Apollo Releases Q3 2014 Results

Hamilton, Bermuda – 04 November, 2014 – In a filing with the Bermuda Stock Exchange (“BSX”), Apollo Enterprise Solutions, Ltd. (“AES”; Tickers: AES.BH & OAL.GR), announces results for the 9 months ended 30 September, 2014. The filing read:

“AES was incorporated on 26 September 2012 in Bermuda with the primary objective of offering investors a high growth technology investment opportunity. The Company’s primary listing is on the Bermuda Stock Exchange (AES:BH). It has a secondary listing on the Frankfurt Stock Exchange (OAL:GR) and also listed on the XETRA trading platform (OAL:GY).

Reporting Currency

The Company’s results are reported in US Dollars.

Business Review

AES has largely performed in line with budgeted expectations during the 3rd Quarter of 2014. Revenue for the 3rd Quarter 2014 was $1,336,458, compared to revenue in the 3rd Quarter of 2013 of $316,023. The net gain for the 3rd Quarter 2014 was $42,414, an improvement of $1,003,947 compared to the $1,046,361 loss from the 3rd Quarter of 2013. The Company has no minority interests, and there were no other unusual items in the 3rd Quarter. Basic Earnings Gain/(Loss) per share for the 3rd Quarter 2014 were $0.001. Fully diluted Earnings Gain/(Loss) per share for the 3rd Quarter were $0.001 which was an increase over 3rd Quarter of 2013.

For the 9 months ended 30 September 2014, revenue was $2,129,371, compared to the revenue for the 9 months ended 30 September 2013 of $803,769. Total operating expenses for the 9 months ended 30 September 2014 were $4,059,422 and a loss of ($2,313,346). Total operating expenses for the 9 months ended 30 September 2013 were $4,246,720 and a loss of ($3,442,951).

During the 3rd Quarter of 2014, AES entered into a Master Service Agreement with New England Funding Technologies, LLC. The Company continues to work closely with its marketing partners regarding potential clients in the US, UK, Italy, Spain and Australia.

Dividends

The Company has declared no Common Stock dividend for the period under review. The Company accrued Dividends on the small number of  remaining Preferred Class A and Preferred Class A-2 stock through the period of 30 September 2014 as required by their terms in each class (all Preferred Dividends are 6%). This accrual equaled $186.00. No Preferred Dividends are payable until the Company has achieved three consecutive quarters of profitability and receives Board of Directors approval to pay such dividends.

Basis of Presentation

The unaudited consolidated results for the three months ended 30 September 2014 have been prepared in accordance with US Generally Accepted Accounting Principles (USGAAP).

Accounting Policies

The quarterly results below have not been audited by the Company’s external auditors. The accounting policies adopted are consistent with those published in the Audited Annual Financial Statements for the period ended 31 December 2013

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Changes to the Board

There were no changes to the Board during the 3rd Quarter 2014.”

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More information about Apollo Enterprise Solutions, Ltd. (AES:BH; OAL:GR) is available at http://www.aestrue.com  

AES Contact:

Europe

John Everitt

Global Equity Manager

41 91 228 0237

john.everitt@contiadvisors.com

USA

Sha’Dona Brewer

Marketing & External Communications

(562) 513-3723