I want to post this email again as I believe it may help some of you that may be on the fence. I do believe in this company and the CEO. You have to remember that new businesses do not make money right off the bat. I believe this company is making the right moves to make it very profitable in the near future. I, personally, have been holding for a while and making money here and there. I do not plan to sell until later this year. I also stress that it is very important to read the 10Q before making and real decisions about the company. Anyhow...
willliam ottens <eric@apptechcorp.com>
*********@kc.rr.com
Subject: Re: Attn: Mr. William Eric Ottens
Priority: Normal Date: Tuesday, April 12, 2011 3:08 PM Size: 12 KB
Dear Mr. Clingan:
Thank you for your email. Let me try to address your concerns as best as I can. We are selling shares in order
to invest in SuperStar Learning. (SSL). SSL is working on some agreements with several school districts primarily
in the West Coast of the U.S. You can imagine that I am a big believer in SSL because I have seen the early test
versions of their technology and it is amazing. It is frustrating to all of us that we have to wait for the completion of
this technology becuase in the meantime we have to suffer watching the drop in the share price. But Mr. Clingan, in
the business world "things" don't happen overnight and I strongly believe that we are in the right industry at the right
time. I mean think about it, education apps designed to teach and entertain. I have seen people's reaction to the
SSL apps, teachers, students, parents... it is the future of education. Teachers hate cell phones because they are
major distractions to education. Well with SSL's apps, the cell phone will be one of the principal tools of education.
We had been working with a company in India for Apptech's apps. We are now moving all our app development to
SSL technical staff because that group is very talented. It is human nature to want fast results and some of the
apps that we were working on early on, we simply needed to change the direction. People often ask me why I may
change my mind about something and I respond because I know more today than I did yesterday. So if I see a
situation that is not producing the results that I was expecting, I need to change course. I believe based on conversations
with our "new" development team that we'll have some new apps available for iPhones and Android phones in the
next 30 days.
Oronoco: I have been spending so much time on SSL matters that I was ignoring Oronoco. It is true that the profit
margins for a company like Oronoco are low, 5% less. On the other hand the fixed overhead expenses are also
low. So the plan for Oronoco is to grow the revenue as quickly as possible. Oronoco can grow revenue to $20 million
plus and do so with 3-5 employees. I'll be getting some information out about Oronoco in the next few days.
Mr. Clingan, I am asking existing and prospective shareholders to have a little faith in what I am doing. I believe that
any other person sitting in my position would be making the same decisions I am making. AppTech is not a scam;
I am working on creating a real company but I cannot produce instant results. Please, I ask you to hang in there with me.
Thank you and kind regards...
Eric Ottens
------
Again, I cannot stress more what he said to me. AppTech is not a scam. He is putting money into the SSL investment, and like us, hopes that investment will pay off. He's experienced with these kinds of things and right now we have know that he is making the right decisions for the company. The dilution is only temporary. Those that sell at these levels will be disappointed. I for one will be holding to at least this fall.
