Tulsa, OK - 
(NewMediaWire) - August 16, 2021 - AppSwarm,
Corp. (OTC: SWRM), a software
development company and aggregator of mobile applications, announces the
appointment of AI VentureTech, Inc. as head strategic advisor for TulsaLabs.
The Company announced the
appointment of AI VentureTech as head strategic advisor for TulsaLabs and to
help advise on building out a more dynamic management team behind the
next-generation technology project. https://aiventuretech.com/
This new team will appoint
project managers to oversee key areas of commercial research in the areas of
data consulting, blockchain development, and space applications.
AppSwarm will also explore
alternative funding, such as federal and state economic development zone grants
or low-interest loans, to fund the initial build-out of the Tulsa based
technology lab to avoid needing to access equity capital markets.
Thomas Bustamante, the Founder
and CEO of AI Venturetech, Inc., commented, "We are very excited to head
the strategic vision behind TulsaLabs and want to waste no time in beginning to
implement the changes needed to build this project out. The immediate goal will
be to appoint a younger and more dynamic executive team who will have oversight
on project managers and oversee the development of a sales staff. AI will also
advise the company on conducting an immediate review to stabilize share
issuance, increase cost-efficiency, and seek alternative funding opportunities
away from traditional equity or debt capital to begin preserving shareholder
value wherever we can. Finally, to establish a more consistent communication
program to provide updates on both material and non-material events developing
around the labs progress.”
Institutional investment firms interested in partnering
with our space research project please reach out to us at https://tulsalabs.io/investors/
About APPSWARM
AppSwarm is a technology company
specializing in 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 Twitter https://twitter.com/AppSwarm or
Instagram https://www.instagram.com/appswarm/
“LEGAL DISCLAIMER”
AppSwarm, and its affiliate labs
are strictly research firms focused on the development of blockchain
applications, and in no way is involved with the buying, selling, or the
issuance of any cryptocurrencies, or investment advice.
Forward-Looking Statements:
"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.
Investor and Media Contacts:
AppSwarm, Corp.
888-886-8583
info@app-swarm.com
AI Venturetech
212-206-0984
info@aiventuretech.com
