or the 'Company') (OTCQB: APCX), a fintech company, today announced the Company was notified by The Nasdaq Stock Market LLC ('Nasdaq') that as a result of the Company's previously disclosed noncompliance with Nasdaq Listing Rule 5550(a)(2), Nasdaq has determined to delist the Company's common stock and warrants from the Nasdaq Capital Market and, accordingly, has suspended trading in the Company's common stock and warrants effective at the open of business, May 20, 2025. The Company's common stock and warrants are quoted on the OTC Markets' OTCQB® market tier, an electronic quotation service operated by OTC Markets Group Inc. for eligible securities traded over the counter. The Company's common stock and warrants began trading on the OTCQB® market tier at the open of business on May 20, 2025, under its current trading symbols, APCX and APCXW. APCX share price can now be tracked at the following link: APCXW share price can now be tracked at the following link: The transition to the quotation of the Company's common stock and warrants on the OTC Markets will have no effect on the Company's operations. It will continue to file all required reports with the SEC under applicable federal securities laws, which will be available on the SEC's website, Tom DeRosa, CEO of AppTech Payments Corp., commented: 'While we are naturally disappointed by the delisting, our focus remains firmly on our growth strategy. We are increasingly confident in our revenue outlook.' On May 19, 2025, Luke D'Angelo resigned as Chairman of the Company's Board of Directors and as an employee of AppTech Payments Corp. (the 'Company'). Mr. D'Angelo's resignation was not due to a disagreement with the Company on any matter relating to the Company's operations, policies, or practices. A replacement has not been determined at this time. On May 19, 2025, Virgilio Llapitan resigned as President, Chief Operating Officer & Director of AppTech Payments Corp. (the 'Company'). Mr. Llapitan's resignation was not due to a disagreement with the Company on any matter relating to the Company's operations, policies, or practices. A replacement has not been determined at this time. About AppTech Payments Corp. AppTech Payments Corp. (NASDAQ: APCX) provides digital financial services for financial institutions, corporations, small and midsized enterprises ('SMEs'), and consumers through the Company's scalable cloud-based platform architecture and infrastructure. For more information, please visit Forward-Looking Statements This press release may contain 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, will' and similar expressions as they relate to AppTech are intended to identify such forward-looking statements. 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. AppTech Payments Corp. 760-707-5959 info@ This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
Globe and Mail
15-05-2025
- Business
- Globe and Mail
AppTech Payments Corp. Highlights Q1 2025 Financial and Strategic Developments
CARLSBAD, Calif., May 15, 2025 (GLOBE NEWSWIRE) -- AppTech Payments Corp. ('AppTech or the 'Company') (NASDAQ: APCX), a fintech company, today announced its First Quarter 2025 financial results. The Company reported an operating loss of $2.6 million ($0.08 per share) versus a $3.0 million loss in the same quarter of 2024 ($0.13 per share). The cash basis loss was $1.8 million versus $2.2 million in 2024. AppTech seeks to further enhance operating efficiency and has added revenue sources to achieve breakeven, then profitable operating results. Felipe Corrado, AppTech's CFO, commented, 'The steps we've taken to improve our financial position are beginning to yield tangible results. Our priority remains driving revenue expansion while maintaining cost efficiency.' About AppTech Payments Corp. AppTech Payments Corp. (NASDAQ: APCX) provides digital financial services for financial institutions, corporations, small and midsized enterprises ('SMEs'), and consumers through the Company's scalable cloud-based platform architecture and infrastructure. For more information, please visit Forward-Looking Statements This press release may contain 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, will' and similar expressions as they relate to AppTech are intended to identify such forward-looking statements. 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.
Yahoo
15-05-2025
- Business
- Yahoo
AppTech Payments Corp. Highlights Q1 2025 Financial and Strategic Developments
CARLSBAD, Calif., May 15, 2025 (GLOBE NEWSWIRE) -- AppTech Payments Corp. ('AppTech or the 'Company') (NASDAQ: APCX), a fintech company, today announced its First Quarter 2025 financial results. The Company reported an operating loss of $2.6 million ($0.08 per share) versus a $3.0 million loss in the same quarter of 2024 ($0.13 per share). The cash basis loss was $1.8 million versus $2.2 million in 2024. AppTech seeks to further enhance operating efficiency and has added revenue sources to achieve breakeven, then profitable operating results. Felipe Corrado, AppTech's CFO, commented, 'The steps we've taken to improve our financial position are beginning to yield tangible results. Our priority remains driving revenue expansion while maintaining cost efficiency.' About AppTech Payments Corp. AppTech Payments Corp. (NASDAQ: APCX) provides digital financial services for financial institutions, corporations, small and midsized enterprises ('SMEs'), and consumers through the Company's scalable cloud-based platform architecture and infrastructure. For more information, please visit Forward-Looking Statements This press release may contain 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, will' and similar expressions as they relate to AppTech are intended to identify such forward-looking statements. 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. AppTech Payments Corp.760-707-5959info@ in to access your portfolio
Yahoo
23-04-2025
- Business
- Yahoo
AppTech enters digital banking space with CoreBanking solution
AppTech Payments has rolled out its new CoreBanking solution, which is integrated with the FINZEO Platform, marking the company's foray into the digital banking sector. The introduction of this solution comes alongside the onboarding of its first banking client, indicating a strategic move into retail financial services. The CoreBanking solution is designed to enhance operational efficiency for banks, facilitate market entry, and reduce dependence on outdated technologies. This offering includes features such as digital onboarding, FedWire, FedACH, compliance, virtual bank accounts, risk management, ledger, FedNow, and both physical and virtual Cards. By utilising the FINZEO client offering, banks can expedite the implementation of these solutions, benefiting from AppTech's established client base for transaction fees and deposits. The company anticipates sustained revenue growth through 2025, tapping into previously unavailable revenue sources. In terms of financial projections, AppTech expects to generate $40,000 in revenue within the first week of the CoreBanking solution's launch, with monthly revenue anticipated to exceed $500,000 by the end of 2025. The current pipeline of banks integrating the FINZEO platform positions the CoreBanking solution for rapid adoption, particularly among community banking clients, believes AppTech. AppTech CEO Thomas DeRosa said: 'Our CoreBanking solution is more than a product—it changes how banks can operate and grow. 'By integrating our technology with unmatched client acquisition capabilities, we eliminate inefficiencies and drive revenue at scale.' AppTech is preparing for growth with new partnerships and product launches in April, potentially leading to millions of transactions. To facilitate this expansion, the company has restructured its management team and enhanced its technology infrastructure. In May 2024, AppTech Payments launched its Banking-as-a-Service (BaaS) platform after a successful pilot programme. The company leveraged this BaaS solution to introduce InstaCash, which offers virtual accounts, debit and credit cards, and high-yield financial products. "AppTech enters digital banking space with CoreBanking solution" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
