TEMPE, Ariz., Dec. 10, 2013 /PRNewswire/
-- Tranzbyte Corporation (OTC Pink: ERBB) announced
today that its subsidiaries - Altitude Organix, OneBode
International, the YO! Debit Card System, and the BancoLibre
point-of-sale merchant solution have all made significant progress
toward improving the company's public profile and bottom line for
2014 and beyond.
Altitude Organix Update
The Altitude Organix division, now headed by Tranzbyte
president, David Gwyther has been
focused on the completion of the company's proprietary "21" Machine
– an automated dispensary designed to be operated solely by persons
over the age of 21. "We are on the phone almost daily with
our manufacturer to insure that our machine allows our customer's
purchases to be as secure and easy as possible while maintaining a
zero-tolerance strategy in guaranteeing our "21" machine is
operated only by customers who are 21 and over," says Stephen Shearin, Tranzbyte's executive in charge
of the project. "We are customizing the product offering with our
ZaZZZ product line to reflect the needs of different locations in
different locales for placement of our automated dispensing
machines so we will be ready when the machines arrive in
January." The ZaZZZ products will be those items selected to
be sold in Tranzbyte's "21" Machine, and will include a wide
assortment of products specifically chosen to be of interest to
those who are 21 years of age and older. Shareholders may
look forward to hearing more of each product accepted under the
ZaZZZ banner in 2014," concludes Shearin.
BancoLibre Network Update
The BancoLibre merchant solution allows dispensary owners
throughout the United States to
accept credit card purchases for products purchased by customers at
dispensaries which sell both medical and adult-use cannabis and
cannabis-infused products. Currently most dispensaries accept
only cash for these purchases. "Our BancoLibre Merchant
Program, once adopted by our participating dispensaries, is
expected to be widely accepted because it will represent a huge
convenience to the customer while, at the same time, reduce the
amount of cash on hand at the end of the day – something that has
created an ongoing security issue for the stores, themselves,
says Sean Loomer, Tranzbyte's Chief
Operating Officer.
Virtual YO! Mastercard and YO!21 Debit Card Update
YO Cardholders can conveniently preload a virtual wallet using
any one of a variety of methods – cash or cash equivalent, credit
card or ACH bank transfer. Once on the network, users can make
secure purchases with the one item they will always have with them
- their Android or iPhone-operated smart phone.
Pre-qualified YO!21 customers will also be able to operate the
company's automated dispensary when that machine becomes available
throughout 2014 and beyond.
"The cell phone in our world has moved from being convenient
communication device to an efficient tool that people carry with
them everywhere. Turning it into a payment device just makes
sense," says Sean Loomer, YO21 division president. "The
medical marijuana market has been challenged in the past when it
comes to providing a cashless transaction for their products. By
combining product advantages of
different Tranzbyte subsidiaries, the Company has not
just overcome that challenge but has created a system that can
expand into a variety of exciting adult markets," concludes
Loomer.
OneBode (pronounced One Body)
Update
As promised in earlier news releases, Tranzbyte's nutritional
supplement subsidiary OneBode, has had double-digit increases in
revenues every month since Tranzbyte purchased the company in
July. Headed by its returning original founders, Tylene Roderigues and Sean Loomer, the company continues to expand its
product lines, distribution channels and revenues, and expects 2014
to be its best year yet. NBA All Star and LA Laker Steve Nash, one
of the company's largest advocates and shareholders, has often
given credit to the OneBode products for helping him achieve his
best performance.
Tranzbyte encourages all folks wishing to follow the
progress of Tranzbyte, Altitude Organix, and its other
subsidiaries and divisions to visit the Tranzbyte website
at www.tranzbyte.com and sign up to receive our 'Email
Alerts' which are sparingly sent to
interest-holders periodically. Just click on the orange 'contact'
button after arriving at the company's website or click
here to go there directly. Mobile users can also sign up by
navigating to the company's website on their android smart phone
or iPhone."
ABOUT TRANZBYTE
The Tranzbyte Corporation (www.tranzbyte.com) is a
driving force behind Altitude Organic Corporation,
OneBode, The YO! Debit Card and BancoLibre. 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 dividends for their ERBB
shareholders.
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.
ABOUT ONE BODE
One Bode (www.onebode.com) was
founded in 2006 by a group of health conscious professionals with
backgrounds in sports, health, and
nutrition who recognized the need for supplements to
compliment any lifestyle. Focusing on plant-based nutrients and
enzymes, One Bode created an
assortment of products that enable the everyday person interested
in improving their health to access the kind of nutritional
supplements previously enjoyed by professional athletes,
entertainers, and those with the time to devote their entire lives
to the pursuit of such diets.
The company is combining its successful product rep program with
an aggressive online campaign focusing on a realistic plan to
increase sales measurably within the next 90 days of operation and
throughout the coming years. The versatility of the products
combined with the various dietary deficiencies present in
practically everyone enables individuals to tailor a custom program
designed to fit their specific needs; as such the company sees a
virtually unlimited market-space for expansion.
ABOUT ALTITUDE ORGANIX
Altitude Organix became the first publicly traded medical
marijuana dispensary brand in the world. Back in 2009, the company
developed retailing, branding, and commercial cultivating
strategies in conjunction with its licensed medical marijuana
retail dispensaries operating under the Altitude Organic Medicine
brand name. Now, the Company has developed an "automated
dispensary" that will offer the company's proprietary products
to qualified adults in the US and around the world. The
Company's newly acquired YO! Debit Card is currently being
converted for use in its proprietary machines and will be accepted
at participating dispensaries and other select locations who become
members of the Altitude Organix Network.
ABOUT PROXIMARF AND APPLIED RFID - AFFILIATE
Founded in 2006, Applied RFID and its operating subsidiaries
(www.proximarf.com), have a versatile and leading-edge portfolio of
RFID reader, sensor tag and data logging products based on the ISO
15693 standard of high frequency (13.56Mhz) RFID.
Once the acquisition agreement with Tranzbyte is finalized
making it a subsidiary, the company has plans to increase its
network of global distributors and value-added resellers. With its
"Proxima RF" line of RFID readers, sensor tags, sensor probes
and data logging products, the Company seeks out opportunities with
partners who have a unique software offering within market
verticals where the implementation of secure data collection and
temperature sensing bring real and immediate ROI to users. These
key markets include: food safety, cold chain logistics and
healthcare/pharmaceutical as well as factory and field maintenance
applications.
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.
SOURCE Tranzbyte Corporation