Bitzio, Inc. ("Bitzio" or "the Company") (OTCBB:BTZO), a leader in media, mobile
games, and the gamification of mobile apps, today announced that it has agreed
upon terms to acquire German mobile gaming and software company, ACT Smartware
("ACT"). The acquisition terms have been agreed upon by both companies and a
signed letter of intent setting out the terms has been executed. The acquisition
is subject to final due diligence and certain requirements under German law. It
is expected that the transaction will close in 1-2 weeks. 


Upon formal execution of the agreements in Germany, the ACT team and all assets
will become a part of Bitzio, Inc. The acquisition will be completed using only
Bitzio shares and no cash outlay from Bitzio. All revenues generated by the
acquisition will be re-invested into the growth of marketing, development and
growth of Bitzio's mobile games. ACT reported 2011 revenues of approximately $1
million USD. Bitzio anticipates revenue to continue to be generated through
existing ACT clients and apps, as well as new apps that will come to market
shortly.


"This acquisition has been unlike any other in Bitzio's history. The ACT team
has already been working intimately with Bitzio and has been integral in the
development and deployment of key products such as our EveryoneApps platform.
With approximately 4,000 apps deployed through EveryoneApps, we have already
seen the depth of talent the ACT team brings to us. They have amazing technical
expertise and incredible knowledge of the gaming user experience - both skills
we're very happy to continue expanding in house," commented William Schonbrun,
President and CEO of Bitzio.


Tobias Berlin and Gerd Mettendorf, founders of ACT Smartware, have been in the
technology sector since 1993 and 1985, respectively. They have created
innovative software solutions for large multi-national companies such as
Daimler/Chrysler and Bosch, both of which are still on the company's client
roster. In 2008, as early adopters to mobile technology, Berlin and Mettendorf
created their first apps. To date, their business apps consistently receive 4-5
star user ratings and deliver higher revenue then most gaming apps. 


Schonbrun continued, "This adds another critical piece to our mobile gaming and
entertainment story. With our recent acquisitions of MPC, Knuckle Face Games and
now ACT, Bitzio has the technical talent, mobile app deployment, marketing and
media and animation capabilities to create the best in mobile gaming experiences
in the world. In fact, we already have plans in place to utilize many of ACT's
existing apps and update them with a media and animation user experience from
MPC, resulting in apps that will blow users' minds. These apps will be like
playing inside a Pixar movie with gamification and behavioral data continually
making the experience better every time a user signs in."


Tobias Berlin, Founder of ACT adds, "Developing app concepts and creating the
technology to make them happen is where we excel. Bringing those ideas to life
successfully in terms of marketing is a challenge for developers of any level.
What intrigued us about Bitzio was their ability to see the big picture and
string together the talent and assets which power the mobile app consumer
experience as well as offer companies behavioral data and access to their fan
bases. It is the first all-encompassing solution we have seen in the mobile apps
sector and we are proud to become a part of Bitzio."


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.
For more information, visit www.bitzio.com. To learn more about Bitzio, watch
their video or connect with Bitzio on Twitter and Facebook. 


About ACT Smartware 

ACT Smartware is a German software and mobile app technology developer. Founded
in 1999, the company services industrial clients with software and solutions for
desktop as well as mobile smartphone systems for quality checking. ACT Smartware
also offers technology consulting and creates mobile gaming apps for the general
consumer industry. 


"Bitzio", is a trademark of Bitzio, Inc., "ACT Smartware" is a trademark of ACT
Smartware. All other companies and products listed herein are trademarks or
registered trademarks of their respective holders. 


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.