PHOENIX, March 6, 2013 /PRNewswire/ -- Tranzbyte Corporation (OTCPINK: ERBB), announced today it will develop an active presence in Oregon and Washington. The state of Washington has legalized cannabis for adults while Oregon has legalized it for medical use.
"I want to have the company positioned to take advantage of every profitable opportunity within our reach. I believe our country is approaching the end of marijuana prohibition. Although the current glide path toward legalization is fraught with uncertainty – especially between federal and state jurisdictions – the overall movement toward full legalization feels unmistakable. We plan to have "boots on the ground" in every section of the country that is emanating "heat" toward legalization."
The highly competitive nature of our businesses requires that we make bold but quiet moves designed to accomplish our goals. As Tranzbyte moves forward with its business model, shareholders and the public can expect periodic news updates of the company's progress regarding each sector of interest. Mr. Gwyther continues, "I encourage all folks wishing to follow our progress to go to the Tranzbyte website at www.tranzbyte.com and sign up to receive our "Email Alerts" which are sent our periodically. Just click on the orange 'contact' button when arriving on the site."
The Tranzbyte Corporation (www.tranzbyte.com) is a driving force behind Altitude Organic Corporation. 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 their ERBB shareholders.
Last 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 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 ALTITUDE ORGANIC CORPORATION
Altitude Organic Corporation is 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 has operated in California, Colorado, and Arizona. Altitude Organic Corporation is currently targeting expansion through dispensary and caregiver managed partnerships, as well as outright acquisition in 'for-profit' medical marijuana states. The company seeks to capture market share in the fast growing, multi-billion dollar cannabis industry. For more information, visit www.altitudeorganix.com.
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:
Tranzbyte Corporation – Hong Kong
Rm 308, 3/F, Kai Tak Commercial Building
317-319 Des Voeux Road Central,
Hong Kong (SAR)
Victor J. Elias, President
ProximaRF Technology Holding Company
14220 N. Northsight Blvd., Suite 139-B
Scottsdale, AZ 85260
SOURCE Tranzbyte Corporation