TEMPE, Ariz., Dec. 10, 2013 /PRNewswire/ -- Tranzbyte Corporation (OTC Pink: ERBB) announced today that its subsidiaries - Altitude Organix, OneBode International, the YO! Debit Card System, and the BancoLibre point-of-sale merchant solution have all made significant progress toward improving the company's public profile and bottom line for 2014 and beyond.
Altitude Organix Update
The Altitude Organix division, now headed by Tranzbyte president, David Gwyther has been focused on the completion of the company's proprietary "21" Machine – an automated dispensary designed to be operated solely by persons over the age of 21. "We are on the phone almost daily with our manufacturer to insure that our machine allows our customer's purchases to be as secure and easy as possible while maintaining a zero-tolerance strategy in guaranteeing our "21" machine is operated only by customers who are 21 and over," says Stephen Shearin, Tranzbyte's executive in charge of the project. "We are customizing the product offering with our ZaZZZ product line to reflect the needs of different locations in different locales for placement of our automated dispensing machines so we will be ready when the machines arrive in January." The ZaZZZ products will be those items selected to be sold in Tranzbyte's "21" Machine, and will include a wide assortment of products specifically chosen to be of interest to those who are 21 years of age and older. Shareholders may look forward to hearing more of each product accepted under the ZaZZZ banner in 2014," concludes Shearin.
BancoLibre Network Update
The BancoLibre merchant solution allows dispensary owners throughout the United States to accept credit card purchases for products purchased by customers at dispensaries which sell both medical and adult-use cannabis and cannabis-infused products. Currently most dispensaries accept only cash for these purchases. "Our BancoLibre Merchant Program, once adopted by our participating dispensaries, is expected to be widely accepted because it will represent a huge convenience to the customer while, at the same time, reduce the amount of cash on hand at the end of the day – something that has created an ongoing security issue for the stores, themselves, says Sean Loomer, Tranzbyte's Chief Operating Officer.
Virtual YO! Mastercard and YO!21 Debit Card Update
YO Cardholders can conveniently preload a virtual wallet using any one of a variety of methods – cash or cash equivalent, credit card or ACH bank transfer. Once on the network, users can make secure purchases with the one item they will always have with them - their Android or iPhone-operated smart phone. Pre-qualified YO!21 customers will also be able to operate the company's automated dispensary when that machine becomes available throughout 2014 and beyond.
"The cell phone in our world has moved from being convenient communication device to an efficient tool that people carry with them everywhere. Turning it into a payment device just makes sense," says Sean Loomer, YO21 division president. "The medical marijuana market has been challenged in the past when it comes to providing a cashless transaction for their products. By combining product advantages of different Tranzbyte subsidiaries, the Company has not just overcome that challenge but has created a system that can expand into a variety of exciting adult markets," concludes Loomer.
OneBode (pronounced One Body) Update
As promised in earlier news releases, Tranzbyte's nutritional supplement subsidiary OneBode, has had double-digit increases in revenues every month since Tranzbyte purchased the company in July. Headed by its returning original founders, Tylene Roderigues and Sean Loomer, the company continues to expand its product lines, distribution channels and revenues, and expects 2014 to be its best year yet. NBA All Star and LA Laker Steve Nash, one of the company's largest advocates and shareholders, has often given credit to the OneBode products for helping him achieve his best performance.
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 (www.onebode.com) 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 Organix became the first publicly traded medical marijuana dispensary brand in the world. Back in 2009, the company developed retailing, branding, and commercial cultivating strategies in conjunction with its licensed medical marijuana retail dispensaries operating under the Altitude Organic Medicine brand name. Now, the Company has developed 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 - AFFILIATE
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 making it a subsidiary, 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