TEMPE, Ariz., Jan. 28, 2014 /PRNewswire/ -- Tranzbyte Corporation (OTC Pink: ERBB) announced today that after it had believed it had reached a verbal agreement with PARC, a licensed Arizona dispensary in Phoenix, a final written agreement could not be achieved. As a result, both PARC and Tranzbyte have agreed not to proceed regarding the placement of Tranzbyte's age-verifiable ZaZZZ machine at the PARC Dispensary as previously announced by Tranzbyte on January 22, 2014.
The company expects to announce its new choice of lead dispensary locations within the week. Tranzbyte president, David Gwyther, says, "While it would have made some sense to have our premiere location close to the Tranzbyte main offices, we will treat this as an opportunity to place our machines within states that possess a more open regulatory environment."
In other Tranzbyte news, the company is very excited to announce the addition of Rex Chapman to its advisory board. Mr. Chapman entered the NBA as a first round draft pick and played 12 years before retiring due to injury. Currently, Chapman serves as a studio analyst for Turner Broadcasting as well as Grand Canyon University. Mr. Chapman was indirectly responsible for Steve Nash getting involved with OneBode and maintains deep relationships in the pro sports and professional communities. He will be assisting Tranzbyte and OneBode in their various initiatives, beginning immediately as they roll out their line of nutritional supplements to a growing number of high profile athletes and teams. "I have known (OneBode president) Sean Loomer for over ten years and have used OneBode products since the beginning. I have the time and the interest, it just made good sense to work together."
Tranzbyte encourages all folks wishing to follow the progress of Tranzbyte, Altitude Organix, and its other subsidiaries and divisions to visit the Tranzbyte website at www.tranzbyte.com and sign up to receive our 'Email Alerts' which are sparingly sent to interest-holders periodically. Just click on the orange 'contact' button after arriving at the company's website or click here to go there directly. Mobile users can also sign up by navigating to the company's website on their android smart phone or iPhone."
The Tranzbyte Corporation (www.tranzbyte.com) is a driving force behind Altitude Organic Corporation, OneBode, The YO! Debit Card and BancoLibre. The company expects to continue 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 and decide to become public on their own will agree to carve out shares for Tranzbyte and dividends for their ERBB shareholders.
Tranzbyte also houses the company's 10-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 ONE BODE
One Bode was founded in 2006 by a group of health conscious professionals with backgrounds in sports, health, and nutrition who recognized the need for supplements to compliment any lifestyle. Focusing on plant-based nutrients and enzymes, One Bode created an assortment of products that enable the everyday person interested in improving their health to access the kind of nutritional supplements previously enjoyed by professional athletes, entertainers, and those with the time to devote their entire lives to the pursuit of such diets.
The company is combining its successful product rep program with an aggressive online campaign focusing on a realistic plan to increase sales measurably within the next 90 days of operation and throughout the coming years. The versatility of the products combined with the various dietary deficiencies present in practically everyone enables individuals to tailor a custom program designed to fit their specific needs; as such the company sees a virtually unlimited market-space for expansion.
ABOUT ALTITUDE ORGANIX
Altitude Organic Corporation became the first publicly traded medical marijuana dispensary brand in the world. Beginning in 2009, the company has developed retailing, branding, and commercial cultivating strategies in conjunction with its licensed medical marijuana retail dispensaries operating under the Altitude Organic Medicine brand name. The Company is developing an "automated dispensary" that will offer the company's proprietary products to qualified adults in the US and around the world. The Company's newly acquired YO! Debit Card is currently being converted for use in its proprietary machines and will be accepted at participating dispensaries and other select locations who become members of the Altitude Organix Network.
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.
Once the acquisition agreement with Tranzbyte is finalized, 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.
SOURCE Tranzbyte Corporation