Tranzbyte Corporation Highlights Major Medical Marijuana Opportunity in 2013
PHOENIX, Jan. 17, 2013
PHOENIX, Jan. 17, 2013 /PRNewswire/ -- Tranzbyte Corporation (OTC: ERBB) is a
driving force behind Altitude Organic Corporation and its suite of subsidiary
companies. Tranzbyte (www.tranzbyte.com) expects to continue to acquire, hold,
or spin out successful divisions in what has been described in previous news
releases as "dividend farming." Companies that qualify with revenues and
growth can decide to become public on their own after they agree to issue a
shareholder dividend to Tranzbyte and all ERBB shareholders.
The company's Altitude Organic Corporate subsidiary continues to make headway
in the fast expanding cannabis industry. Washington DC-based Marijuana Policy
Project predicts that 10 additional states may seek to pass medical marijuana
regulation within the coming year.
Altitude Organic Managing Director, Brian Cook stated, "Our long term vision
in this space is beginning to materialize nationally. Our experience in the
industry over the last three and half years, along with having two fully
licensed Altitude Organic Medicine retail dispensary's qualified under state
and city authorities in Colorado, positions us perfectly for expansion now."
Altitude Organic is seeking to add many brand-allied, Altitude Organic stores
as we help to lead the standardization and commercial branding of the new
industry. Colorado currently has the industry's best regulatory protection
with state Department of Revenue oversight. Recently, Mr. Cook has spoken with
many industry professionals who believe we are truly underestimating the
number of adults over the age of 21 that are likely to become cannabis
customers when the new "adult use" laws take effect in 11 months. Many of us
believe we are likely to see 2 million or more customers in Colorado in
contrast to the current entire industry having only 100,000 licensed medical
patients to date. Our opportunity is to lead the transition from medical to
adult use in Colorado, while aligning many businesses nationally to capture
greater market share."
A Look Ahead: 10 States That Could Legalize Medical Marijuana in 2013
Last week, Tranzbyte Corporation was re-admitted into Depository Trust Company
(DTC) and maintains a "Current" standing with OTC Markets, the regulatory body
for over the counter pink sheet companies. Lately, the company has announced
its intention to file all necessary paperwork to the SEC and become a fully
reporting company on the Bulletin Board stock exchange. Once accomplished,
admission to the Bulletin Board will broaden the company's potential
shareholder reach and improve the firm's transparency.
Together with Tranzbyte's unique "dividend farming" concept planned for some
of the company's more successful subsidiaries, Tranzbyte has developed
worldwide expertise in its ability to provide edgy, "disruptive" startups and
development stage companies the capital and exposure necessary to become
successful in a relatively short period of time. Once successful, a
subsidiary can be "spun out" as their own publicly traded company, while
Tranzbyte / ERBB shareholders earn dividends upon each successful launch.
Tranzbyte, headed by its president, David Gwyther, maintains US office in
Scottsdale, AZ with satellite offices in Hong Kong, China. Its Hong Kong
office is busy at work developing the introduction of popular US products into
Hong Kong and mainland China.
The Tranzbyte Corporation (www.tranzbyte.com) is a driving force behind
Altitude Organic Corporation. The company expects to continue its plan to
acquire, hold, or spin out successful divisions in what has been described in
previous news releases as "dividend farming," Companies that qualify and
decide to become public on their own will agree to carve out shares for
Tranzbyte and their ERBB shareholders.
Last year, Tranzbyte acquired ProximaRF – a leading-edge company that produces
a line of products supporting leading-edge RFID technology.
Tranzbyte also houses the company's 10-year-old technology division which is
actively engaged in the sale of its optical media enhancement products to
potential customers in the US and Asia. Products in the Tranzbyte division
include FLASHAlbum™ and FlixStix -- technologies that enable distributors of
optical media (CDs, DVDs, etc.) to consolidate the best features of each
medium onto a single content-protected USB flash drive.
Altitude Organic Corporation
Altitude Organic Corporation is the first publicly traded medical marijuana
dispensary brand in the world.Beginning in 2009, the company has developed
retailing, branding, and commercial cultivating strategies in conjunction with
its licensed medical marijuana retail dispensaries operating under the
Altitude Organic Medicine brand name. The company has operated in California,
Colorado, and Arizona. Altitude Organic Corporation is currently targeting
expansion through dispensary and caregiver managed partnerships, as well as
outright acquisition in 'for-profit' medical marijuana states. The company
seeks to capture market share in the fast growing, multi-billion dollar
cannabis industry. For more information visitwww.altitudeorganix.com.
ProximaRF was founded in 2006. The company specializes in the development and
control of software for Radio Frequency Identification tags called RFIDs.
Proxima is currently working on an RFID that can be placed with large legal
marijuana shipments so they can be tracked from their grow operation to the
dispensaries or other legal sales outlets. This technology should be of
invaluable use to both the marijuana seller as well as to law enforcement
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed
in this press release contain forward-looking statements that involve risks
and uncertainties, including those described in the Company's Securities and
Exchange Commission reports and filings. Certain statements contained in this
release that are not historical facts constitute forward-looking statements,
within the meaning of the Private Securities Litigation Reform Act of 1995,
and are intended to be covered by the safe harbors created by that Act.
Reliance should not be placed on forward-looking statements because they
involve unknown risks, uncertainties and other factors which may cause actual
results, performance or achievements to differ materially from those expressed
or implied. Forward-looking statements may be identified by words such as
estimates, anticipates, projects, plans, expects, intends, believes, should
and similar expressions and by the context in which they are used. Such
statements are based upon current expectations of the Company and speak only
as of the date made. The Company undertakes no obligation to update any
forward-looking statements to reflect events or circumstances after the date
on which they are made.
Companies and Contacts:
David G. Gwyther , President
14220 N. Northsight Blvd., Suite 139
Scottsdale, Arizona 85260
Tranzbyte Corporation – Hong Kong
Mr. Jack Martin, Managing Director
Rm 308, 3/F, Kai Tak Commercial Building 317-319
Des Voeux Road Central, Hong Kong (SAR)
Altitude Organic Corporation
Brian J. Cook, Managing Director
14220 N. Northsight Blvd., Suite 139-A
Scottsdale, AZ 85260
SOURCE Tranzbyte Corporation
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