MPC Madison Pacific Properties Inc

Bitzio, Inc. ("Bitzio" or "the Company") (OTCBB:BTZO) today announced that it
has entered into a letter of intent to acquire Motion Pixel Corporation
Holdings, Inc. ("MPC"), an animation studio with operations in the U.S., Latin
America and India.


Upon a successful closing of the acquisition, MPC will be a wholly-owned
subsidiary of Bitzio and will likely be renamed "Bitzio Media, Inc." MPC's
management team brings 15 years of experience working together developing
high-end media solutions for global markets and brands along with a team of 35
animators, developers and managers based in Costa Rica.


While the exact terms for the acquisition will be announced after closing, the
acquisition is expected to be completed using only restricted common shares and
no cash from Bitzio. Upon closing, the MPC management team has agreed to invest
over $1.25M to purchase Bitzio common shares and reserves the right to invest up
to an additional $1M by May 30, 2012. A block of options will be reserved for
key MPC staff members and the entire MPC team will be incented to earn both
stock and cash bonuses by driving very significant revenue and securing key
sports and entertainment properties during the initial 12 months after closing. 


William Schonbrun, President and CEO of Bitzio, commented, "When we look at some
of the most downloaded, top grossing apps, like Farmville or Mafia Wars from
Zynga, Angry Birds from Rovio, Infinity Blade from Epic Games, or any of the
football, soccer or golf games from EA, they all have something in common -
beautiful graphics and animation." 


"We believe the addition of the MPC team and animation studio will put Bitzio in
position to compete directly for market share, reach and revenue with the top
app developers in the world. This acquisition cements another piece of our
global strategy and brings more amazing leadership and talent into Bitzio. Their
focus and skills will create the foundation for the next generation of super
apps we develop and market under our 'Bitzio', 'ThinkingDrone' and 'FreeTheApps'
brands."


"The MPC team brings amazing relationships with Bollywood stars, major sports
franchises, top athletes including Indian cricketers, and world renowned soccer
clubs and their stars. Together we hope to leverage those contacts and prior
working relationships with brands like Nissan, Trident and Powerade for
significant new revenue streams for Bitzio. Working with MPC elevates Bitzio to
the global stage and opens up new avenues to work with Fortune 100 brands, world
class athletes and movie stars as ways of creating more reach for our brands,
our apps and our developers' apps."


Manny Bains, CEO of MPC commented, "Our existing animation studio and
development hub in Costa Rica is the perfect way for Bitzio to scale - and this
is really the final piece of the puzzle to bring these great teams together.
Costa Rica is only 1 or 2 time zones away from any place in the U.S. and has
incredibly deep creative talent pools. We believe we will be able to scale these
existing operations up very quickly as the Bitzio strategy shifts into growth
mode in the coming quarters."


About Bitzio, Inc. 

Bitzio's mission is to help mobile app developers get the full potential of
their mobile apps by increasing consumer reach, conversion rates and bottom line
profitability. Bitzio's strategic arsenal of methodologies and technologies
allows mobile app developers to quickly develop, market and monetize their apps.
The company aims to be responsible for the download of 1 Billion apps by 2014.
"Bitzio", "ThinkingDrone" and "Everyone Apps" are trademarks of Bitzio, Inc. All
other companies and products listed herein are trademarks or registered
trademarks of their respective holders. For more information, visit
www.bitzio.com. To learn more about Bitzio, watch their video. 


About Motion Pixel Corporation Holdings, Inc. 

MPC is a creative entity that has become the catalyst in bringing ideas,
products and services to life. The team at MPC has collectively produced over
10,000 hours of animated content in all genres from movies, TV shows and
advertising. Since 1997, while working together, the MPC team has been the
recipients of 17 digital film and creativity awards. The studio boasts the
region's best free-thinking talented artists, creating everything from
storyboards to finished digital animated productions. To see examples of their
work, watch their Demo Reel.


Forward Looking Statements

This news release contains forward-looking statements within the meaning of the
U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities
laws, including statements relating to expectations the 2012 fiscal year; The
terms and phrases "goal", "commitment", "guidance", "expects", "would", "will",
"continuing", "drive", "believes", "indicate", "look forward", "grow",
"outlook", "forecasts", and similar terms and phrases are intended to identify
these forward-looking statements. Forward-looking statements are based on
estimates and assumptions made by Bitzio in light of its experience and its
perception of historical trends, current conditions and expected future
developments, as well as other factors that Bitzio believes are appropriate in
the circumstances, including but not limited to general economic conditions,
Bitzio's expectations regarding its business, strategy and prospects, and
Bitzio's confidence in the cash flow generation of its business. Many factors
could cause Bitzio's actual results, performance or achievements to differ
materially from those expressed or implied by the forward-looking statements,
including, without limitation: risks related to competition; Bitzio's reliance
on key personnel; Bitzio's ability to maintain and enhance its brand; and
difficulties in forecasting Bitzio's financial results, particularly over longer
periods given the rapid technological changes, competition and short product
life cycles that characterize the mobile application industry. These risk
factors and others relating to Bitzio that may cause actual results to differ
are set forth Bitzio's periodic filings with the U.S. Securities and Exchange
Commission (copies of which filings may be obtained at www.sedar.com or
www.sec.gov). These factors should be considered carefully, and readers should
not place undue reliance on Bitzio's forward-looking statements. Bitzio has no
intention and undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise,
except as required by law.

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