PHOENIX and DENVER, Nov. 8, 2011 /PRNewswire/ -- Altitude Organic Corporation (ERBB:OTC:Pink), a leading national, publicly-traded medical marijuana company, is pleased to report that beginning November 10th, Mr. David Gwyther, has accepted the job as its chief executive officer. His main focus will involve investor and corporate relations and the development of a working plan to monetize the company's current technology assets held within its Tranzbyte division. This will allow current president, Brian Cook, to focus on building the Altitude Organix dispensary management model.
According to Mr. Cook, "David Gwyther should make a tremendous addition to Altitude Organic Corp. His proven vision will now allow the company to see beyond its core business. I believe that the time David devotes toward the development of new products, as well as in expanding our shareholder and corporate relations footprint, will yield results in both the short and long term. I look forward to working with him in developing a company that will continue to grow in value."
Following an analysis of the company's current marketing opportunities, its shareholder base, and an examination of the company technology assets within its Tranzbyte division, Mr. Gwyther will deliver his recommendations to the Board of Directors.
ABOUT ALTITUDE ORGANIC CORPORATION
Altitude Organic Corporation www.altitudeorganix.com provides independently-owned retail dispensaries in Colorado, California, and Arizona business support services, while also acting as a one-stop-shop for entrepreneurs looking to enter the burgeoning, multi-billion dollar industry of legal cannabis. Altitude Organic Corporation has launched its new management company strategy in Arizona. The company can manage, staff, consult, and provide uniquely branded products and concepts to medical marijuana dispensaries using a limited liability agreement. The company also sells horticulture equipment via its partnership in Sundance Hydroponics (www.sundancehydroponics.com). Visit www.altitudeorganicmedicine.com today.
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.
Company and Contact:
Chief Executive Officer
Altitude Organic Corporation
14220 N. Northsight Blvd., Suite 139
Scottsdale, Arizona 85260
SOURCE Altitude Organic Corporation