Apollo Enterprise Solutions Announces 2012 Results (Excerpt)

Long Beach, CA – 14 May, 2013 – APOLLO ENTERPRISE SOLUTIONS, LTD. (the "Company"; Ticker: AES.BH), a leading provider of advanced interactive software solutions for banking transactions, announced the financial results for the fourth quarter ended December 31, 2012 and full year 2012.

Fourth Quarter 2012 GAAP Results

The Net Loss for the quarter was ($829) thousand, or ($0.12) per share, versus ($539) thousand, or ($0.08) per share reported in the prior year period. The current quarter results include legal and professional services expenses related to the companies public listing in Bermuda. In addition, the prior year quarter had a $350 thousand one-time credit related to the now settled CMC patent litigation.

The Company reported revenues of $806 thousand for the quarter vs. $524 thousand in the prior year period, an increase of 54% Year over Year (YOY).

“We had a strong finish to full year 2012 revenue with the finalization of the Lloyd’s standup” said Joseph Konowiecki, Chief Executive Officer. “As Lloyds turns on the TRUETM Collect and Recover products, we expect recurring revenues related to this customer to begin to improve over the 2013 year. We are also looking forward to fast tracking the stand up of additional Lloyds Brands now that the heavy lifting of rule codification has been completed within the TRUETM modules”.

Cost of Goods Sold was down $35 thousand in Q4 2012 vs. Q4 2011, or down 25% YOY. This reflects the AES’ move to utilize cloud computing services for its development and quality review activities instead of using dedicated hosting services. The rapid emergence of secure hosting services being available on a shared basis in the technology marketplace has made it possible for us to better manage these expenses.

Sales, General and Administrative (SG&A) expenses for Q4 were $1.528 million vs. $852 thousand in the prior year quarter. The Q4 2012 results include over $300 thousand in expenses for legal services and professional services in connection with our reincorporation in Bermuda and public listing on the Bermuda Stock Exchange. Without the $360 thousand one-time credit related to the now settled CMC litigation, Q4 2011 expenses would have been $1.285 million. On a normalized basis, SG&A expenses were approximately the same year over year for Q4 2012 vs. Q4 2011.

Full Year 2012 GAAP Results

The Net Loss for the year was ($2.5) million, or ($0.36) per share vs. ($3.8) million, or ($0.56) per share in the prior year.

AES revenue was $3.0 million in 2012 compared to $2.04 million in 2011. This is an increase of 48% YOY. This revenue improvement accounts for the majority of reduction in the loss for 2012 vs. 2011. The revenue increase reflects stand up and customization costs for Lloyd’s.

Cost of Goods Sold is down $70 thousand in 2012 vs. 2011. This 14% decrease reflects our change to managing hosting costs for development and quality review as noted previously.

Total SG&A for 2012 was $4.6 million vs. $4.8 million in 2011, a reduction of $200 thousand, or a reduction of 4%. Excluding reincorporation and Bermuda/European listing expenses, we would have had 2012 SG&A costs lower by $500 thousand and a Net Loss for the year of ($2.0) million.

Outlook

During the last half of 2012 the company began its effort to raise additional funds by reincorporating in Bermuda, listing on the Bermuda Stock Exchange and dual listing on a European Stock Exchange. In road show presentations in Europe, we believe there is an opportunity to raise sufficient funds from Institutional Investors to enable the company to achieve its Sales and Marketing goals and achieve break even and profitability in 2014. These efforts continue in 2013 with an expected listing on the Frankfurt Stock Exchange in May 2013.

About AES

AES offers an enterprise wide Agent Emulation™ System for management of consumer credit portfolios. AES’ patented TRUE™ System achieves operational effectiveness, increase in profit, and materially enhances consumer experience and brand loyalty. Consumers are empowered to interact on a self-serve basis to resolve situations on any device, at any time.

The full text of this release including financial data can be accessed via www.aestrue.com

Contact:

USA

Sha’Dona Brewer, Marketing Associate

Tel: +1 (562) 513-3723           or; E-mail: sbrewer@aestrue.com

Europe

John Everitt

Tel: 41 91 228 0237