It appears that AppTech Corp has now completed their acquisition of Oronoco Telecom and Oronoco will now be a separate, wholly owned subsidiary of AppTech Corp, who acquired the company for 500 million “restricted common shares” of AppTech Corp.

According to Virtual Press Office, AppTech Corp develops mobile app market places for emerging countries which include India, China, Japan, Brazil and more and concentrate on multi-platform applications that are designed to run on such OS’s as Android Nexus One, Apple iPhone, Palm, Research In Motion’s BlackBerry and Verizon Droid.

AppTech CEO, Eric Ottens said…“Oronoco has existing agreements with two significant international communication companies and I am confident that these two customers together with Oronoco’s other customers will form a solid platform for an expansion of the existing customer base. We plan on making Daniel an AppTech Director and shortly he will begin launching an aggressive marketing campaign initially targeting the country of Colombia and its rich telecommunication market. Oronoco is also in negotiations to obtain an agreement with an experienced Argentine app developer. We welcome Oronoco and Daniel to the AppTech team.”

Whilst Daniel Miroli of Oronoco telecom said…“I am happy to become part of AppTech Corp and I enthusiastically look forward to working with Eric towards what I predict will be a bountiful future for the combined companies.”

Image via AppTech Global