CARLSBAD, Calif., Feb. 22, 2022 (GLOBE NEWSWIRE) — AppTech Payments Corp. (“AppTech”) (NASDAQ: APCX), today announced its partnership with Silver Alert Services, LLC (Silver Alert); dba, LifeLight Services (“LifeLight”), has been terminated by mutual agreement with an effective date of Feb. 17, 2022. The termination is due to the delayed release of LifeLight Systems, Silver Alert Services innovative and comprehensive remote patient monitoring system, due to the market effects of COVID. This partnership was initiated in August 2020 to leverage both companies’ strengths while expanding AppTech’s reach into the telehealth sphere. During the past years working together, AppTech and Silver Alert have developed a close working relationship and will continue to work together on projects and partnering relationships.
This mutual agreement on termination will allow AppTech to focus on preparation of the launch of its highly anticipated, patented digital banking platform that will allow the company to set out on its business initiative of “powering commerce experiences.”
Virgil Llapitan, AppTech President, commented, “AppTech would like to thank LifeLight for its collaboration and wishes the Company the best on its future endeavors, additionally we look forward to our continued relationship with Silver Alert.”
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, 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.
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