AppTech Payments Corp. - APCX STOCK NEWS

AppTech Payments (Nasdaq: APCX) announces a strategic partnership with FISB Solutions to update the legacy core banking systems for over 200 community banks. This collaboration aims to integrate the latest neobank technologies, offering these banks a competitive edge in digital banking. AppTech will introduce Independent Sales Organizations (ISO) to support community banks in expanding their customer base without additional costs. Jerry Federico, President of FISB Solutions, praised AppTech's fintech solutions, emphasizing the alignment in commitment to enhancing community banks and credit unions with top-tier fintech services. The initiative focuses on modernizing technology, expanding reach, and driving growth for community banks.

AppTech Payments (Nasdaq: APCX) has completed a successful pilot program for its Banking-as-a-Service (BaaS) platform, which will be used to launch InstaCash. This platform offers virtual accounts, debit and credit cards, and high-yield financial products. InstaCash aims to democratize banking for SMEs, offering features like T-bills and SMS invoicing. Over 200 Independent Sales Organizations are expected to adopt this platform. InstaCash provides real-time, account-to-account transactions and integrates seamlessly with existing bank infrastructure. It also plans to offer financial literacy courses to underbanked demographics in the U.S., South America, and Canada.

AppTech Payments Corp. (NASDAQ: APCX) announced strong financial results for Q1 2024, showcasing significant progress. The company reported Q1 2024 revenue of approximately $105,000, an 18% increase from the previous year. Operating expenses were reduced by 13% to $3.1 million, and net loss improved by 4% to $(3.0) million. Earnings per share rose by 39% to $(0.13). Recent achievements include a positive reception at the Planet MicroCap Conference and a new partnership with a sports agency aimed at expanding market reach. An upcoming shareholders' meeting on May 29, 2024, will discuss future strategies.

AppTech Payments Corp. (NASDAQ: APCX) will be presenting at the Sidoti Virtual Investor Conference on May 8-9, 2024. Luke D’Angelo, Chairman & CEO, will lead the presentation and engage in one-on-one meetings with investors. The event aims to showcase the company's role as a Fintech innovator facilitating seamless transactions. Interested parties can join the presentation online and register for virtual meetings via the provided links on the Sidoti website. Participation is open to all, regardless of Sidoti client status.

AppTech Payments Corp. (APCX) will present a corporate overview at the Planet MicroCap Showcase: VEGAS 2024. Luke D’Angelo, CEO, will speak on May 1, 2024, at 1:30pm PT. Investors can schedule meetings with Mr. D’Angelo. The conference will be held from April 30 to May 2, 2024, at the Paris Hotel & Casino in Las Vegas, NV.

AppTech Payments Corp. (APCX) announces its Annual Shareholder Meeting to be held virtually on May 29, 2024, after filing its proxy statement. Shareholders of record as of April 5, 2024, are entitled to attend. Details have been sent via direct mail.

AppTech Payments Corp. (APCX) reported a 12% increase in revenue for the fiscal year 2023, reaching approximately $504 thousand. The company announced strategic partnerships and acquisitions to expand its reach, including a mobile-to-mobile payment system with InstaCash, Inc. and the acquisition of FinZeo, a software development company. AppTech also secured agreements with Reno-Tahoe International Airport and a credit union network. The CEO highlighted the company's focus on growth through mergers and partnerships to enhance shareholder value.

AppTech Payments Corp. (APCX) successfully closed a public offering of 2,000,000 shares of common stock at $1.00 per share, raising approximately $2.0 million. The underwriters have an option to purchase an additional 300,000 shares. EF Hutton acted as the sole book-runner for the offering. The securities were offered under a shelf registration statement on Form S-3 and the final prospectus supplement was filed with the SEC on March 26, 2024.

AppTech Payments Corp. (APCX) announces the pricing of a public offering of 2,000,000 shares of common stock at $1.00 per share, aiming to raise $2.0 million for business integration and general corporate purposes. The underwriters have an option to purchase an additional 300,000 shares. The offering is expected to close on March 27, 2024.