Altitude Organic Colorado Springs Location Expands - Colorado First State Ever to Legalize Adult Cannabis Use Colorado Amendment 64 Passes in Colorado - Recreational Marijuana is legalized for Recreational Use
PHOENIX and DENVER, Nov. 8, 2012 /PRNewswire/ -- Altitude Organic, a division of Tranzbyte Corporation (ERBB:OTC:PK) is pleased to announce that its licensed Colorado Springs store has moved to its new downtown location. In addition to the move, the store has also expanded, adding a much larger OPC-licensed warehouse facility. Nationally known marijuana cultivation expert, Ed Rosenthal, will be appearing at the new Altitude Organic Medicine location this Saturday, November 10th. Folks interested in hearing and chatting with Ed can contact the Colorado Springs store for more details.
In light of last night's passing of the historical Amendment 64 cannabis legalization initiative, Colorado cannabis businesses may see their customer potential grow from 100,000 to 1,000,000+ in just over a year's time. State rule-making authorities and the Colorado Department of Revenue Medical Marijuana Enforcement Division (MMED) will spend the next year planning the roll out of the world's first-ever adult use, taxed, and regulated marijuana industry. Investment in the local Colorado economy is expected to grow exponentially and enormous production capacity will have to be built to supply the post-Amendment 64 legal marketplace. Local construction, architects, plumbers, electricians, building suppliers, environmentalists, attorneys, accountants, gardeners, and retail jobs are just a sample of the myriad of new work opportunities becoming available in Colorado and expected to have a very positive effect in lowering unemployment in the state.
Altitude Organics managing director, Brian Cook stated, "We are living in historical times, indeed! Along with Washington state, Colorado has now legalized adult use of cannabis. This is a sign that Americans would prefer growing cannabis again in America just as the Father of our country, George Washington, did during colonial times, instead of depending on foreign criminal cartels for production."
The Tranzbyte Corporation (www.tranzbyte.com) is a driving force behind Altitude Organic Corporation. The company continues 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 that decide to become public on their own will agree to carve out shares for Tranzbyte and their ERBB shareholders once the spin-out is registered and publicly trading. This 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 9-year-old technology division which is actively engaged in the marketing and 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 ALTITUDE ORGANIC CORPORATION
Altitude Organic Corporation (www.altitudeorganix.com) provides business support services to independently-owned retail dispensaries and legally licensed caregivers in states that have approved the use of medical cannabis. AOC continues to drive innovation in the industry through its sales and marketing support services, product research and development, point-of-sale and inventory management technologies, Zazzz™ unique retail product lines, and an expanding family of brands designed to meet the ever-growing demand of the burgeoning medical cannabis industry. Visit http://www.altitudeorganix.com today.
ABOUT PROXIMARF AND APPLIED RFID
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.
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.
Companies and Contacts:
Mr. John T. Martin, Managing Director - Asian Division
Rm 308, 3/F, Kai Tak Commercial Building
317-319 Des Voeux Road Central, Hong Kong (SAR)
Mr. Brian Cook, Managing Director
Altitude Organic Corporation
14220 N. Northsight Blvd., Suite 139-A
Scottsdale, AZ 85260
Victor J. Elias, President
ProximaRF Corporate Office:
14220 N. Northsight Blvd., Suite 139-B
Scottsdale, AZ 85260
SOURCE Tranzbyte Corporation