TULSA, Okla., Jan. 17, 2018 (GLOBE NEWSWIRE) --
Via OTC PR Wire -- AppSwarm, Inc. (USOTC:SWRM), a technology company specializing in the accelerated development and publishing of mobile apps, announces a non-binding LOI with AI VentureTech, Inc., a technology accelerator and advisory firm focused in the areas of artificial intelligence and automation to develop mobile, cloud-based applications, and corporate solutions.
AppSwarm and AI VentureTech will explore the development of mobile and cloud-based applications in such areas as artificial intelligence, blockchain logistics, IoT applications, automation, and corporate virtual assistants and chatbots. The goal will be to assist corporations of varying sizes in becoming more productive and cost-efficient in their operations by implementing these new technologies and tools.
Under the agreement, AI VentureTech will raise capital to assist the AppSwarm team in developing mobile products geared towards assisting companies in streamlining operations, and to build 'big data' solutions for enterprises.
Tom Bustamante, the Founder, and CEO of AI VentureTech, Inc. commented, "We are very pleased to be partnering with AppSwarm to harness their years of expertise in both mobile and cloud-based development. Along with our core plan to build A.I. research facilities in both New York and China, we will also be working with AppSwarm on developing simple and effective mobile solutions for companies in an effort to help them streamline costs, and increase productivity. AppSwarm’s years of experience producing quality mobile games, business applications, and recently blockchain applications made them a natural partner to assist us in developing these next-generation mobile applications utilizing A.I., and a host of virtual assistants for targeted clients."
About AI VENTURETECH
AI VentureTech is a technology startup accelerator that seeks to invest or provide corporate advisory services, for companies primarily focused in the artificial intelligence, automation, and fintech technology industries. We offer our network of funds, and institutional investors, an ideal way to invest in early-stage companies focused on automation and business analytics, data mining, artificial intelligence, visualization tools, predictive modeling, and cloud advanced analysis. We work with our clients, and investment funds, for the ultimate goal of listing these projects on a public exchange. http://www.aiventuretech.com
AppSwarm is a technology company specializing in the accelerated development and publishing of mobile apps and other software platforms for gaming and business applications and seeks to acquire symmetric business opportunities. AppSwarm partners with and assists other development firms in technology development, business management, and funding needs.
For more information, visit us at www.app-swarm.com, or follow us on www.facebook.com/AppSwarm or Twitter twitter.com/AppSwarm
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking statements that are subject to risk and uncertainties including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in the Company's filings with OTCMarkets.com and as required to the Securities and Exchange Commission. These risks could cause SWRM's actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, the Company.
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Source: AppSwarm, Inc.