This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Altitude Organic Positioned For Expansion As Cannabis Industry Grows To 18 States And Washington DC

PHOENIX, Nov. 20, 2012 /PRNewswire/ -- Altitude Organic Corp, a subsidiary of Tranzbyte Corporation (ERBB:OTC:PK), is poised to capture expanded market share as Massachusetts has become the eighteenth state to legalize medical marijuana. 

According to Tranzbyte president, David Gwyther, "The time is NOW for Altitude Organic and Tranzbyte. The company does not anticipate or contemplate any type of reverse split or rollback of its common shares in order to accommodate the anticipated Altitude Organic expansion or the Tranzbyte dividend farming model involving future acquisitions and spin-offs."

Beginning operations in Colorado in 2009, Altitude Organics has navigated numerous legal hurdles as the industry's nascent regulations have continued to fluctuate. In 2011, the Altitude Organic San Diego, California licensed dispensary shut down after city officials voted to remove hundreds of legal businesses from within the city limits. Despite unforeseeable regulatory changes at times, Altitude Organic Corp is still standing as only publicly-traded company of its kind to have operated in California, Colorado, and now in Arizona garnering experience in multiple jurisdictions under different cultivating climates.

The legal commercial business is so new, that prior existing technologies and systems will be rendered obsolete as a more commercial approach to the industry is adopted.  Our company plans to implement commercial advancements at its existing licensed store locations in Colorado, while expanding and aligning with premier operators nationally. Altitude Organic seeks to manage dispensaries, caregivers, and infused products production in non-profit medical marijuana states such as Arizona, while it seeks outright purchase of retail acquisitions in "for-profit" states like Colorado. Our licensed store model will continue to exist with the two stores in Colorado. All future partnerships will be through management company alliances or acquisition, as capital and opportunities becomes more readily available. Altitude Organic Corporation's first priority for 2013 will be to enhance our company's revenue dramatically.

AO's Managing Director Brian Cook stated, "We have accumulated tremendous knowledge working in the legal marijuana industry over the last three and half years which I believe will put our company in the unique position to find the right partnerships moving forward. This, in turn, will enhance revenue and build our brand recognition in the new industry. Our recently announced managed caregiver model in Arizona will help us "seed" the managed dispensary partners with whom we seek to ally.  Despite the different operating rules between states, our proven adaptability and early lead in operations experience, should help us gain market share and set us apart from the pack, as this multi-billion dollar industry continues to grow."  

ABOUT TRANZBYTEThe Tranzbyte Corporation ( www.tranzbyte.com/) is a driving force behind Altitude Organic Corporation and ProximaRF. 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." Companies that qualify that decide to become public on their own will agree to carve out shares for Tranzbyte and their ERBB shareholders once the spin-out is registered and publicly trading. This 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 9-year-old technology division which is actively engaged in the marketing and 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 CORPORATIONAltitude Organic Corporation ( www.altitudeorganicmedicine.com/) provides business support services to independently-owned retail dispensaries and legally licensed caregivers in states that have approved the use of medical cannabis. AOC continues to drive innovation in the industry through its sales and marketing support services, product research and development, point-of-sale and inventory management technologies, Zazzz™ unique retail product lines, and an expanding family of brands designed to meet the ever-growing demand of the burgeoning medical cannabis industry. Visit http://www.altitudeorganicmedicine.com today.

ABOUT PROXIMARF AND APPLIED RFIDFounded 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 STATEMENTSExcept 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:

David G. Gwyther, President
Tranzbyte Corporation
14220 N. Northsight Blvd., Suite 139
 Scottsdale, Arizona 85260
480.443.1600
  davidgwyther@tranzbyte.com

Mr. Brian Cook, Managing Director
Altitude Organic Corporation14220 N. Northsight Blvd., Suite 139-A
 Scottsdale, AZ  85260
   briancook@altitudeorganix.com

Mr. John T. Martin, Managing Director - Asian Division
Tranzbyte Corporation Rm 308, 3/F, Kai Tak Commercial Building
317-319 Des Voeux Road Central,
Hong Kong (SAR)

Victor J. Elias,  President
ProximaRF TechnologyProximaRF US Corporate Office:14220 N. Northsight Blvd., Suite 139-B
 Scottsdale, AZ  85260
480.443-1600

SOURCE Tranzbyte Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs