Altitude Organic Launches Arizona Caregiver Network
PHOENIX and DENVER, Nov. 19, 2012 /PRNewswire/ -- Altitude Organic Corp, a subsidiary of Tranzbyte Corporation (ERBB:OTC:PK) is pleased to announce it has launched its Altitude Organic national caregiver management program in Arizona. Beginning now, partner caregivers may grow up to 72 plants and distribute their product through collectives, licensed dispensaries, and other caregivers in need of supply for their patients. Those who join the Altitude Organic Managed Caregiver Network will receive state of the art guidance and resources enabling them to maximize their grow operation. In exchange, Altitude Organic Corp. will receive a management and consulting fee related to each caregiver's output.
According to Arizona law, caregivers will be allowed to work with dispensaries for up to a year after they begin operating within the state. Growers that would like to continue producing cannabis past the one-year mark, will be required to join up with a dispensary or be forced out of the legal caregiver business. Altitude Organic Corp offers a tremendous marketing, branding, and distributing solution for caregivers in Arizona so they can focus on their operation. Altitude Organic Corp also presents caregivers the legal transition path to remain in the industry, as it expands under advancing legal regulations.
Caregiver Network affiliates are currently accumulating strain genetics that will be used to launch future Altitude Organic managed dispensaries in Arizona. Currently, 8 Arizona state dispensary license winners are negotiating to retain Altitude Organic Dispensary management services. Last week, the first dispensary in Arizona was approved to open. (http://www.azcentral.com/news/politics/articles/20121115arizona-licenses-first-medical-marijuana-dispensary.html).
Since 2009, Altitude Organic Medicine dispensaries have been in operation in Colorado and the brand has begun to gain significant recognition within the state (www.altitudeorganix.com). Altitude began contributing to national lobbying efforts through Washington DC based MPP and the NCIA trade association in 2010, in order to lead a "tax and regulate for national economic recovery" message. The company has forged a new and leading path in the cannabis industry developing retail, cultivating, and infusion strategies that the management company can offer dispensaries and caregivers across the nation.
Altitude Organics is transitioning caregivers to work directly with state licensed dispensaries allowing them to stay working in the industry. There are many skilled caregiver growers that will need to align with licensed dispensaries in the next 14 months, as Arizona's first dispensary received authorization to open for business since the medical marijuana law was passed. Upon our closing of an Arizona dispensary management contract, partner caregivers will be able to focus on their gardens, knowing all the products they produce, have a legal sales outlet.
State by state, election after election, voters are approving new cannabis legalization measures. Caregivers that want to stay in business will need to join an organization that links them up with dispensaries."
The Tranzbyte Corporation (www.tranzbyte.com) is a driving force behind Altitude Organic Corporation and ProximaRF. 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 US Corporate Office:
14220 N. Northsight Blvd., Suite 139-B
Scottsdale, AZ 85260
SOURCE Tranzbyte Corporation