WOODLANDS, TX--(Marketwired - May 13, 2013) - AppTech Corp. (APCXD) is pleased to announce the effective agreement and plan of merger with Transcendent One, Inc., a merchant processor and information technology company based in Carlsbad, CA.
A primary focus of this merger is to expand business lines into new product and services markets and complement AppTech Corp.'s technology footprint.
Transcendent One, Inc. ("T1") is a leading business services provider of electronic transaction processing technologies and associated merchant services since 2006. Transcendent One is the first and only "Merchant-Owned" company that offers clients the opportunity to earn stock for their loyalty based on their processing volume. The company works with numerous financial institutions, associations, and independent professionals across the country. In 2012, Inc. magazine ranked Transcendent One No. 105 on its 31st annual Inc. 500|5000, an exclusive ranking of the nation's fastest-growing companies.
TransTech One, a wholly-owned company of Transcendent One, is a commercial and residential IT services firm offering network installation & maintenance, hardware/software maintenance & support, network security, and consulting services.
Both Transcendent One and TransTech One will continue to operate under their respective brand names as wholly-owned operating subsidiaries of AppTech Corp.
"We are excited about the growth and vision of Transcendent One and their respective business model. Their management team has identified a clear path to success and an overall business strategy to get AppTech to the next level," says former AppTech CEO Jeff Theberge.
"Our company is very excited about our continued growth in the financial services and technology spaces. We believe our subsequent business developments, joint ventures, and entry into the public market will provide access to gaining considerable market share in the near future," says Transcendent One Executive Director Luke D'Angelo.
About AppTech Corp.
AppTech Corp. is an information technology and financial services company. With electronic payments at its core, the company offers an array of service lines to both business and consumer markets through its branded subsidiaries, Transcendent One and TransTech One.
Transcendent One is a leading business service provider of electronic transaction processing technologies and associated merchant services. TransTech One offers commercial and residential IT services through its regional TransTech One Retail Service Center expansion. The company prides itself as the only information technology services company that offers merchant services and vice versa.
AppTech Corp. has also developed a proprietary mobile technology strategy to succeed in the ever-growing mobile payments industry. Through its subsequent joint ventures and acquisitions, the company will complement its current product channels and continue its growth as a technology and finance leader.
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