FINRA Completes Review - Altitude Organic Officially Becomes Tranzbyte Corporation
Beginning today, February 21, 2012, Altitude Organic (along with ProximaRF) becomes wholly-owned subsidiaries of Tranzbyte Corporation
PHOENIX, Feb. 21, 2012 /PRNewswire/ -- Tranzbyte Corporation (ERBB:OTC:PK) announced today that it has received notice from FINRA, (www.finra.org) that the governing body has completed its review of the company's submission to change its corporate name to Tranzbyte Corporation. As a result, Altitude Organic now officially becomes a subsidiary of Tranzbyte. According to Tranzbyte president David Gwyther , "Altitude Organic along with its president, Brian Cook , continue to play an integral part in the future growth of the company and will continue to focus on opportunities in the growing medical marijuana management sector, while Tranzbyte's other subsidiary, ProximaRF (www.proximarf.com), addresses leading-edge opportunities in the burgeoning RFID (Radio Frequency Identification) technology sector."
The company's 9-year-old technology division (formally called "Tranzbyte") will remain and be absorbed within Tranzbyte Corporation's core technology portfolio.
Even though the company's name has changed to Tranzbyte, it will continue to trade under its current symbol, ERBB, with no change whatsoever to the corporate stock structure. The company continues to post current public information in its quarterly reporting to OTCMarkets. (www.otcmarkets.com/stock/ERBB/quote).
The Tranzbyte Corporation now becomes 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," Subsidiary companies that qualify and decide to become public on their own can expect Tranzbyte's continued support throughout the entire process.
In early 2012, Tranzbyte acquired ProximaRF – a leading-edge technology company that produces a line of products supporting innovative uses for RFID technology.
Tranzbyte also houses the company's 9-year-old technology division which is actively engaged in the 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 PROXIMARF AND APPLIED RFID
Proxima RF Technology Holding Corp. and its wholly owned operating subsidiary, ProximaRF Technology Corporation (www.proximarf.com) support 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 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
ABOUT ALTITUDE ORGANIC CORPORATION
Altitude Organic Corporation www.altitudeorganix.com provides independently-owned retail dispensaries in Colorado, California , and Arizona specialized 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 (http://www.sundancehydroponics.com/). Visit http://www.altitudeorganix.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.
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SOURCE Tranzbyte Corporation
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